features are more interesting points than #Fantom's low gas cost and rapid transactions 🧵 ↓
True finality is the state of a transaction after it is submitted.
When a $FTM txn is submitted & seen by the network, that's it. It is final. There cannot be a chain reorg/rollback.
@AndreCronjeTech: "Results are time ordered & require no additional rounds of communication."
Why is this important?
For one: to be embraced by the mainstream, transactions need true finality. Users prefer not to wait any period of time while "confirming blocks" on their transactions.
Reorgs impact the finality of txns, which is not good for dApps UX and complicates UI.
For two: chain reorgs make it a heck of a lot tougher on developers. To build proper dApps that function as intended, less failure points is best.
Here @samwitchPS the lead smart contract dev @PaintSwap shares thoughts on the trouble with chain reorgs 👇
Have you heard about #Fantom's plan for gas subsidies?
It means: no more faucets, no more bridges, just wallets!
Let me show you examples why this development has incredible implications for dApp developers. Plus, huge potential to increase $FTM adoption 🚀
A short thread 🧵👇
#Fantom gas subsidies will allow a smart contract to provide the $FTM gas token for any user.
This is gone: send fiat to CEX, wait 3 days for arrival, worry about native bridges (or faucets), calculate gas on the main layer depending on congestion, all to get your first $FTM gas
Gas subsidy possibilities are endless & novel.
Example 1: A multiplayer gaming quest ends, the successful player now completes on-chain transaction to collect his loot. Cool, new armor! ⚔️
& the $FTM gas token for the txn was provided directly by the game's contract. Convenient
In simple terms, Gitcoin is a platform where members of the cryptocurrency community can donate to new, budding open source projects they'd like to see completed. The focus is on "public goods", which for an ecosystem can mean anything supporting growth.
In order to be eligible to earn grants, "grantees" must meet Gitcoin's general criteria (no fraud/deceit/impersonation) as well as other ecosystem program criteria.
Looking back on Main Rounds & Layer-1 Ecosystem Rounds, we get a general idea of what that criteria may look like: