How about an open-source, unpermissive, full-chain protocol?
Rainbow Crypto Expo #11, now inspired by SparkDAO
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This week, we will focus on 2 projects, FXS and FTM, and the key analysis project is FXS.
1.FXS (Frax Share)
Concept: The algorithm is a stablecoin
Circulation market value: 150 million USD
Current price: 20.73USD
Historical high: 43.51USD
History lowest: 1.51USD
Opening price: 10.5USD
First release time: 2020–12–21
Market value ranking: — —
View: Frax Finance (Frax), formerly known as Decentral Bank, is a score algorithm stablectoin protocol. Frax is an open-source, unpermissive, full-chain protocol, currently running on Ethereum (possibly across the chain in the future). The ultimate goal of the Frax protocol is to provide a highly scalable, decentralized algorithmic currency, replacing fixed-supplied digital assets such as the BTC. The FRAX is a stablecoin and aims at around $1 / dollar. Frax Shares (FXS) is a governance token that can accumulate fees, seizure revenue, and excess collateral value.
Concept: public chain
Circulation market value: 5.889 billion USD
Current price: 2.31USD
All-time high: 3.47USD
History lowest: 0.0017USD
Opening price: 0.016USD
First release time: 2018–10–29
Market value ranking: 26
View: Fantom is a high-performance public chain based on DAG technology and supports smart contracts. Fantom’s vision is to build the best consensus framework and tools for developers to build interoperable DeFi products. Blockchain triangle dilemma is a known trade-off of distributed ledger technology center, that is, trade eoff speed, security, degree of decentralization. In this triangular dilemma, it is impossible to optimize three without a cost. Bitcoin, for example, achieves strong security through consensus protocol and decentralization but also abandons speed. Fantom is a new smart contract platform developed based on the directed acyclic graph DAG, aiming to solve the scalability problem in the existing public distributed ledger technology. The Fantom addresses this problem with the aBFT asynchronous Byzantine fault tolerance (asynchronous Byzantine Fault Tolerance).
- This article is NOT in any form of investment guidance, please research carefully before you make any investment decisions. This article was written on February 8, 2022.
- The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of SparkDAO. Every investment and trading move involves risk, you should conduct your own research when making a decision.