Was Opera Chain, The Catalyst Fantom Needed? Can It Reach $1?
The post Was Opera Chain, The Catalyst Fantom Needed? Can It Reach $1? appeared on BitcoinEthereumNews.com.
Fantom’s sudden increase in value could be attributed to tangible improvements made to its network infrastructure. The platform has been actively improving to increase the network’s scalability. On May 14, Fantom unveiled the Opera Upgrade Dashboard, to support validators as they upgrade their nodes to utilize Sonic tech. 🖥️ Introducing: Opera Upgrade Dashboard! Starting today, validators on Opera are upgrading their nodes to be powered by our innovative Sonic tech. Follow the real-time progress of the upgrade using our new dashboard 👇https://t.co/GAobwXWRHJ pic.twitter.com/oYFRu4vhu6 — Fantom Foundation (@FantomFDN) May 14, 2024 One of Fantom‘s main goals for 2024 is to enhance the Opera chain using the latest Sonic technology. This enhancement seems to be focused around on enhancing the network’s scalability with the two new features: the Fantom Virtual Machine (FVM) and a new storage system for Fantom’s Opera chain. Above all, the goal of this upgrade happens to be to elevate Fantom to become one of the most efficient and highest-performing monolithic blockchains. Furthermore, on May 17th, the Fantom CEO, Michael Kong, tweeted about the upgrade progress. The image shared by its CEO displayed that was a 23.64% progress. Patience is a virtue. pic.twitter.com/7gaqTn3hHM — Michael Kong (@michaelfkong) May 16, 2024 Furthermore, the number of nodes that have been upgraded to Opera so far is 21 from a total of 60 nodes. Additionally, the total staked quantity over opera was 1.328 billion FTM’s and 2/3 staking power stated of 885.9 Million. X Platform Showcases Optimism for Fantom Simone Pomposi tweeted on X with a small video clip, which showed the entire transaction happening with lightning-fast speed; transactions look like pretty much instant on Fantom. Impressive, haven’t seen anything like this before https://t.co/9USjOE45Rh pic.twitter.com/NxEFlek5Ag — Simone Pomposi (@theotherpomp) May 16, 2024 Over the past week, the Fantom price had risen by…
Filed under: News - @ May 18, 2024 11:06 am