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ECOSYSTEM SCORE
ECOSYSTEM SCORE
The score reflects the overall worthiness of the blockchain's ecosystem, as determined by regular monitoring and collective reviewing of the ecosystem.
ECOSYSTEM SCORE
ECOSYSTEM SCORE
ALERTS
ALERTSService CoinGecko API seems has been resolved on 17 Sep
Service CoinGecko API seems to be down on 17 Sep
Service CoinGecko API incident has been resolved
Service CoinGecko API seems to be down
Service CoinGecko API incident has been resolved on 21 Aug
Service CoinGecko API seems to be down on 21 Aug
Service CoinGecko API seems to be down
Service CoinGecko API incident has been resolved
Service CoinGecko API issue is resolved
Service CoinGecko API seems to be down
REVIEW NOTES
REVIEW NOTES
Protocol review completed on December 21, 2022.
Protocol review completed on December 01, 2022.
Protocol review completed on November 15, 2022.
Ecosystem score decreases due to decrease in foundational tools score and documentation score.
Documentation score decreases due to decrease in API documentation, node setup and validator nodes score and also doesn't exist skeleton code.
Foundational tools score decreases due to unavailability of Java, Python and Rust programming languages.
Performance score increases due to each performance matrix data is available.
Protocol Support score increased due to Email, Chat support and Ticketing System.
Third-party service score has increased due to Oracle Integration, Managed API and Cloud Provider.
Add-Ons score increased due to availability of Dao.
PERFORMANCE
PERFORMANCE
The score depicts the network's performance rating based on metrics like avg TPS, nodes, gas fees, and uptime.
PERFORMANCE
PERFORMANCE
64 nodes
1 ms
479 ms
272,087 gwei
100%
| PERFORMANCE MATRIX | VALUE | MONITORED AT |
|---|---|---|
| Gas Fee | 272,087 gwei | |
| Write Speed | 1 ms | |
| Read Speed | 479 ms | |
| Node Count | 64 nodes | |
| Reddit Total Members Online | 291 members | |
| Reddit Total Members | 38,700 members | |
| Discord Total Subscribers Online | 3,181 subscribers | |
| Discord Total Subscribers | 20,793 subscribers | |
| Telegram Err | 0 err | |
| Telegram Ppm | 0 ppm | |
| Telegram Views Per Post | 0 views | |
| Telegram Total Subscribers Online | 10,000,000,000 subscribers | |
| Telegram Total Subscribers | 24,449 subscribers | |
| Uptime Percentage | 100% |
FOUNDATION TOOLS
FOUNDATION TOOLS
The score represents the development support the protocol offers to developers in terms of tools and resources.
FOUNDATION TOOLS
FOUNDATION TOOLS
DOCUMENTATION
DOCUMENTATION
he score is derived by considering the documentation support offered by the protocol to help developers better understand the protocol's ecosystem.
DOCUMENTATION
DOCUMENTATION
Exists
Exists
Doesn't Exists
Exists
GRANT PROGRAM
GRANT PROGRAM
The score reflects the protocol's progressiveness in allocating funds to support the developers who are building on top of the blockchain.
GRANT PROGRAM
GRANT PROGRAM
N/A
N/A
ADD-ONS
ADD-ONS
The score reflects how equipped is the protocol's ecosystem with add-on tools like code editors, IDEs and security
auditing tools.
ADD-ONS
ADD-ONS
THIRD PARTY SERVICES
THIRD PARTY SERVICES
The score reflects the protocol's ability to provide third-party services such as Oracle integration, API management, and cloud services.
THIRD PARTY SERVICES
THIRD PARTY SERVICES
PROTOCOL SUPPORT
PROTOCOL SUPPORT
It reflects how well the protocol's support system works in terms of communication tools, DAO rating, development community size, and stack exchange, among other things.
PROTOCOL SUPPORT
PROTOCOL SUPPORT
ADOPTION
ADOPTION
It indicates how widely the protocol has been adopted in the industry, taking into account aspects such as the
number of developers that are using it and the number of transactional values.
ADOPTION
ADOPTION
2,592
180
1
100%
COMMUNITY
COMMUNITY
The score depicts the protocol's overall responsiveness toward its members in online communities like Discord,
Telegram, Slack, Linkedin, etc.
COMMUNITY
COMMUNITY
Overview
An efficient decentralized solution should be able to suffice three main components of blockchain technology, namely: scalability, security and decentralization; also known as the blockchain trilemma. Bitcoin for instance focuses on security and decentralization but is not preferable for fast confirmation speed to process the transactions, day-to-day asset transfer and trading.
Most importantly, the legacy financial systems whose processes take place in the back-end need fast block finality and high throughput.
To manage and monitor these problems fundamentally, Fantom is one of the robust protocols with a high-speed consensus mechanism that gives allows transactions to function at a fast speed without compromising on security and decentralization along with scalability.
About Fantom
Fantom network is a high-performance, EVM-compatible, scalable, secure and smart contract compatible platform. Its mainnet deployment, known as the Fantom Opera, is developed on the Fantom’s consensus algorithm Lachesis. This network is an asynchronous, leaderless and byzantine fault-tolerant (BFT) Layer 1 blockchain network.
It is one of the many blockchain networks designed to provide a substitute for Ethereum. Fantom aims to provide increased scalability and low transaction costs in comparison to Ethereum 1.0 iteration. One of the most unique attributes of the Fantom crypto platform is that its users can develop and deploy their independent networks by not relying completely on the Fantom’s core consensus layer. Every decentralized application built on Fantom can function on its own distinctive blockchain network.
Fantom’s architecture
Fantom has a modular architecture that gives permission for complete customization of blockchain networks in regards to the digital assets, with dynamic attributes altered as per the various use cases. It is a parent network that has various child networks within its architecture and ecosystem that hosts and regulates various dynamic dApps.
With aBFT and PoS consensus algorithm, Fantom’s operational efficiency is intact with high speed and the security also increases exponentially. It has various fundamental components like:
- Fantom mainnet: Opera
- Fantom staking
- FTM token
- fUSD stablecoin
- fSwap trading platform
- fLend liquidity pool
Fantom’s consensus algorithm
Fantom provides an increased level of security with the help of a leaderless Proof-of-Stake consensus algorithm to secure the blockchain network. It's Asynchronous BFT consensus named the Lachesis holds the potential to scale to various nodes worldwide in an open environment and permissionless way with a high level of decentralization. It does not function as per delegated Proof-of-Stake and has no such concept of any masternode on the network.
Key features of Fantom
- Open-source network
- Encourages ope-participation
- Has a network-based stablecoin: fUSD
- Smart contract capable
- Has a liquidity pool: fLend
- Modular architecture based on aBFT consensus with high scalability
Founder of Fantom
Michael Kong
Popular use cases of Fantom
- SpookySwap DEX
- ParaSwap DEX
- ChainPort cross-chain bridge
- Xpollinate cross-chain bridge