Fantom (FTM) and META 1 Coin provide the market with a glimpse into the future of DeFi. These networks integrate the most advanced blockchain services and features to provide users with a host of unique ways to secure rewards. Here’s everything you need to know about Fantom (FTM) vs META 1 Coin.
What is Fantom (FTM)?
Fantom entered the market in 2018 with the goal to provide the market a more flexible blockchain experience. The network is based out of Seoul, South Korea as a for-profit company that lists Michael Kong as its CEO. Notably, Fantom pioneered the use of Directed Acyclic Graph (DAG) in blockchain creation. DAG is a mapping technique that is ideal for filtering large data streams.
Fantom provides users access to a variety of DeFi features including staking, P2P lending, a DEX, Wallet, and the ability to mint synthetic assets. Additionally, the blockchain is smart contract programmable. Developers can build apps with zero fees using Fantom. The goal of Fantom is to provide users with an all-in-one DeFi experience and become a major infrastructure provider for smart cities.
What is META 1 Coin
The META 1 Coin is a critical component of the METANOMICs ecosystem. This network integrates a non-custodial DEX, staking features, savings accounts, a VISA debit card, and a next-generation multi-asset stable coin. META 1 is backed by a basket of gold-related assets. This diversification helps the coin to provide more stability. It also improves the token’s rate of appreciation.
META 1 is revolutionary in multiple ways. It’s the first stablecoin to integrate protections against pump and dumps and whale manipulation. The core coding of the coin ensures that all META 1 Coins are sold at a minimum of asset value. Additionally, the network ensures decentralization and more protection through its proprietary “humans-only” token holder policy. Governments, investment firms, and corporations can’t hold or trade META 1 Coins.
What Problems was Fantom (FTM) Built to Alleviate?
Fantom helps reduce multiple issues currently plaguing the market. The network helps reduce congestion problems and high gas fees. The technical structure of the network makes it highly scalable. Additionally, transactions take seconds to complete and there are zero fees. All of these features have made Fantom ideal for payments, supply chain, DeFi, enterprise applications.
Fantom helps with developer onboarding in a couple of ways. Primarily, the network is EVM (Ethereum Virtual Machine) compatible. This designation means that Dapps written for Ethereum can be migrated over to Fantom without any code changes.
Ethereum is the largest Dapp network in the world. However, congestion has made the network have high gas fees at the moment. Consequently, developers continue to migrate to other networks.
What Problems was META 1 Coin Built to Alleviate?
META 1 was inspired by the great freedom fighters throughout history. The coin’s founder Robert P. Dunlap recognized that the centralized financial system is corrupt to the core. META 1 provides the world with a better alternative that is more secure, transparent, fairer, and more profitable.
The network starts its mission with a self appreciating stable coin. This token enables users to multiple their wealth using the network’s DeFi services and features. You can also actively drive your profits trading on the DEX. The goal of META 1 is to eliminate centralization from the financial sector and share the profits with the community. Its this benevolent purpose that makes the project stand out against the competition.
How Does Fantom (FTM) Work?
Fantom’s design can be broken down into three layers, the Opera Core Layer, Opera Ware Layer, and the Application layer. Each of these layers serve a different but vital role within the network. Together they provide scalability and functionality to the platform.
The Opera Core Layer is the protocol that establishes consensus across the blockchain. It utilizes DAG to confirm transactions between validator and witness nodes. The next layer is the Opera Ware Layer. This layer tracks all past transactions using a protocol called story data. The Opera Ware Layer is also where rewards and payments are issued to the community. All nodes have access to this layer as part of their functionality.
The final piece of this triad is the Application layer. This protocol operates as a top layer above the network. It’s responsible for hosting Dapps. It also holds the public APIs for developers to integrate.
Fantom provides users with the ability to stake their tokens and secure passive rewards. You can also mint a variety of synthetics. Synthetics are blockchain representations of assets. They enable investors to gain exposure to the market movements of assets without the need of holding the asset directly.
The network also provides a peer-to-peer lending feature. This protocol leverages large liquidity pools to provide flexible lending to users. Users earn rewards when they provide liquidity to the pool. Borrowers can access these funds and repay them with interest.
How Does META 1 Coin Work?
The META 1 Coin provides a variety of simple ways to expand your wealth. The network support DeFi staking and savings account features. The savings account pays out 10% APY which is 20X the highest-paying savings accounts you will find at your local branch. Additionally, the staking protocol provides low risk with reward payouts based on the number of tokens your stake.
You can also trade your META 1 Coins on the network’s responsive DEX. This exchange enables users to trade digital assets in a peer-to-peer manner directly from your wallet. The DEX features low fees and transaction throughput on par with the NASDAQ exchange.
META 1 Coin users can also spend their crypto at any retailer that accepts VISA. This features is possible as the network’s debit card converts your crypto to fiat at the point of sale. This strategy enables users to seamlessly integrate META 1 into their financial strategy.
Fantom (FTM) vs META 1 Coin – Two Premier DeFi Networks
After reviewing the data, it’s easy to see that both of these platforms offer some unique features. Fantom’s zero-fee structure and support for the creation of synthetics are appealing. On the other hand, META 1 offers a variety of ways to increase your holding and the advantage of a next-gen stablecoin. Additionally, META 1 is better suited to handle any sudden market downturns due to regulatory pushback as the network resides outside of the jurisdiction of central financial authorities. For these reasons, META 1 takes the trophy.