FANTOM💥: Pros and Cons

Let’s look at pros and cons of the fifth blockchain, according to the article of our friends HASHED Media about Pro and Cons of 7 Blockchains For NFT And GameFi Projects.

FANTOM💥

Fantom is an ambitious project which aims to create a smart contract platform that will serve as a “nervous system” for smart cities. Fantom uses distributed ledger technology stack to power smart cities along with all the services contained in them.

Pros:

📍After Fantom’s launch, it immediately attracted the attention of fundamental analysts and investors

📍Fantom combines the best features of a variety of standalone projects and uses them to build an impressive platform

📍FTM is like other projects and can be used for staking, governance, and paying of fees on the platform

📍The project has shown increasing abilities to network solutions

📍Fantom has a dedicated, professional team behind it

Cons:

📍There is a significant amount of competition between Fantom and competitors such as Ethereum, NEO, Hashgraph, and others

📍The Internet of Things (IoT) is a new industry that is still in its initial phases, which means that use cases for Fantom may be delayed

Transaction Fees

Type of fee — Information

Withdrawal Fees — 16 FTM

HASHED Media link to the article

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Website Battle NFT

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