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Crypto is booming. The Crypto market is almost around 3 trillion USD. Bitcoin is not dominant anymore as other altcoins are picking up. Solana is at an all-time high. Ethereum is also at an all-time high. Fantom is the relatively new kid on the block. However, some are saying that Fantom could be Solana and Ethereum's killer. Fantom token price (FTM) has become 10X in the last couple of months. In this deep dive, I look into a) what are the positives of Fantom. b) b) What is the risk associated with Fantom? c) Whether Fantom merits any investment from me? d) Is Fantom really that superior to Ethereum or Solana? Some of the key things that come out are that Fantom has extremely strong technology, a good team, and helps with Scalability Trilemma. Theoretically, it can process 20,000 transactions per second. Although it is yet to be tested. Total transactions on the platform are significant and have increased in the last couple of months. Transactions on Fantom are also increasing. Fantom (FTM) is compatible with the Ethereum network. Fantom has a lot of strengths. At the same time, there are quite a few weaknesses e.g. its too much dependent on Andre Cronje, the current defi architect. Also its built using Solidity with Ethereum Virtual Machine. So, it makes it dependent on Ethereum. Overall. I am investing in Fantom with some caution and looking to scale up slowly if Fantom foundation executes well with time. Fantom is a side -dish and NOT the main dish
Crypto is booming. The Crypto market is almost around 3 trillion USD. Bitcoin is not dominant anymore as other altcoins are picking up. Solana is at an all-time high. Ethereum is also at an all-time high. Fantom is the relatively new kid on the block. However, some are saying that Fantom could be Solana and Ethereum's killer. Fantom token price (FTM) has become 10X in the last couple of months. In this deep dive, I look into a) what are the positives of Fantom. b) b) What is the risk associated with Fantom? c) Whether Fantom merits any investment from me? d) Is Fantom really that superior to Ethereum or Solana? Some of the key things that come out are that Fantom has extremely strong technology, a good team, and helps with Scalability Trilemma. Theoretically, it can process 20,000 transactions per second. Although it is yet to be tested. Total transactions on the platform are significant and have increased in the last couple of months. Transactions on Fantom are also increasing. Fantom (FTM) is compatible with the Ethereum network. Fantom has a lot of strengths. At the same time, there are quite a few weaknesses e.g. its too much dependent on Andre Cronje, the current defi architect. Also its built using Solidity with Ethereum Virtual Machine. So, it makes it dependent on Ethereum. Overall. I am investing in Fantom with some caution and looking to scale up slowly if Fantom foundation executes well with time. Fantom is a side -dish and NOT the main dish