Fantom Foundation Continues to Attract Big Investors - HyperChain Capital Invests an Additional $15 Million
Sydney, Australia, April 28, 2021 (GLOBE NEWSWIRE) -- Since it’s foundation, top investor Hyperchain Capital has been one of Fantom’s biggest supporters, becoming one of the first large-scale investors in 2018.
This cross-chain interoperability is precisely what makes Fantom so exceptionally flexible. Developers can port their existing Ethereum-based apps on Fantom Opera mainnet in a matter of minutes, substantially upgrading the performance and lowering costs.
For example, using the platform, transactions are completed within 1 second, cost only a fraction of a cent, and the platform is EVM compatible with developers having the ability to deploy smart contracts just like on Ethereum.
Fantom doesn’t just provide users the ability to exchange digital currencies either. The platform also gives users the ability to build applications to securely send payments, store sensitive information, such as medical records, track supply chain and infinite other possible use cases.
As well as being such a step forward, Fantom is also completely open-source, with the company committed to creating building blocks for anyone to use and customize to their needs. Fantom relentlessly aims for high transparency in it’s work. Based on those principles, the system’s code is open-source and available on Github.
Fantom recently rolled out Go-Opera, a large-scale update to the platform which is resulting in some of the fastest TTF (time to finality) in the business, averaging around 1 second.
Go-Opera also sees changes to other aspects of the blockchain also, with P2P synchronization now three times faster, as well as new nodes joining the network that are synchronized far more efficiently.
Looking towards the future, the group says they are dedicated to maintaining their position as the one of the fastest, transparent and most secure blockchain platforms in the industry, looking at further developments to ensure the group remains ahead of the game.
For more information on the platform, visit https://fantom.foundation/