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Decentralized finance or DeFi, for short, has emerged over the last year, building significant momentum over the year as the Total Volume Locked in the sector has surpassed over $35 billion in comparison to $1 billion in February last year.
Newer platforms like Fusion and Fantom are evolving the DeFi sector with interoperable and scalable solutions such as liquid staking, cross-chain swapping, and more. Fusion’s DCRM technology and the Fantom foundation’s DAG-based smart contract platform are expected to grow the Defi sector tremendously.
Both the networks aim to allow users to execute sophisticated financial functions while solving the scalability and interoperability issues of existing blockchain solutions, making way for the Internet’s new age.
Founded in late 2017, the Fusion project proposed establishing a platform-level public chain where the tokens’ private keys on multiple blockchains can be securely moderated in a distributed fashion using its proprietary DCRM solution.
At the core of the Fusion project’s design is a distributed control rights management system (DCRM), smart contracts creation, and hierarchical hybrid consensus mechanisms (HHCM). The project’s strategy is meant to catalyze the emergence of the Internet of Values.
The Fusion project implements HHCM to ensure unpredictable randomness of book-keeping nodes, hence bolstering the system’s security and functionality.
The HHCM enables the following for the Fusion project.
The Distributed Control Rights Management protocol at the heart of Fusion transfers digital assets control to the network’s decentralized nodes management. The distributed generation and storage of private keys on the Fusion network control the access of private keys. Hence no single node on the network can gain control of the digital assets.
Fusion also utilizes crypto-asset mapping. Crypto-asset mapping actively generates tokens used for bookkeeping on the network for controlled objects. Therefore, tokens on the network can freely interact with mapped assets. Moreover, Fusion has also implemented distributed control with its Lock-in and Lock-out mechanism.
With the lock-in and lock-out process, users can simply validate asset ownership by generating a private key with the distributed sharding algorithm found in the DCRM. Users transfer the control of their assets to the DCRM through a centralized management framework. After the transference of authority is completed, a smart contract will update the user’s account on Fusion.
The Fusion foundation was introduced by DJ Qian, the CEO of a popular blockchain incubator, BitSE. BitSE was nominated as the top fintech startup globally and awarded with the year's most powerful blockchain infrastructure. BitSE has also led to the establishment of VeChain and QTUM.
Most of Fusion’s success can be attributed to its technology and the open-source community behind it. The developer community has actively improved the platform’s protocols and features. Fusion has a group of honest developers called the FOSC. The group comprises some of the best open-source developers, translators, designers, and more.
The DCRM has several use-cases for storing cryptocurrencies. By combining DCRM with the ability to validate asset ownership, Fusion inherits a diverse set of use-cases.
Based on Fusion DCRM technology, Anyswap is a unique, completely decentralized, cross-chain swap protocol that provides users with automated pricing and a sophisticated liquidity system. The Anyswap decentralized application is compatible with notable blockchains such as Fusion, Binance Smart Cain, Ethereum, and Fantom, making it the first true cross-chain DEX.
Anyswap acts like a decentralized cross-chain bridge. Users can deposit any coins into the protocol and mint-wrapped tokens in a decentralized ecosystem. Users can also instantly swap from one coin to another without any risks to anonymity or privacy. Additionally, Anyswap also offers a liquidity provider that adds and withdraws liquidity into swap pairs on the application.
Furthermore, Anyswap exchanges different pairs on each of its supported blockchains. The newer version of Anyswap will offer direct pairings in addition to pairings with base coins of Fusion, Ethereum, Fantom, Huobi Eco Chain, or Binance Smart Chain.
Note that Anyswap users have to pay the gas fee for the respective blockchains they deal with. Also, users have to pay 0.4% of the sum they transfer, where 0.3% is assigned to liquidity providers, and 0.1% goes to Anyswap.
Based on Fusion’s DCRM technology, Chainge offers instant coded financial services that span multiple blockchains such as Ethereum and Binance Smart Chain. With zero investment required, users can freely leverage power-coded finance services by using the free tokens provided to them for joining the early adopter’s waiting lists. No upfront investment is required to leverage the power of coded financial services as users can utilize free tokens provided for joining an early-adopters waiting list.
Interestingly, users can seamlessly access services like margin trading, loan acquisitions and easily trigger digital financial instruments' liquidation. Additionally, users can access a myriad of wealth management features like self-customized crowdfunding or value distribution formulas through Chainge’s sophisticated yet user-friendly interface.
Users can also provide financial services as a coded bank by providing loans, escrow and protect their friend’s account’s security with multi-sig services. Chainge simply banks the unbanked and allows users to build their own digital bank.
It should be noted that Chainge is invite-only at the moment based on POIP, but you shouldn’t worry because you can click on this link and use my referral in order to get some Chainge tokens, (thank you).
Fusion’s technology is easily one of the most sophisticated systems existing in the cryptocurrency market. The FSN token is an excellent investment based on its use-cases, its solution to interoperability, scalability, and usability. By investing in FSN, you are investing in its adoption.
Although the token is ranked at 430 by Market Capitalization, the token has gone up in value at the time of writing, priced at $0.75. Fusion token accumulates a market cap of over $36.8 million with a trading volume of almost $16.5 million.
Moreover, the token has taken a bullish run after breaking the resistance level at $0.6 after 3.5 months. It’s plausible that the token will go through price corrections. For a project of this level and activity, the price is considerably low. However, paired with the ideal tools, you can make this investment the right decision.
https://coinmarketcap.com/currencies/fusion/
Fantom strives to stand out from the conventional block ledger-based storage infrastructure by employing a sophisticated DAG-based protocol called the Lachesis Protocol.
The Lachesis protocol operates on the Fantom Opera chain. It intends to enable applications built on top of the blockchain to experience instant transactions and negligible transaction costs for users across the board. The Lachesis protocol allows Fantom’s mission to deliver an interoperable and scalable solution to the world.
Fantom has proven to achieve a transaction time of under two seconds. Moreover, Fantom can process thousands of transactions per second to scale to hundreds of nodes on the network.
Fantom delivers the first DeFi stack built on top of an aBFT consensus mechanism, making it the fastest, cheapest, most reliable, and most secure platform in the ecosystem. Users can use their FTM to mint fUSD and access DeFi tools, use their fUSD to trade synthetic assets, or lend it to earn interest and borrow synthetic tokens. Let us discuss some of the core features of the Fantom ecosystem.
fUSD is a stablecoin on the Fantom network that serves as the gateway to Fantom’s Defi Platform. Users on the Fantom network can easily mint fUSD by locking up their FTM. Moreover, fMint also allows users to use fUSD as collateral to mint synthetic assets.
Users can instantly buy synthetic assets from the ease of their Fantom wallets. Users can use their FTM or fUSD to trade over 170 different assets and tokens, including fBTC, fETH, and other notable assets.
Users can seamlessly lend FTM and fUSD to the liquidity pool and earn passive interest on their capital. Moreover, users can use fUSD to lend synthetic assets and trade on fSwap from their Fantom wallets’ ease.
The Lachesis Protocol at the core of Fantom is an aBFT consensus algorithm proposed by the Fantom team. The aBFT consensus algorithm enables the following features:
The Lachesis Protocol essentially stores a Local Acyclic Directed Graph that comprises event blocks, each composed of transactions on the network. The DAG then monitors the happen-before relation between transactions and computes the exact final order of independent transactions on each node.
Additionally, The Lachesis Protocol dramatically saves time by making validators on the network periodically exchange the monitored transaction and events with nodes. Interestingly, Fantom also employs the proof of stake consensus protocol to secure the network from potential Sybil attacks with a minimum requirement of 3,175,000 FTM from validators.
Founded in 2018, Fantom operated from Seoul, South Korea, as a blockchain developer team striving to develop a new consensus algorithm. The Fantom Foundation team, led by their CEO, Michael Kong, comprises engineers, scientists, researchers, designers, and entrepreneurs.
With the emergence of various viruses and illnesses worldwide, Fantom has been expanding as a smart medicine solution to showcase Fantom Technology and Blockchain technology's numerous use-cases.
Fantom has a surpassed $385 million market cap with a trading volume of $65.6 million, priced at $0.15 per FTM at the time of writing. Considering the numerous use-cases Fantom has to offer and the features it is built on, Fantom is undoubtedly a fantastic investment. It provides speed, security, and ample room for growth. Moreover, the coin is ranked in the top 100 coins, therefore making Fantom an excellent investment.
https://coinmarketcap.com/currencies/fantom
The DeFi space is growing tremendously since its inception, and platforms like Fusion and Fantom are proving to be the catalyst in this ever-growing niche. As we have discussed, these platforms are more oriented towards solving core problems, namely scalability, and interoperability.
With these scalable, efficient, and interoperable platforms, the DeFi sector could achieve mass adoption and remove some of the core bottlenecks. The price and every growing upward trend indicate that the audience is showing significant interest in encouraging growth and adoption.
A special thanks to
Andrew (BSC.News)
Hello everyone and welcome to the AMA with CoinSwap!
Today we have @coinswapbull joining us today to talk about their exciting platform!
Great to have you here
CoinSwap Bull
It's wonderful to be here, it's an honor to join your great community and tell your community about CoinSwap and what our team is building! Thanks for having us!
Andrew (BSC.News)
Yeah it's wonderful to have you here!
So how this will work is, the AMA will consist of two rounds. The first round will be us going through the questions that I had prepared for you before hand. And then the second round will be a community round where I will open up the room to allow questions to come in. The second round is also where we will select the two winners of our giveaway
Sound good with you?
CoinSwap Bull
Sounds excellent, I'm really looking forward to this! Let's go ahead and begin!
Andrew (BSC.News)
Awesome so let's get started!
1. Please introduce yourself and the team behind CoinSwap
CoinSwap Bull
I’ve been in the bitcoin and blockchain space since 2009. I’ve written two blockchain books, written for countless projects and advised many others.
I joined CoinSwap’s team right before launch because I believe in their goal to become the world’s most innovative DEX and provide all people with decentralized financial inclusivity.
Since joining the team I can already sense that we’ve a great opportunity to achieve this goal and to become number 1 amongst all DEXs.
Andrew (BSC.News)
Oh wow 2009?
So you were here since the beginning
CoinSwap Bull
Yes sir, I've seen everything in this space and I love to see real developers at CoinSwap building the protocols I've been waiting many years to see built.
It's a pleasure to watch!
Andrew (BSC.News)
That's amazing, and for you to join a project like CoinSwap must mean more than just one more team member
So let's talk about the project itself and why you joined it
CoinSwap Bull
Absolutely, let's get into that now!
2. What is CoinSwap? What does it mean to be a decentralized cloud trading protocol?
CoinSwap Bull
Let me first give you an overview of our launch and upcoming events and that will lead me into more about DeCloud and or functions.
Launch Time: CoinSwap.com officially launched on BSC on Sep 13th.
Mining Launch Time: CoinSwap.com will officially launch mining function on Oct 20th.
Vision
Not only an AMM-based DEX, but also an ecosystem.
CoinSwap.com is committed to building a decentralized financial ecosystem integrating DEX, Cloud, NFT, DAO, GameFi, etc.
Functions:
Advanced Trade: Users can trade by observing real-time K-line and liquidity pools.
Liquidity Migration: CoinSwap.com provides this function of one-click “Liquidity Migration” that can easily allow users to migrate the liquidity previously provided on DEX.
Node NFT: Each node will become the unique NFT system of CoinSwap.com to support free transfer.
Financial Derivatives: As the trading volume and liquidity of CoinSwap.com continue to increase, we will gradually enrich the structure of various products.
Assets: You can check your wallet balance on CoinSwap.com directly.
Deductible Fees: Coins can be used to deduct 50% trading fees. The trading fee can be as low as 0.15%.
Market Data: Query Token market data anytime, anywhere.
DAO Governance: Users who hold COINS can initiate and vote on the system. Related proposals include block rewards, halving cycles, new token launches and adjustments to liquidity weights of trading pairs, etc.
Andrew (BSC.News)
Yeah so while CoinSwap is very innovative no doubt, I want to expand on it and analyze why CoinSwap is necessary
3. What inherent problems have you seen within BSC that CoinSwap can provide solutions for?
CoinSwap Bull
CoinSwap is a large supporter of Binance and Binance Smart Chain and believes in their vision to provide a chain for users with high transaction throughput.
This allows DeFi protocols like ours at CoinSwap to flourish and continue to take more market share over time from the ‘legacy’ DEXs like Uniswap or Pancakeswap that haven’t really innovated over the last year and CEXs as well once users become more comfortable in the crypto sector.
Through our referrals, NFT and Supernode NFT, users can create their own ecosystem to trade with even cheaper fees than any other DEX already running on BSC.
Our users are already giving us excellent feedback on the protocols and really appreciate us pushing the space forward with our new functionality!
Andrew (BSC.News)
Okay nice!
So my next question is
4. How does being a “DeCloud” differ from other trading protocols?
CoinSwap Bull
Other DeFi protocols aren’t as distributed as CoinSwap because CoinSwap is the first DeCloud computing protocol in the history of DeFi.
DeCloud enables every supernode to be a DEX and this may be the most revolutionary advancement in NFTs in blockchain history yet.
DeCloud gives our users even more decentralization than the normal DEX and way more decentralization than any CEX as well. This is the future of DeFi because users will increasingly want to have a decentralized cloud just like they want decentralized blockchains.
Supernode NFT empowers the users to have more control of their finances and that’s the endgame of blockchain and DeFi.
Andrew (BSC.News)
Wow that's amazing!
5. How do you use/get started on CoinSwap?
CoinSwap Bull
Our team made a full tutorial on how to get started on CoinSwap.com in this youtube video.
There are other specific tutorials and overviews on our youtube channel for users and there will be more youtube videos in the future when we launch even more functions, so make sure you’re subscribed for all news, product launches, and giveaways!
Andrew (BSC.News)
Yeah I'm watching the video and it's very solid learner material
Even teaching users how to download and set up the BSC RPC for those who may not know
CoinSwap Bull
Thank you, sir, I appreciate it!
💪
Andrew (BSC.News)
Nice guys
CoinSwap Bull
CoinSwap's team wants everyone to have access to these services, we have to make it easy to understand, thanks!
6. What is your vision for CoinSwap? Can you provide us with a roadmap?
CoinSwap Bull
The overall vision is to become the #1 DEX in the entire world! Our team is focused on the small day to day goals which will lead to us becoming number #1 eventually.
The small victories will lead us to even greater things and our community is continuing to grow on every continent daily!
CoinSwap is launching mining today! This is a huge event in our roadmap and brings all of our functions and utility to the LIVE stage of our platform.
Of course we will keep innovating but this is a major day for CoinSwap and we’re very proud of our team and our community!
Andrew (BSC.News)
What a great mindset to have
And congrats! That is a huge step
So while we are on the topic of mining
CoinSwap Bull
We appreciate it, we're very excited!
7. What is $COINS? How is it used for your platform?
CoinSwap Bull
COINS Use Case:
1. COINS used to pay for fees will not participate in rebates but will be directly burned.
2. Deductible Fees. COINS can be used to pay for fees. The discount rate is shown in the table below.
3. The creation of the supernode NFT needs to burn COINS.
4. If the project party's tokens participate in liquidity mining, the project party will provide the tokens and host the user's single staked COINS to mine the project party's tokens.
5. COINS can participate in the new functions of the platform such as NFT and IFO.
6. The COINS value can be provided in subsequent contracts and lending products.
Andrew (BSC.News)
Okay nice, so this is for sure not a project that created a token just because
Definitely resonates with the idea of an ecosystem that you guys are building towards
CoinSwap Bull
Absolutely not, CoinSwap's token has a real use case as you can tell, a token for the future of DeFi!
Thanks
8. Is your platform audited? How can you ensure users that your platform is safe to use?
CoinSwap Bull
This is one of the most important questions when evaluating any crypto protocol, let me explain.
CoinSwap.com underwent a full audit by CertiK. CertiK is the leading security agency in the blockchain space that makes sure all users are safe when using DeFi products.
You can read the full audit of our protocol done by CertiK here:
Andrew (BSC.News)
Yeah without a doubt!
All smart contracts carry a risk when interacting so I'm glad you guys understand the severity of potential risks and are taking the steps to mitigate those risks
Last but not least
9. Any exciting news you would like to announce today?
CoinSwap Bull
🗣 CoinSwap.com Genesis Mining will start today, are you guys ready?
No Private sale, No ICO, No Pre-mining!
Be the first one to have COINS4
CoinSwap #YieldFarming : October 20th 12:00 (UTC)
CoinSwap Bull
Absolutely but please make sure you use this link when you head over to the site!
That way we know you're a part of the BSC NEWS family!
🗣OFFICIAL LINKS:
Telegram Announcement:
Andrew (BSC.News)
Awesome! Thank you so much
CoinSwap Bull
You're welcome, sir!
Dragonary is always looking for ways to enhance its Non-fungible token (NFT) GameFi protocol. As a result, the game has released an update, showcasing the upcoming exciting projects and features.
The latest update shows that the GameFi protocol wants to strengthen the bond between players. Dragonary intends to focus on making its game more social and creative. The Binance Smart Chain (BSC) Play-to-Earn (P2E) protocol made its intentions clear on Twitter and Medium.
“You’ve been asking for it, so we deliver,” tweeted Dragonary on 19th October. “It’s been eleven weeks we’ve worked hard to strengthen bonds with all of you.”
The update, termed “What are we building?” features numerous exciting integrations. According to Dragonary’s blog, users can expect new additions focused on improving players' interaction. Some of the features include the Friends tab, Dungeons, Magical powers, Player vs. Player (PVP), and many more.
The Dragonary article talks about its plans to create a friendly environment for users. This means that users would get to add and interact with their friends while they play the game. This feature, known as the Friends Tab, spearheads the other top-notch integrations by the GameFi project.
“Right now, Dragonary’s focus and priority has become making the game more social and interactive. As of right now, we are working on implementing the Friends tab, so you can add other players to your friends list and check their dragons, account rarity and much more later on too!” The post read on 19th October.
Since its inception in July 2021, the Dragonary game has expanded across the GameFi industry. The Free-to-Play P2E game is now available on PC, laptop, MAC, or any Android and iOS mobile device. In light of this, the protocol released the update to clarify its growing community on what projects its diligent team is building.
“We are aware that our community wants to know how everything is going. That’s why we bring you “what are we building?”, an article where you’ll find every project our team is working on,” the protocol wrote on Twitter.
Read Dragonary’s article to learn more about its upcoming project.
Dragonary is a Free-to-Play P2E NFT game built for anyone with little or no knowledge of blockchain or cryptocurrency. The game ensures that users profit from every minute spent on the platform. Therefore, everyone is rewarded for participating in the game.
The Dragonary ecosystem features unique NFT dragons with zero transaction fees. With its $CYT token, the game is built on BSC, ensuring fast, lightweight, and secure transactions. Being a free game, users can enjoy all of Dragonary’s content without paying. However, users who enjoy the game can explore its NFT marketplace to purchase better dragons, items or power-ups, and enjoy an exciting NFT GameFi experience.
Where to find more about Dragonary:
The DeFi space is growing tremendously since its inception, and platforms like Fusion and Fantom are proving to be the catalyst in this ever-growing niche.
Decentralized finance or DeFi, for short, has emerged over the last year, building significant momentum over the year as the Total Volume Locked in the sector has surpassed over $35 billion in comparison to $1 billion in February last year.
Newer platforms like Fusion and Fantom are evolving the DeFi sector with interoperable and scalable solutions such as liquid staking, cross-chain swapping, and more. Fusion’s DCRM technology and the Fantom foundation’s DAG-based smart contract platform are expected to grow the Defi sector tremendously.
Both the networks aim to allow users to execute sophisticated financial functions while solving the scalability and interoperability issues of existing blockchain solutions, making way for the Internet’s new age.
Founded in late 2017, the Fusion project proposed establishing a platform-level public chain where the tokens’ private keys on multiple blockchains can be securely moderated in a distributed fashion using its proprietary DCRM solution.
At the core of the Fusion project’s design is a distributed control rights management system (DCRM), smart contracts creation, and hierarchical hybrid consensus mechanisms (HHCM). The project’s strategy is meant to catalyze the emergence of the Internet of Values.
The Fusion project implements HHCM to ensure unpredictable randomness of book-keeping nodes, hence bolstering the system’s security and functionality.
The HHCM enables the following for the Fusion project.
The Distributed Control Rights Management protocol at the heart of Fusion transfers digital assets control to the network’s decentralized nodes management. The distributed generation and storage of private keys on the Fusion network control the access of private keys. Hence no single node on the network can gain control of the digital assets.
Fusion also utilizes crypto-asset mapping. Crypto-asset mapping actively generates tokens used for bookkeeping on the network for controlled objects. Therefore, tokens on the network can freely interact with mapped assets. Moreover, Fusion has also implemented distributed control with its Lock-in and Lock-out mechanism.
With the lock-in and lock-out process, users can simply validate asset ownership by generating a private key with the distributed sharding algorithm found in the DCRM. Users transfer the control of their assets to the DCRM through a centralized management framework. After the transference of authority is completed, a smart contract will update the user’s account on Fusion.
The Fusion foundation was introduced by DJ Qian, the CEO of a popular blockchain incubator, BitSE. BitSE was nominated as the top fintech startup globally and awarded with the year's most powerful blockchain infrastructure. BitSE has also led to the establishment of VeChain and QTUM.
Most of Fusion’s success can be attributed to its technology and the open-source community behind it. The developer community has actively improved the platform’s protocols and features. Fusion has a group of honest developers called the FOSC. The group comprises some of the best open-source developers, translators, designers, and more.
The DCRM has several use-cases for storing cryptocurrencies. By combining DCRM with the ability to validate asset ownership, Fusion inherits a diverse set of use-cases.
Based on Fusion DCRM technology, Anyswap is a unique, completely decentralized, cross-chain swap protocol that provides users with automated pricing and a sophisticated liquidity system. The Anyswap decentralized application is compatible with notable blockchains such as Fusion, Binance Smart Cain, Ethereum, and Fantom, making it the first true cross-chain DEX.
Anyswap acts like a decentralized cross-chain bridge. Users can deposit any coins into the protocol and mint-wrapped tokens in a decentralized ecosystem. Users can also instantly swap from one coin to another without any risks to anonymity or privacy. Additionally, Anyswap also offers a liquidity provider that adds and withdraws liquidity into swap pairs on the application.
Furthermore, Anyswap exchanges different pairs on each of its supported blockchains. The newer version of Anyswap will offer direct pairings in addition to pairings with base coins of Fusion, Ethereum, Fantom, Huobi Eco Chain, or Binance Smart Chain.
Note that Anyswap users have to pay the gas fee for the respective blockchains they deal with. Also, users have to pay 0.4% of the sum they transfer, where 0.3% is assigned to liquidity providers, and 0.1% goes to Anyswap.
Based on Fusion’s DCRM technology, Chainge offers instant coded financial services that span multiple blockchains such as Ethereum and Binance Smart Chain. With zero investment required, users can freely leverage power-coded finance services by using the free tokens provided to them for joining the early adopter’s waiting lists. No upfront investment is required to leverage the power of coded financial services as users can utilize free tokens provided for joining an early-adopters waiting list.
Interestingly, users can seamlessly access services like margin trading, loan acquisitions and easily trigger digital financial instruments' liquidation. Additionally, users can access a myriad of wealth management features like self-customized crowdfunding or value distribution formulas through Chainge’s sophisticated yet user-friendly interface.
Users can also provide financial services as a coded bank by providing loans, escrow and protect their friend’s account’s security with multi-sig services. Chainge simply banks the unbanked and allows users to build their own digital bank.
It should be noted that Chainge is invite-only at the moment based on POIP, but you shouldn’t worry because you can click on this link and use my referral in order to get some Chainge tokens, (thank you).
Fusion’s technology is easily one of the most sophisticated systems existing in the cryptocurrency market. The FSN token is an excellent investment based on its use-cases, its solution to interoperability, scalability, and usability. By investing in FSN, you are investing in its adoption.
Although the token is ranked at 430 by Market Capitalization, the token has gone up in value at the time of writing, priced at $0.75. Fusion token accumulates a market cap of over $36.8 million with a trading volume of almost $16.5 million.
Moreover, the token has taken a bullish run after breaking the resistance level at $0.6 after 3.5 months. It’s plausible that the token will go through price corrections. For a project of this level and activity, the price is considerably low. However, paired with the ideal tools, you can make this investment the right decision.
https://coinmarketcap.com/currencies/fusion/
Fantom strives to stand out from the conventional block ledger-based storage infrastructure by employing a sophisticated DAG-based protocol called the Lachesis Protocol.
The Lachesis protocol operates on the Fantom Opera chain. It intends to enable applications built on top of the blockchain to experience instant transactions and negligible transaction costs for users across the board. The Lachesis protocol allows Fantom’s mission to deliver an interoperable and scalable solution to the world.
Fantom has proven to achieve a transaction time of under two seconds. Moreover, Fantom can process thousands of transactions per second to scale to hundreds of nodes on the network.
Fantom delivers the first DeFi stack built on top of an aBFT consensus mechanism, making it the fastest, cheapest, most reliable, and most secure platform in the ecosystem. Users can use their FTM to mint fUSD and access DeFi tools, use their fUSD to trade synthetic assets, or lend it to earn interest and borrow synthetic tokens. Let us discuss some of the core features of the Fantom ecosystem.
fUSD is a stablecoin on the Fantom network that serves as the gateway to Fantom’s Defi Platform. Users on the Fantom network can easily mint fUSD by locking up their FTM. Moreover, fMint also allows users to use fUSD as collateral to mint synthetic assets.
Users can instantly buy synthetic assets from the ease of their Fantom wallets. Users can use their FTM or fUSD to trade over 170 different assets and tokens, including fBTC, fETH, and other notable assets.
Users can seamlessly lend FTM and fUSD to the liquidity pool and earn passive interest on their capital. Moreover, users can use fUSD to lend synthetic assets and trade on fSwap from their Fantom wallets’ ease.
The Lachesis Protocol at the core of Fantom is an aBFT consensus algorithm proposed by the Fantom team. The aBFT consensus algorithm enables the following features:
The Lachesis Protocol essentially stores a Local Acyclic Directed Graph that comprises event blocks, each composed of transactions on the network. The DAG then monitors the happen-before relation between transactions and computes the exact final order of independent transactions on each node.
Additionally, The Lachesis Protocol dramatically saves time by making validators on the network periodically exchange the monitored transaction and events with nodes. Interestingly, Fantom also employs the proof of stake consensus protocol to secure the network from potential Sybil attacks with a minimum requirement of 3,175,000 FTM from validators.
Founded in 2018, Fantom operated from Seoul, South Korea, as a blockchain developer team striving to develop a new consensus algorithm. The Fantom Foundation team, led by their CEO, Michael Kong, comprises engineers, scientists, researchers, designers, and entrepreneurs.
With the emergence of various viruses and illnesses worldwide, Fantom has been expanding as a smart medicine solution to showcase Fantom Technology and Blockchain technology's numerous use-cases.
Fantom has a surpassed $385 million market cap with a trading volume of $65.6 million, priced at $0.15 per FTM at the time of writing. Considering the numerous use-cases Fantom has to offer and the features it is built on, Fantom is undoubtedly a fantastic investment. It provides speed, security, and ample room for growth. Moreover, the coin is ranked in the top 100 coins, therefore making Fantom an excellent investment.
https://coinmarketcap.com/currencies/fantom
The DeFi space is growing tremendously since its inception, and platforms like Fusion and Fantom are proving to be the catalyst in this ever-growing niche. As we have discussed, these platforms are more oriented towards solving core problems, namely scalability, and interoperability.
With these scalable, efficient, and interoperable platforms, the DeFi sector could achieve mass adoption and remove some of the core bottlenecks. The price and every growing upward trend indicate that the audience is showing significant interest in encouraging growth and adoption.
A special thanks to
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