Fantom Price(FTM)

Key Points:Fantom Mainnet has released a new upgrade, go-opera version 1.1.2-rc.5, bringing significant improvements such as batched genesis blocks processing, configurable DBs management, and parallel EVM logs search.The upgrade includes security improvements for the Opera node, such as restricting P2P connections to given IPs, forbidding unlocking accounts when external RPC is enabled, and stricter conditions for starting LLR and txpool syncing.Fantom Mainnet, a high-performance, scalable, and secure smart-contract platform has announced a new release, go-opera version 1.1.2-rc.5. The upgrade brings several significant improvements, including batched genesis blocks processing, configurable DBs management, parallel EVM logs search, and optimizations in P2P protocol.One of the key highlights of the upgrade is the improvement in P2P and events/blocks processing, resulting in an approximately 30% improvement in events/blocks processing time. Additionally, the processing time for genesis file has improved up to three times faster, while each log search should take only 1/5 of the time it took before.The upgrade also includes security improvements for the Opera node, such as stricter conditions for starting LLR and txpool syncing, restricting P2P connections to given IPs, and forbidding unlocking accounts when external RPC is enabled.Furthermore, the database layer has been tweaked, making it possible to integrate multiple data store types (LevelDB and PebbleDB), and DB management is now configurable and based on specified rules. The upgrade also supports DBs batching for genesis processing and desynchronizing data flushing.For non-critical nodes, users can choose to use either –db.preset ldb-1, which will sync faster but may respond slower on multiple parallel API queries, or –db.preset pbl-1, which will sync longer but have a more stable API response time. It is important to note that if you don’t migrate an existing DB, the –db.migration.mode flag is not needed. This flag is required only if the datadir is migrated for the first time.Overall, the go-opera 1.1.2-rc.5 upgrade brings a range of significant benefits to Fantom’s mainnet, including faster processing times, improved database management, and enhanced security. More information about the release can be found in the release note.DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuThanaCoincu News

Key Points:Gas monetization, which would enable revenue sharing for DApps is a crucial component of Cronje’s 2023 Fantom plan.Cronje intends to concentrate on creating the Fantom Virtual Machine and a new storage mechanism in terms of future innovations.In a recent Medium article published on December 26, decentralized finance architect Andre Cronje restated the Fantom ecosystem’s aims and ambitions for 2023.Cronje, who previously developed protocols including Yearn.finance and Keep3rV1, also said that he took a position on the boards of both Fantom Foundation Ltd and Fantom Operations Ltd, which manage the ecosystem for the named directed acrylic graph. Our overarching objective over the next 12 months will be towards creating an environment for dapp developers to build out sustainable businesses, while differentiating ourselves from other layer 1 solutions. Gas monetization, which would enable revenue sharing for decentralized apps, or DApps, as a development incentive, is a crucial component of Cronje’s 2023 Fantom plan. Additionally, using gas subsidies, Fantom DApps might communicate without a wallet being required to cover the gas costs on its own. Users are not required to have or be aware of FTM during onboarding, according to Cronje.The distinction between smart contracts and externally held accounts will be eliminated as part of the “gas reform” process so that anybody may start a transaction and pay for gas. On the protocol, other tokens besides FTM would also be acceptable for usage as gas costs.Cronje intends to concentrate on creating the Fantom Virtual Machine and a new storage mechanism in terms of future innovations. Cronje wrote on the protocol’s financial administration as follows:As has been communicated publicly, we are in a very sustainable and healthy position given the current economic climate, and especially compared to 2018. This is finally one threat to our existence we do not have to be too concerned about.As Coincu reported, its community has advocated reducing the protocol’s existing FTM token burn rate from 20% to 5% to fund this initiative. New governance proposal: dApp Gas Monetization ProgramThis gas monetization program will seek to reward high-quality dApps, retain talented creators, and support #Fantom’s network infrastructure.Read the full detailshttps://t.co/GVBAWXqXBO— Fantom Foundation (@FantomFDN) December 1, 2022

The Fantom Foundation announced via a blog post on Tuesday that it has integrated with Blockpit, a leading cryptocurrency tax platform. Blockpit’s mission is to provide everyone with a simple tool to do their taxes. Blockpit now enables Fantom users to effortlessly sync all of their Fantom transactions by simply entering their wallet addresses. Blockpit’s crypto tax application supports liquidity mining, staking, NFTs, and other on-chain activities, Fantom added. With just a few clicks, Fantom users can create a comprehensive tax report that includes capital gains, income, holdings and other statements.Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Fantom’s FTM coin is up by 5.2% in the last 24 hours and is currently trading at $0.2481.