1/n In 2021, $FTM achieved incredible growth across all key metrics. I expect this growth to continue, with Fantom positioned as one of the most exciting base layers heading into 2022.
Here's why it should be on everyone's list of key projects to watch:
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2/n Technology: Consensus
- $FTM employs a DAG based (Directed Acyclic Graph) aBFT (Asynchronous Byzantine Fault Tolerant) consensus mechanism called Lachesis, secured by Proof of Stake
- This allows for an extremely efficient, scalable, and low cost method of validating trxs
3/n Technology (Lachesis cont.)
- Transactions are confirmed nearly instantly (within 1 second now, and soon faster). Finality is deterministic (vs. probabilistic as with Nakamoto Consensus used by ETH and BTC)
1/n Last week @MoonbeamNetwork won the 2nd parachain slot auction and will soon be connecting to the @Polkadot relaychain. Here's why it's a big deal
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2/n As a refresher, parachains are the Layer 1 blockchains built on top of the Layer 0 @Polkadot relaychain.
Kusama (Polkadot's canary/beta network) has the same architecture
3/n One of the special properties of Polkadot/Kusama's architecture and the Substrate development framework is that it allows for purpose-built chains to be created, each designed specifically for a particular use case or application
1/n Fundamental Fridays. Starting something new here! Every week I will write about a project that has a unique fundamental and a potent growth story. This week it's @MIM_Spell $SPELL
2/n @MIM_Spell is a decentralized stablecoin project where users can collateralize yield generating / productive assets (eg. yvUSDT, yvcrvIB, xSUSHI, etc) and mint a stablecoin $MIM (Magic Internet Money).
3/n $SPELL is unique in that it has the widest selection of productive assets available as collateral types and lower rates than other borrow lends (because there is no lender capital required as $MIM is minted backed by collateral).
1/n Excited to announce @coinfund_io's investment in @biconomy as part of their $9MM raise! The Biconomy team, led by @AraBalaghi, is one of the most long-term focused, execution oriented, and overall talented teams in crypto and we are thrilled to be supporting their growth!
2/n @biconomy has built crucial middleware for the blockchain stack to eliminate many of the frictions users face when transacting today. Current crypto applications and use cases are largely geared towards early adopters with technology backgrounds.
3/n Many elements of the crypto user experience are complicated and/or expensive. In order to bring on the next wave of mainstream retail users to interact directly with decentralized applications, solutions are needed to fill these UX gaps.
1/n Crypto fundamental analysis is still nascent. Many investors who are new to #crypto this bull cycle don't know where to go to track the real and meaningful traction across #DeFi, #NFTs, new base layers, and elsewhere. So instead, price becomes a proxy for fundamental value.
2/n New retail investors line up to buy as prices go up, because it must mean core fundamentals have improved. When prices decline, new investors either sell or don't seize the opportunity to buy the dip because they believe something negative must have happened to fundamentals.
3/n This disconnect ends up further magnifying price moves to the upside and the downside and is a driver of increased volatility.