Site icon CoinDCX-Blog

Ethereum (ETH) vs Fantom (FTM): Comparative Analysis between Smart Contract Platforms

Investing in Crypto Assets

Snapshot:


What is Ethereum (ETH) crypto? 

Ethereum, the second-largest crypto by market capitalization, is an open-source blockchain system that has its native crypto called Ether. Ethereum (ETH) works as a crypto platform for several other cryptos and helps in the execution of decentralized smart contracts. 

Vitalik Buterin, the founder of Ethereum crypto described Ethereum in 2013 on a white paper along with his co-founder and secured funding for the same in a public crowd sale in 2014. The official launch date of the Ethereum blockchain was July 30, 2015. It has undergone several updates since its launch, the recent being the London Hard Fork update. 

The primary goal of Ethereum is to become the global platform for decentralized application (DApps) that would allow the programmers and coders across the globe to run and write software that are censorship, fraud, and downtime free. Ethereum was the pioneer of the frequently used term today in the blockchain space, smart contracts. The principal innovation of Ethereum was designed to allow the execution of smart contracts via blockchain. As described by the co-founder of Ethereum, Gavin Wood, Ethereum was designed to become “one computer for the entire planet”. 

The Ethereum blockchain is capable of hosting other crypto called “tokens” through its ERC-20 standard. This is the most common use for the Ethereum platform. Ethereum coin price started at $3 while Ethereum price today stands at $3952.30. This price rise has been in six years. 

Additional Read: Want to Buy Ethereum? Take a deep dive into Ethereum 

What is Fantom (FTM) crypto? 

Fantom is a smart contract platform deploying the directed acyclic graph (DAG) technology to provide decentralized finance (DeFi) services to developers with the help of its consensus algorithm. The native token of this platform is FTM. The primary goal of this token is to solve issues related to the transaction speed of the smart-contract platform. According to the developers, the transaction speed of the platform has been reduced to less than two seconds. 

Fantom is a smart contract platform for decentralized applications (DApps) and digital assets that serve as an alternative to Ethereum. The primary aim of the Fantom protocol is to overcome the issues presented by the old blockchains without compromising security, decentralization, and scalability. The project also offers a set of tools to integrate the existing DApps and other built-in DeFi instruments. The most important strength of Fantom is to process transactions efficiently. Thousands of transactions are processed by this protocol within 1-2 seconds. If you are wondering about the grands you need to pay for this transaction, then worry not because these transactions cost less than a cent. Fantom is capable of providing higher scalability at a lower cost. 

Fantom price today (March 9, 2022, 7:15 PM IST) is ₹108.05. The market capitalization of Fantom crypto at the time of writing is ₹274,996,607,930 with the current circulating supply standing at 2.55B FTM

Key Takeaways Among Ethereum vs Fantom 

The unique features of the Ethereum crypto are:

The unique features of  Fantom (FTM) are: 

Ethereum vs Fantom: Comparative Analysis 

Comparison Basis  Ethereum (ETH)  Fantom (FTM)
Launch date  July 30, 2015 December 2019
Founders Vitalik Buterin and Gavin Wood Dr. Ahn Byung Ik.
Blockchain protocol  Ethereum Blockchain Directed acyclic Graph (DAG) technology for Fantom 
Token type  Native  Native
Use case To host various cryptos  and other decentralized applications (DApps) For faster, cheaper, and efficient transactions.
Market Cap* ₹24,995,243,293,982 ₹274,996,607,930
Circulation Supply** 119,888,260.56 ETH 2.55B FTM
Consensus Method PoW but soon to move to Proof-of-stake (PoS) Lachesis (BFT consensus algorithm) 
Twitter Ethereum  Fantom

Source: CoinMarketCap

*All values are latest by 9 March 2022, 7:15 PM IST.

Additional Read: Fantom Price Prediction

ETH vs FTM Coin Price Trends (Monthly)

Source: Trading View

Additional Read: Weekly Price Predictions & Crypto Technical Analysis 

Should you buy FTM coin or Ethereum (ETH) crypto

Fantom deploys a completely new consensus mechanism that it has developed from scratch called Lachesis. This consensus mechanism of Fantom is significantly faster and more secure than the conventional proof-of-stake blockchain (PoS) protocols. This method has been deployed by Fantom to overcome the blockchain trilemma of speed, security, and decentralization. According to the trilemma, it is imposiible to optimize all the three aspects of Blockchain protocol without compromising with the other. For example, Ethereum is highly secure due to its decentralization but lacks speed. This issue has been resolved by Fantom using its asynchornous Byzantine Fault Tolerance (“aBFT”). This in turn increases the speed and throughput of transactions. This is one of the lacking factors in Ethereum. Due to the low transaction speed, the gas fees increases which is not cost-effective for many investors. 

Apart from this, Fantom is also customizable. Multiple blockchains are connected to the consensus protocol which helps them to communicate with each other. Ethereum is able to scale itself with the help of other blockchain protocols like Polygon (MATIC). This is another advantage of Fantom over Ethereum. Fantom is also posing a great competition to Ethereum as it’s quite popular among several decentralized exchanges such as Curve and SushiSwap. It has also been integrated into wallets such as Trust wallet, MetaMask, and Ledger. 

However, Ethereum has its own perks. It is the smart contract platform on which most of the DApps have been built and its transition to proof-of-stake will eventually help it overcome the low transaction speed and high gas fees. We always recommend our readers do their due diligence before investing in any crypto asset. Investors must do their own research and consider factors like real-life use cases, popularity, developer team, use cases, etc, before investing their hard-earned money in any crypto asset. 

Additional Read: Bitcoin vs Ethereum: A comparative analysis 

How to Invest in Ethereum(ETH) and FTM coin

Investing in crypto is super simple, safe, and secured with CoinDCX, crypto investment app. It doesn’t matter whether you want to buy Fantom or wish to trade ethereum price today, we have got you covered. 

Here are the 3 simple steps to buy your first Bitcoin or Ethereum with CoinDCX. 

  1. Sign up on CoinDCX 
  2. Link your bank details 
  3. Buy Ethereum (ETH) or Fantom (FTM)

Read our latest articles on:

  1. Investing in Polygon Matic
  2. Matic vs Tezos
  3. Bitcoin vs Dogecoin

Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to .
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

Exit mobile version