One of the highlights in any developer’s calendar is the developers’ conference in Abu Dhabi earlier this Autumn. This year it was held at the luxurious Emirates Palace and in the past has attracted such luminaries as Ethereum’s Vitalik Buterin and crypto pioneer Nick Spanos. As a renowned global centre for innovation and investment opportunity, Abu Dhabi proved to be a fitting setting for this first annual Fantom Developer Conference.
This year, attendees were treated to a host of top-named keynote speakers including Roger Ver, founder of bitcoin.com, and Harry Yeh, Managing Director of the Quantum Fintech Group.
The Quantum Fintech Group has become the most-trusted cryptocurrency fund for investors of a high-net worth nature and an ecosystem fund focused on FANTOM
At the Fantom Developer Conference, Harry Yeh laid out the need for Fantom and described its place in the fast-changing world of blockchain and cryptocurrency.
Fantom is a high-performance, highly scalable, and very secure smart contract platform that has been designed to overcome the limitations that have plagued previous blockchain platforms.
Fantom has been built to solve the issues that are commonly known as the Blockchain Trilemma – that is scalability, security, and decentralization. Fantom solves these key but common problems with a high-speed aBFT ‘asynchronous byzantine fault tolerance’ consensus algorithm called Lachesis.
Lachesis enables Fantom to operate at a far higher rate of speed without security or decentralization being sacrificed.
The growing number of users of the Fantom ecosystem fueled by the native $FTM token, get to enjoy almost instant transactions and extremely low fees.
And it is not just the number of users that is growing. Fantom is experiencing a sharp rise in the number of developers choosing the Fantom blockchain technology. At present, there are more than 80 dApps already deployed on Fantom with developers making good use of the support of the EVM and the ability to deploy dApps just like on Ethereum at a fraction of a cost and experiment with Fantom’s high performance.
The modularity of Fantom means that it can be plugged into any distributed ledger and Fantom code is completely open source. Anyone can read it, check on the progress, comment on it, and help build the Fantom ecosystem.
You can see more of what Harry Yeh says about Fantom here –
Or you can check out Harry Yeh’s Twitter feed here:
never heard of Harry Yeh