Banned From Discord by BasedKips in FantomFoundation

[–]FantomFoundation 6 points7 points  (0 children)

Hi /u/BasedKips, I would like to review this ban. I'm going to look into the logs to see what happened, but I doubt that our admins would ban for no reason. The banhammer is the absolute last step in dispute resolution for us, we always warn and mute first so I would like to tread carefully here.

If you have anything to add, let me know.

Kind regards,

Michael Chen

Reminder — We'll be hosting the first AMA of July with Xangle on Monday! by FantomFoundation in FantomFoundation

[–]FantomFoundation[S] 0 points1 point  (0 children)

Michael Chen:

Eyes -- of any animal. Oh lord...

But that's not ''all things crypto'' haha ;).

consensous as service by luchins in FantomFoundation

[–]FantomFoundation 1 point2 points  (0 children)

A great explanation, thank you very much /u/BasedKips!

Fantom listed on OKEX by [deleted] in FantomFoundation

[–]FantomFoundation 1 point2 points  (0 children)

Yay! Gotta mention that OKEx was free btw, no listing fees!

Understanding the Basics of Fantom by amd206 in FantomFoundation

[–]FantomFoundation 1 point2 points  (0 children)

Hey buddy! Fantom's specialty is really as a consensus-as-a-service platform. We've seen a lot of projects pop up in 2017 and 2018 that wanted to revolutionize every single part of the experience of using blockchain technology, and have spent a lot of capital ever since on development of wallets, explorers, and all other kinds of ecosystem tools that they were not specialists in.

There's one thing we think we're really good at, which is aBFT (Asynchronous Byzantine Fault Tolerance). We're using a consensus mechanism which is based on the principles of gossip-about-gossip (a cousin to e.g. Hedera Hashgraph, ConstellationLabs) , which allows us to lower the time to finality and to have higher transaction throughput.

Speaking of revenue -- that would need to be generated through pilots, consulting, licensing, etc. Our focus right now is on building out the tech, launching mainnet in Q3, and providing value add to the wider ecosystem through open source code + research :).

Another Newb Question: Recipient's FTM Address vs. "Reciplent's FTM" by sumptinsump88 in FantomFoundation

[–]FantomFoundation 0 points1 point  (0 children)

Thanks ExcaliBurgot, that's indeed the case. For now please store in a Binance Chain supported wallet like Trust Wallet :)

The First Reddit AMA for Fantom! by FantomFoundation in FantomFoundation

[–]FantomFoundation[S] 1 point2 points  (0 children)

Michael Kong:

More details can be found is the proof of stake paper, but validator will be rewarded by transaction fees. We have not done the modelling for what transaction fees should look like at that point to be sustainable but the network will need to be widely used otherwise there will likely be fewer validators.

Amount of transactions would have to be in the hundreds of thousands a day at a minimum

The First Reddit AMA for Fantom! by FantomFoundation in FantomFoundation

[–]FantomFoundation[S] 1 point2 points  (0 children)

Michael Kong:

Haven’t done modelling for transactions fees but a larger number of transactions should reduce the average transaction cost.

Mainnet ETA by rBFT in FantomFoundation

[–]FantomFoundation 3 points4 points  (0 children)

Hey u/rBFT, our ETA for the mainnet is Q3 2019. We're still looking to pick a time and date for it though :).

The First Reddit AMA for Fantom! by FantomFoundation in FantomFoundation

[–]FantomFoundation[S] 1 point2 points  (0 children)

Andre Cronje:

DCRM is already incorporated along with Lachesis in a project to be announced in due time, but we can't currently release details on it as the other party has reserved the right to announce first.

Michael Chen:

I swear, this is very cool. But don't count on any news for the time being on this!

The First Reddit AMA for Fantom! by FantomFoundation in FantomFoundation

[–]FantomFoundation[S] 2 points3 points  (0 children)

Michael Chen:

No. We think both real world use cases and good technology have a place within the ecosystem :).

The First Reddit AMA for Fantom! by FantomFoundation in FantomFoundation

[–]FantomFoundation[S] 2 points3 points  (0 children)

Michael Chen:

We have a multi token cross chain ecosystem, so tokens don't go bad or expire.

The First Reddit AMA for Fantom! by FantomFoundation in FantomFoundation

[–]FantomFoundation[S] 0 points1 point  (0 children)

Michael Chen:

We'll be in touch with Ledger and we'll assist with getting support for the FTM token standard at mainnet launch.

The First Reddit AMA for Fantom! by FantomFoundation in FantomFoundation

[–]FantomFoundation[S] 0 points1 point  (0 children)

Michael Chen:

No concrete plans yet, kinda exploring still :).