Fantom

Halal Rating :
Questionable
Last Price $0.81 Last updated:
Rank 51
1D Change -3.14 %
Market Cap $2.28b
Circulating supply 2,803,634,836
Maximum supply 3,175,000,000

Crypto Overview

Categories
  • Platform
  • Enterprise Solutions
  • DeFi
  • Research
  • Scaling
  • Smart Contracts
  • Fantom Ecosystem
  • Injective Ecosystem
  • Layer 1

FANTOM is a new DAG based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies. The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based pro-tocols. The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus. This protocol is intended to be integrated into the Fantom OPERA Chain. The aim is to allow applications built on top of the FANTOM OPERA Chain to enjoy instant transactions and near zero transaction costs for all users. The mission of FANTOM is to provide compatibility between all transaction bodies around the world, and create an ecosystem which allows real-time transactions and data sharing with low cost.

Crypto Impact

To assign a comfort level investing in Fantom from a halal perspective we need to determine whether it has a net positive or negative impact.

Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Fantom.

If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.

We will review your contribution for accuracy before publication.

Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.

You only have one vote per asset so use it wisely.

You can change your vote if you change your mind.

Justification for our Halal Rating