To encourage developers to join and build on their platform, the Fantom Foundation has taken a few steps to ensure that developers can easily build on the platform and that past problems do not become an obstacle to their work on Fantom. The most notable move was Fantom’s recent encouragement to support current developers on the platform through their donation to show appreciation and support the amazing work these developers are doing on Fantom.
Supporting developers through grants
The most recent way Fantom has demonstrated its commitment to ensuring the best developer experience possible has been by giving generous grants to those who help Fantom grow where it is today. After all, Fantom currently has 77,000 Fantom wallets (an increase of 70% compared to the previous month) and over 200,000 daily transactions.
Fantom realizes how much work these developers are putting into making this happen, and they recently showed their appreciation and support for their work by giving SpiritSwap and SpookySwap grants to encourage the developers to do their great work continue on the platform. Both were the main drivers behind the 200,000 daily transactions on Fantom. Additional Fantom Foundation grants were granted to ZooCoin due to the development of a unified DeFi ecosystem and HyperJump. HyperJump plans to use the grant for a community giveaway that will benefit Fantom’s user base significantly.
Developers could use a faster network
Fantom’s “most significant network upgrade to date”, Go-Opera (launched in late April), has significantly improved network performance and reliability. The upgrade reduced the average TTF (time to finality) to a revolutionary second, which blockchain space has long lacked. Since its launch into space, Fantom has been quite successful at accelerating previous competitors in transaction processing speeds, and with this upgrade they have succeeded in undermining their only remaining competition which was their own previous speeds.
In addition, this upgrade made the emission of events far more efficient regardless of network conditions. Claiming rewards is greatly simplified and there are no restrictions on when users can claim rewards. All of these small upgrades are key to making the user, and therefore the developer experience, as seamless as possible on the platform.
Of course, developers may have current projects on Ethereum, and it’s a priority for Fantom to make sure developers can easily work on the same projects on their platform. Ethereum is unfortunately bogged down with excessive fees and slow transaction speeds, and Fantom offers a more efficient and cost-effective solution to these problems. To ensure developers can easily work on the same projects while on an unauthorized proof-of-stake blockchain, Fantom is compatible with Ethereum Virtual Machine (EVM). This means that the same smart contracts that are deployed on the Ethereum network can also be deployed with Fantom using the same tools as on Ethereum.