The fastest blockchain platform, Fantom, has already exceeded the 3 million transaction mark, surpassing users’ and investors’ expectations.
Since its introduction, the platform, with its lightning network and low transaction fees, has been on a roll in surpassing what was expected of it. In fact, more users have been utilizing the platform because of its innovative technology that allows users to complete their transactions instantly at nearly zero cost.
Meanwhile, the milestone came after Fantom’s recent successful network upgrade. The improvement reportedly optimized user experience through maximizing transaction speed and efficiency, ensuring that they could be finished within one second.
Addressing the common problem
The cryptocurrency community is now aware that the current popular blockchain technologies can be outdated, with subpar transaction speeds and network congestion. Fantom entered the fold promising it can resolve such issues, and through its upgrade, it has delivered its promise.
The permission-less aBFT consensus protocol of Fantom assures decentralization, scalability, and security with very minimal fees. The EVM compatibility allows users to use the same address they used on Ethereum and have access to the same tools while processing transactions at much faster speeds and lower costs.
A solid backing and support in its corner
In being low-cost and time-efficient, the platform has gained quite a number of supporters as well as allies. Among these supporters is Quantum Fintech Group’s Harry Yeh.
Quantum and Fantom have partnered in sponsoring Scuderia Alpha Tauri driver Pierre Gaslty for the 2021 Formula One season.
The move was key for the platform to promote brand awareness on a larger scale, and it also provides an opportunity for a large future payoff because of the immense amount of coverage of the racing season.
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Source: https://bitcoinerx.com/blockchain/fantom-blockchain-networks-break-the-3-million-transaction-mark/
