Solana has the fastest transaction time in crypto with 40-milliseconds, making it faster than both NEAR and Fantom (5x of NEAR and 60x of Fantom). Solana’s fees are also comparable to NEAR’s, while Fantom has the highest fees at 1.5 cents on average.
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Is Fantom better than Ethereum?
Fantom reduces gas fees for both developers and users. Gas fees are the cost of paying network nodes to conduct transactions and execute smart contracts. Comparingly, Fantom users pay much lower fees than Ethereum due to the network’s consensus mechanisms and structure.
Who are Fantom competitors?
Fantom’s main competitors are Ethereum and Ethereum alternatives, such as Cardano, Avalanche and Solana. These are all blockchains that allow users to deploy decentralized applications.
Why is Fantom the best?
The greatest difference between Fantom and the other projects is, that on Fantom a new blockchain is created for each deployed smart contract. This means the workload gets spread between the blockchains and enhances scalability. These blockchains are all connected and use the same consensus model.
Is FTM a good investment?
Is Fantom a good project?
Yes. Fantom Network is safe as it uses a bespoke variety of proof-of-stake algorithm to provide services and secure its network. FTM is also used as a governance token.
