Fantom is the fastest blockchain on the market as of late with less than 1-second transactions thanks to the latest Go-Opera rollout, as the most significant network upgrade yet so let’s read more in our latest blockchain news today.
Fantom provides a high-performance solution to the limitations of other blockchain platforms that specialize in providing a faster transaction speed and lower transaction fees as well. With the latest network upgrade, Fantom is the fastest blockchain on the market in terms of transaction speeds. Fantom is a layer-1 platform that is built on permissionless a BFT consensus protocol which ensures that the blockchain has a huge shot of decentralization, scalability, and security to rival the likes of other banking institutions. Some of the key defining features include speed, transaction of 1 to 2 seconds, and going into sub-seconds with the new upgrade.
With the Go-Opera upgrade, Fantom becomes one of the fastest blockchains with 1 second transactions.
The network activity exploded as more users and projects come to Fantom.
In the last month only, 20,000 new mainnet wallets were created.https://t.co/srG06xDtnG
— Fantom Foundation (@FantomFDN) April 26, 2021
Fantom is EVM compatible to meet the ultimate industry standards so the developers were able to instantly deploy Solidity and Vyper smart contracts as the same way they will on Ethereum with the tools that they are used to faster speeds even. Fantom prides itself on the low fees as the transaction fees usually cost no more than a fraction of a cent so it is asynchronous and allows the users to process commands at different times. Fantom is secure and can support one-third of the faulty nodes with no particular participant as a leader in the leaderless PoS protocol.
With the brand new Go-Opera network upgrade, they completely rewrote a few aspects of the codebase for the ultimate optimization in fast transaction speeds. The average time to finality is about 1 second while P2P synchronization is 3 times faster and the new nodes joined the network which is more efficiently synchronized. Emission of events is faster as well with about two times fewer events per frame. The Emission is efficient even within faulty network conditions so to order and set up a few nodes following migration, the node operators will download the file and not need to process events before it.
Major traction on Fantom!
attracted many new users to Fantom, enjoying instant transactions and quasi-zero fees.
Network activity spiked yesterday with 160k txs and 5300 new wallets. https://t.co/yyHZ75OHN7
— Fantom Foundation (@FantomFDN) April 27, 2021
When it comes to the future, Fantom still has plans on hour-long migration calls. After the migration, Fantom users will benefit from the lowest confirmation times that are available and have faster routes to claiming the staking rewards to the rightful owner.
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