What Is Fantom FTM? How High Can FTM Go? – Fantom Crypro Price Prediction!
Strong competitor to leading blockchains?
Base-layer Blockchain rivalry is heating up. While Ethereum is becoming overcrowded and plagued by high gas prices, Solana and Binance Smart Chain has provided substantial competition. These two were joined by two newcomers, Fantom and Avalanche. In this article, you will discover why you need to keep an eye on Fantom.
Fantom has experienced rapid growth in recent months. Fantom had a 7x spike in transactions from August to September 2021, all in a single month.
On the other hand, the number of Fantom addresses has risen by 35% in the previous three months. Also, it’s important to mention that $ FTM’s price has increased 9x in the last three months.
What is Fantom Blockchain?
Fantom is a smart contract platform compatible with the Ethereum Virtual Machine that is scalable and decentralized. It competes directly with top blockchains like Ethereum, Polkadot, Cardano Solana, and others.
Fantom’s architecture comprises several decentralized systems that operate autonomously in their zones and communicate with one another as needed. This guarantees that one zone’s traffic congestion performance does not influence the rest of the network.
Each dApp has its own unique and independent Blockchain set of governance rules, tokens, and tokenomics. Fantom says that its architecture can scale up to 300,000 transactions per second, where one transaction gets confirmed in 1-2 seconds, and its cost per transaction is USD 0.0000001.
Finally, Fantom is also used for pharmaceutical Supply chains, smart education, medical records, and finances.
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