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Fantom Foundation unveils upgraded main network with faster transaction processing

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On March 7, the Fantom Foundation announced the release of a new version of the Fantom main network (go-opera version 1.1.2-rc.5), which includes significant i…

Fantom Foundation unveils upgraded main network with faster transaction processing

On March 7, the Fantom Foundation announced the release of a new version of the Fantom main network (go-opera version 1.1.2-rc.5), which includes significant improvements in P2P and event/block processing, reducing the event/block processing time by about 30%; The processing speed of Genesis file is up to 3 times faster (except archive Genesis file).

The new version of Fantom’s main network reduces the processing time of event blocks by about 30%

Interpretation of the news:


The Fantom Foundation has released an upgraded version of its main network, which includes significant improvements in P2P and event/block processing, reducing the event/block processing time by around 30%. The upgraded network, dubbed go-opera version 1.1.2-rc.5, also promises to increase the processing speed of Genesis files by up to three times, except for archive Genesis files.

The Fantom main network is a DAG-based platform that enables secure, fast, and scalable smart contracts and decentralized applications (dApps). The network leverages Directed Acyclic Graph (DAG) technology to overcome scalability limitations and provide millisecond-level transaction processing speeds. The platform also employs a consensus algorithm called Lachesis, which allows for high throughput and low latency consensus.

The release of the upgraded main network aims to further enhance the network’s capabilities and improve the user experience. The improved P2P and event/block processing is expected to speed up the validation and confirmation of transactions, making the network more efficient and reliable. The faster processing time for Genesis files, on the other hand, is expected to improve the performance of dApps that rely on large data sets.

The Fantom Foundation has been making significant strides in developing its main network and expanding its ecosystem. The platform has already onboarded several partners and developers, including DeFi projects, dApp developers, and liquidity providers. The network also recently announced a strategic partnership with Binance Smart Chain, which aims to enable seamless interoperability between the two platforms.

The release of the upgraded main network is a testament to the Fantom Foundation’s commitment to continued innovation and improvement. The platform’s use of DAG technology and Lachesis consensus algorithm positions it as a promising contender in the highly competitive blockchain space. The upgraded network’s faster transaction processing, improved event/block processing, and faster processing of Genesis files are expected to attract more users and developers to the platform and accelerate its growth.

In conclusion, the release of the Fantom Foundation’s upgraded main network with faster transaction processing is a significant milestone in the platform’s development. The improved P2P and event/block processing, as well as the faster processing of Genesis files, are expected to boost the network’s performance and attract more users and developers. The Fantom Foundation’s commitment to innovation and improvement bodes well for the future of the platform and the broader blockchain ecosystem.

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