Nick.ftm Profile picture
Jan 23 11 tweets 6 min read
1/11 Come with me below the surface 🧊

As promised, a short thread on exactly why Fantom's:

→ true finality
→ no segmentation
→ shared security
→ shared liquidity
→ 99.9% uptime

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 👇

Moving further down the iceberg to "No segmentation"

seg·men·ta·tion

defined: division into separate parts or sections.

Teams developing on Fantom do not need to waste effort considering what segment of network needs built themselves or built on.

The security of Fantom is combined.

Builders need not waste time or effort considering the bootstrapping of validators, ensuring value accrual, the stake of delegators.

One full validator set and no single point of failure.

6️⃣4️⃣ validators and counting: explorer.fantom.network
If your friend told you to trust him & jump off a bridge, would you?

Fantom's liquidity is shared and there are no bridges to other Fantom sub-networks to consider. No value fracture.

No extra, complicated gas tokenomics to calculate. $FTM is the one & only gas token.
Have you heard of the Lindy Effect? Every year that a technology manages to remain alive, the greater its continued life expectancy.

#Fantom is the oldest smart contract chain after Ethereum, over 4 years of operation with 99.9% uptime. 🟢
Fun #FTM trivia fact: #Fantom has been emitting blocks since 27 Dec '19.

There is a greater than 99.9% chance it will emit blocks tomorrow. And the next day. And the day after that.

If you've been around long enough, you know uptime isn't something u can always take for granted
Most following $FTM know the current roadmap focuses on the Fantom Virtual Machine (#FVM) which includes significant upgrades like:

• super instruction sets
• dynamic translation
• parallel execution
• flat storage
• data locality

But... What about zero-knowledge?
Yes, in fact, zk is already on the cards.

This is diving much deeper below the iceberg now 🔦 @AndreCronjeTech explains the infinitely exciting roadmap ahead 💫

Give it read: andrecronje.medium.com/fantom-envisio…

Until next time! 💙

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More from @Nick_SR5

Oct 3, 2022
What does @Gitcoin on #Fantom really mean??

This thread explores Gitcoin, quadratic funding, and what it might entail for the incentive program coming to @FantomFDN

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.

gitcoin.co/grants/explore…
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:
Read 15 tweets

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