Fantom Virtual Machine: Elevating the Future of Blockchain
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Chapter 1: Overview of Fantom's Innovations
In this article, we will explore the advancements and initiatives undertaken by the Fantom team as they strive to establish themselves as a leading Layer 1 blockchain. The competitive landscape is intense, yet the Fantom team has remained active during this bear market, focusing on developing a highly scalable and rapid blockchain. Let's delve into the details!
Introduction to the FVM Upgrade
Fantom is enhancing its blockchain to improve speed and efficiency. This upgrade, known as the Fantom Virtual Machine (FVM), aims to expedite and reduce the cost of transactions while maintaining high security standards. It will also enable the blockchain to process a greater volume of transactions daily than ever before, ensuring it can accommodate the growing user base without compromising performance.
Decentralized ledgers function similarly to databases that are distributed across various locations. They utilize a structure called the Merkle Patricia Trie to secure data integrity and keep it updated. Fantom has discovered a method to optimize the Merkle Patricia Trie, making it operate more rapidly and with reduced energy consumption.
Fantom's Innovative Approach
The solution proposed by Fantom employs a new data structure that minimizes the address space of computers. This improvement allows for quicker address lookups by converting lengthy address lists into numerical representations stored in a file. Consequently, this simplifies and accelerates processes such as address retrieval.
Adaptive Execution of Smart Contracts
Fantom's strategy incorporates unique instructions referred to as "super-instructions," designed to enhance speed. Additionally, it employs a programming language called C++. Super-instructions function like puzzles formed from sequences of commands. When a similar puzzle arises, the Fantom engineers can reuse these super-instructions, facilitating faster execution. They are also experimenting with a new version utilizing C++ to further enhance speed and security.
Accelerated Block Processing
Researchers are working to boost computer performance by enabling the execution of multiple tasks concurrently. They have determined that two or three jobs can be processed simultaneously without interference. Ongoing experiments aim to validate this approach, which appears promising in potentially doubling or tripling computational speeds.
Performance Engineering Improvements
The Fantom computer science team has revamped its testing methodology. What once took weeks can now be completed in mere minutes to an hour. By breaking down problems into smaller tasks and processing data in bulk instead of sequentially, they have significantly increased efficiency and accelerated development timelines.
In summary, the Fantom team is leveraging cutting-edge technology to enhance their operations. They are continuously experimenting with various strategies to identify the most effective solutions, encouraging contributions from all team members. Their focus is on continuous improvement rather than a singular goal.
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Chapter 2: Community Engagement and Insights
In the video titled "FTM Alerts Live AMA with the Fantom Foundation!", the Fantom team discusses their latest developments and community engagement strategies. Tune in to gain insights directly from the team about their vision and future projects.
Chapter 3: Technical Exploration
The video "Roland Fantom: Exploring FX, Part One" delves into the technical aspects of the Fantom ecosystem. It provides viewers with a closer look at the innovative features and functionalities that make Fantom stand out in the blockchain space.