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 👇
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: