Andre Cronje’s Articles — What Do They Mean For Fantom?
During the past week, we’ve seen two different Medium articles from one and only Andre Cronje, the vice president of memes. In these articles he mentioned two technical updates about Fantom Network while and provided brief examples to explain these concepts to non-technical readers. But what do they all mean for Fantom?
Andre has first talked about the consensus mechanism of Fantom, which is called “lachesis”. Since Fantom uses a DAG (directed acyclic graph) to support the network, this brings out more room to grow in the technical sense and “lachesis” consensus mechanism is one of the examples of it. In the article, he compared the 4 potential consensus models (time ordering, PoW, PoS and lachesis) with the classic example of Alice, Bob & Charlie. These examples allow one to understand that PoS is not the only alternative of PoW and highlights a key fact which differentiates Fantom from others. Fantom achieves the consensus via normal interaction, no out of the ordinary communication between parties is required. Complexion of scalability shall stay the same no matter how many parties are using the chain since no additional work is being done with the lachesis consensus mechanism. He finishes the first article by saying “The above is why Fantom is the only blockchain with consistent sub second finality.” Fantom has suffered a lot of TVL loss but it has an amazing tech superior to many other chains and Cronje backs that sentiment up throughout the article.
In the second article, we see more technical stuff from Andre as he dives down into the term “zk” which refers to zero-knowledge. Zero-knowledge is a fun concept that gets thrown around a lot, sort of reminiscent of a “buzzword” like Cronje has suggested. But the crucial part is the relationship of “zk” to Fantom and how in the future Fantom can utilize it as a base layer scaling way. Fantom’s technical superiority and potential has been highlighted a lot in this heavily technical but (ironically) overly simplified article. How Fantom can achieve “infinite storage” and the pros of using a DAG are the main topics that Cronje talkes about. Cronje also mentions EVM 2.0 or FVM as an important step on Fantom’s roadmap to provide significant improvements to the bottleneck problem caused by the current model of EVM. It is great to see the hunger towards innovation on the chain.
NOTE: If you’re interested in the subject, you can gather more information about Fantom Virtual Machine by reading this article.
In these two articles, a lot of goals and roadmap ambitions have been made clear by Cronje that brought “hopium” to a lot of community members. Despite all the negativity on the crypto scene, the articles can be reassuring for some people and they showed a clear intention of improvement by one of the strongest voices & best minds in the space. The general sentiment around Fantom can only benefit from these strong voices and, as SpiritSwap DAO, we are looking forward to hearing more from Andre soon.
