moonduck15L1 DOT Polkadot
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
moonduck15L1 ATOM Cosmos
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
moonduck15L1 CELO Celo
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
wagmi Investor Technologist @moonduck15
moonduck15L1 DOT Polkadot
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
moonduck15L1 ATOM Cosmos
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
moonduck15L1 CELO Celo
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS impl...
wagmi Investor Technologist @moonduck15
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A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint
I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS implies the coin or token and AXS implies the foundation/DAO/founders as appropriate
Status : DRAFT
Basics
Price Action
Stats and Links
Highlight Pro and Con
Technology
Apps Ecosystem
Funds and Promotions
Readings
Fantom ($FTM ) originated as an idea between Dr. Ahn Byung Ik, Digital Currency Holdings, and Fantom advisor Matthew Hur.The only original team member left in Fantom is Michael Kong. Kong serves as the CEO and CIO of the Fantom Foundation, a non-profit based in the Cayman Islands, which coordinates the development of Fantom. Primary team is in Seoul, Korea and has collaboration with Yonsei University.
The Fantom Foundation has more focus on expansion into Asia and lets institutional partners leverage permissioned versions of Fantom’s technology provided by the Fantom Foundation's enterprise arm,( common for Government projects by most block chain) .
Fantom gained recognition because of its connection to DeFi architect Andre Cronje, who created Yearn finance. Michael recruited Andre in late 2018 to develop Fantom, though Andre stepped back to become an advisor to Fantom in 2019. He recently returned to serve as one of Fantom’s core developers.
The Fantom Foundation has turned its focus towards DeFi use cases with the help of Yearn Finance founder Andre Cronje, who serves as a technical advisor to Fantom. Andre has advised and helped promote Fantom's multi-chain efforts, such as the launch of Fantom's bridge to Ethereum, integration with Anyswap ( $ANY going to $MULTI) permits swaps between tokens of different chains and has captured almost 47% of all TVL on Fantom. In Jan 2022 the buzz was around launch of Solid Swap (maybe Solidly) with FrogNation using ve(3,3 ) game theory incentives
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using Lachesis protocol using Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism.
Daily transactions increased by 18,650 to 850k daily tx now. Unique addresses grew from 5,000 to 1,600,000. 1,000-10,000 tps, TTF ~1s and cost about $0.001
141,213% Return from 2021 low to high.
0.01677USD (Jan 1) - 2.2597USD ( Dec 31) for 13,371.26% return in 2021
Social Stats: 31K+ Reddit 350K+ Twitter 29K+ Telegram
Links Website Whitepaper Twitter Medium Blog Github Youtube Explorer
Rapid growth of apps . 3rd largest TVL chain
Fast with DAG (Directed acyclic graph)
parallel processing of messages in sub DAG
EVM compatibility added. May move to modular chain
Heavy promotion by FrogNation Wonderland has run into some infamy.
Development team in Seoul may have been stretched with current growth.
Price slump in March 2022 on departure of star developer
Fantom’s (FTM) fast, scalable platform for decentralized applications (dApps) draws its speed from a unique consensus mechanism called Lachesis. Fantom also offers tools that make it easy to integrate existing dApps, a nuanced system of staking rewards, and a suite of built-in decentralized finance (DeFi) tools. The short version, Fantom, is the world’s first Directed Acyclic Graph (DAG) based smart contract.
Fantom intends to provide more scalability and lower costs than the legacy first-mover smart contract platform is able to provide in its Ethereum 1.0 iteration. Fantom’s infrastructure is tied together through its Lachesis consensus engine (or Lachesis protocol) using Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism. Lachesis’s event structure is a DAG of events. To optimize storage and retrieval, the DAG is separated into sub-DAGs, each of them is called an epoch. Each epoch comprises many finalized blocks. Epochs are around 4 minutes in Q4 2021.Each event includes the hash of the previous epoch
At the beginning of each epoch, validators group for the epoch are decided and their stakes are fixed for the entire epoch. When an epoch gets sealed, a new validators group will be calculated based on the validators list given at the end of the sealed epoch.If a validator is found as a cheater, the validator will receive an economic penalty, immediately after the first block observing the fork. The epoch is sealed in the block, so cheater is pruned from the validators group right away.
No "longest chain rule"
Unlike blockchains (with consensuses like PoW, round-robin PoS or coinage-based PoS), Lachesis stores and connects all the fork events, because they are valid BFT consensus messages, which contain information about misbehaving. When a fork event is connected, Lachesis node doesn't "choose" only one "branch", it continues to normally store and process the whole graph of BFT consensus messages.
In classical BFT all messages between nodes to decide on a consensus must be delivered in some amount of time and the network will not proceed to reach a consensus until all messages have been received. aBFT, on the other hand, completely eliminates this assumption. It allows for messages to be lost or indefinitely delayed which subsequently results in a faster network. Therefore, as soon as the 2/3 honest nodes lower bound has been achieved, aBFT networks will proceed with consensus regardless if all messages have been received or not - a significantly faster process. As a plus, security also becomes enhanced because aBFT networks do not need to rely on an independent, leader node, like Classical or Nakamoto Consensus, for block creation and finalization.
The Lachesis consensus will result into the exact same blocks regardless of fork events, unless more than 1/3W are Byzantine.When a fork pair gets confirmed, the validator gets a penalty.
Lachesis has four key qualities:
Asynchronous: Participants have the freedom to process commands at different times
Leaderless: No participant plays a “special” role in block production. Forks are handled by penalty but all messages are used to form the graph.
Byzantine Fault-Tolerant: Supports one-third of faulty nodes
Near-Instant Finality: Transactions are confirmed in 1-2 seconds.
The Fantom ecosystem may eventually consist of multiple blockchain layers with Lachesis at the core. The first additional layer within Fantom was Opera, an EVM-compatible smart contract platform ( default go-ethereum VM implementation) that launched in December 2019. Opera is a Proof-of-Stake (PoS) layer whose validator set uses Lachesis to validate transactions and produce new blocks. It now features several decentralized finance (DeFi) applications, including SushiSwap and Curve. Fantom announced that it would with Binance Chain to improve interoperability through the creation of a multi-asset and cross-chain ecosystem with BEP-2 .
Support ERC20 Tokens fBTC, fETH, wBTC , CRV, LINK etc. Scala based smart contract was used in past but now solidity code with go-ETH . Planned Fantom Virtual Machine in 2022.
Any decision regarding the network is carried out by on-chain governance where stakers can propose and vote for changes and improvements
80+ dApps already deployed on Fantom. Yearn, Curve, Anyswap ($ANY going to $MULTI) . Native apps SpookySwap, Geist Finance. planned Artion v2 (NFTs), - AAVE $FTM integration, Fantom Name Service.
https://twitter.com/Coin98Analytics/status/1478405774946697217?s=20
Value locked into Fantom is spread across 129 applications. However, only 26 protocols hold more than $100 million in assets. Just under half of Fantom’s TVL (47%) is deposited into Multichain, and another $4 billion+ is locked into OxDAO.
Fantom Network's DeFi Ecosystem Is Now Crypto's Third-Largest (Jan 22, 2022) . Fantom has flipped the Binance Smart Chain to become the third-largest DeFi protocol in terms of total value locked.
FTM’s total supply across all chains is 3.175 billion.The entirety of the supply, including staking rewards, was minted at launch . 40% Public and Private Sale investors, 31,4% Staking rewards, 25% Founding team and advisors, 3.6% reserves.
Funding:
According to current data from Crunchbase, the Fantom Foundation has been funded by a total of 12 investors, and raised $40M over two venture capital rounds. Their investor network includes firms such as Signum Capital, Obsidian Capital, 8 Decimal Capital, and DHVC. Almeda ( SBF ) invested 35 Million and will run a validator node.
Promotion
https://www.fantom.foundation/blog/fantom-incentive-program-how-to-apply/
Reading
A long candid interview with Andre Cronje with deep insights to the Fantom Devlopment team and process
https://academy.shrimpy.io/crypto-leaders/andre-cronje
https://thedefiant.io/frog-nation-wonderland-fate/
Fantom: an inside financial peek at being a “crypto company”
Fantom earns 10 Million + and has 300 Mill corpus to survive the bear market : Andre Cronji Nov 2022
A cheat sheet to illustrate details on Investors checklist for Blockchains . Data or stats are not authoritative and picked from scans of tweets, discord , telegram reddit etc 2021 Q4 and some references are provided. In case of any misses do let me know and I will update. These notes are more on under-the-hood engineering look. A separate article will cover the business development viewpoint
I use the trading ticker rather then name and for example for Axie Infinity blockchain game $AXS implies the coin or token and AXS implies the foundation/DAO/founders as appropriate
Status : DRAFT
Basics
Price Action
Stats and Links
Highlight Pro and Con
Technology
Apps Ecosystem
Funds and Promotions
Readings
Fantom ($FTM ) originated as an idea between Dr. Ahn Byung Ik, Digital Currency Holdings, and Fantom advisor Matthew Hur.The only original team member left in Fantom is Michael Kong. Kong serves as the CEO and CIO of the Fantom Foundation, a non-profit based in the Cayman Islands, which coordinates the development of Fantom. Primary team is in Seoul, Korea and has collaboration with Yonsei University.
The Fantom Foundation has more focus on expansion into Asia and lets institutional partners leverage permissioned versions of Fantom’s technology provided by the Fantom Foundation's enterprise arm,( common for Government projects by most block chain) .
Fantom gained recognition because of its connection to DeFi architect Andre Cronje, who created Yearn finance. Michael recruited Andre in late 2018 to develop Fantom, though Andre stepped back to become an advisor to Fantom in 2019. He recently returned to serve as one of Fantom’s core developers.
The Fantom Foundation has turned its focus towards DeFi use cases with the help of Yearn Finance founder Andre Cronje, who serves as a technical advisor to Fantom. Andre has advised and helped promote Fantom's multi-chain efforts, such as the launch of Fantom's bridge to Ethereum, integration with Anyswap ( $ANY going to $MULTI) permits swaps between tokens of different chains and has captured almost 47% of all TVL on Fantom. In Jan 2022 the buzz was around launch of Solid Swap (maybe Solidly) with FrogNation using ve(3,3 ) game theory incentives
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using Lachesis protocol using Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism.
Daily transactions increased by 18,650 to 850k daily tx now. Unique addresses grew from 5,000 to 1,600,000. 1,000-10,000 tps, TTF ~1s and cost about $0.001
141,213% Return from 2021 low to high.
0.01677USD (Jan 1) - 2.2597USD ( Dec 31) for 13,371.26% return in 2021
Social Stats: 31K+ Reddit 350K+ Twitter 29K+ Telegram
Links Website Whitepaper Twitter Medium Blog Github Youtube Explorer
Rapid growth of apps . 3rd largest TVL chain
Fast with DAG (Directed acyclic graph)
parallel processing of messages in sub DAG
EVM compatibility added. May move to modular chain
Heavy promotion by FrogNation Wonderland has run into some infamy.
Development team in Seoul may have been stretched with current growth.
Price slump in March 2022 on departure of star developer
Fantom’s (FTM) fast, scalable platform for decentralized applications (dApps) draws its speed from a unique consensus mechanism called Lachesis. Fantom also offers tools that make it easy to integrate existing dApps, a nuanced system of staking rewards, and a suite of built-in decentralized finance (DeFi) tools. The short version, Fantom, is the world’s first Directed Acyclic Graph (DAG) based smart contract.
Fantom intends to provide more scalability and lower costs than the legacy first-mover smart contract platform is able to provide in its Ethereum 1.0 iteration. Fantom’s infrastructure is tied together through its Lachesis consensus engine (or Lachesis protocol) using Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism. Lachesis’s event structure is a DAG of events. To optimize storage and retrieval, the DAG is separated into sub-DAGs, each of them is called an epoch. Each epoch comprises many finalized blocks. Epochs are around 4 minutes in Q4 2021.Each event includes the hash of the previous epoch
At the beginning of each epoch, validators group for the epoch are decided and their stakes are fixed for the entire epoch. When an epoch gets sealed, a new validators group will be calculated based on the validators list given at the end of the sealed epoch.If a validator is found as a cheater, the validator will receive an economic penalty, immediately after the first block observing the fork. The epoch is sealed in the block, so cheater is pruned from the validators group right away.
No "longest chain rule"
Unlike blockchains (with consensuses like PoW, round-robin PoS or coinage-based PoS), Lachesis stores and connects all the fork events, because they are valid BFT consensus messages, which contain information about misbehaving. When a fork event is connected, Lachesis node doesn't "choose" only one "branch", it continues to normally store and process the whole graph of BFT consensus messages.
In classical BFT all messages between nodes to decide on a consensus must be delivered in some amount of time and the network will not proceed to reach a consensus until all messages have been received. aBFT, on the other hand, completely eliminates this assumption. It allows for messages to be lost or indefinitely delayed which subsequently results in a faster network. Therefore, as soon as the 2/3 honest nodes lower bound has been achieved, aBFT networks will proceed with consensus regardless if all messages have been received or not - a significantly faster process. As a plus, security also becomes enhanced because aBFT networks do not need to rely on an independent, leader node, like Classical or Nakamoto Consensus, for block creation and finalization.
The Lachesis consensus will result into the exact same blocks regardless of fork events, unless more than 1/3W are Byzantine.When a fork pair gets confirmed, the validator gets a penalty.
Lachesis has four key qualities:
Asynchronous: Participants have the freedom to process commands at different times
Leaderless: No participant plays a “special” role in block production. Forks are handled by penalty but all messages are used to form the graph.
Byzantine Fault-Tolerant: Supports one-third of faulty nodes
Near-Instant Finality: Transactions are confirmed in 1-2 seconds.
The Fantom ecosystem may eventually consist of multiple blockchain layers with Lachesis at the core. The first additional layer within Fantom was Opera, an EVM-compatible smart contract platform ( default go-ethereum VM implementation) that launched in December 2019. Opera is a Proof-of-Stake (PoS) layer whose validator set uses Lachesis to validate transactions and produce new blocks. It now features several decentralized finance (DeFi) applications, including SushiSwap and Curve. Fantom announced that it would with Binance Chain to improve interoperability through the creation of a multi-asset and cross-chain ecosystem with BEP-2 .
Support ERC20 Tokens fBTC, fETH, wBTC , CRV, LINK etc. Scala based smart contract was used in past but now solidity code with go-ETH . Planned Fantom Virtual Machine in 2022.
Any decision regarding the network is carried out by on-chain governance where stakers can propose and vote for changes and improvements
80+ dApps already deployed on Fantom. Yearn, Curve, Anyswap ($ANY going to $MULTI) . Native apps SpookySwap, Geist Finance. planned Artion v2 (NFTs), - AAVE $FTM integration, Fantom Name Service.
https://twitter.com/Coin98Analytics/status/1478405774946697217?s=20
Value locked into Fantom is spread across 129 applications. However, only 26 protocols hold more than $100 million in assets. Just under half of Fantom’s TVL (47%) is deposited into Multichain, and another $4 billion+ is locked into OxDAO.
Fantom Network's DeFi Ecosystem Is Now Crypto's Third-Largest (Jan 22, 2022) . Fantom has flipped the Binance Smart Chain to become the third-largest DeFi protocol in terms of total value locked.
FTM’s total supply across all chains is 3.175 billion.The entirety of the supply, including staking rewards, was minted at launch . 40% Public and Private Sale investors, 31,4% Staking rewards, 25% Founding team and advisors, 3.6% reserves.
Funding:
According to current data from Crunchbase, the Fantom Foundation has been funded by a total of 12 investors, and raised $40M over two venture capital rounds. Their investor network includes firms such as Signum Capital, Obsidian Capital, 8 Decimal Capital, and DHVC. Almeda ( SBF ) invested 35 Million and will run a validator node.
Promotion
https://www.fantom.foundation/blog/fantom-incentive-program-how-to-apply/
Reading
A long candid interview with Andre Cronje with deep insights to the Fantom Devlopment team and process
https://academy.shrimpy.io/crypto-leaders/andre-cronje
https://thedefiant.io/frog-nation-wonderland-fate/
Fantom: an inside financial peek at being a “crypto company”
Fantom earns 10 Million + and has 300 Mill corpus to survive the bear market : Andre Cronji Nov 2022
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