Fantom aims to provide the highest blockchain available: Andre Cronje of DailyCoin

• Fantom will focus on providing high throughput in the next few days, according to André Cronje.
• The co-founder says Fantom Dapps should share the same security level and base layer to help all verticals.
• Over the next 12 months, Fantom plans to create an environment where DAapp developers can build sustainable businesses.
• Cronje said Fantom would focus on other areas, such as gas monetization and performance engineering.
• Separately, the developer outlined Fantom’s performance in 2022, showing a decline in certain metrics compared to the previous year.

Fantom co-founder Andre Cronje, in a new letter to the Fantom Foundation Team, gave an insight into the possible development of Fantom in 2023. In the letter, Cronje revealed that Fantom would focus on offering the highest throughput blockchain. As revealed, the blockchain will be able to provide a single secure settlement layer for all decentralized activities.

Accordingly, Cronje said that all Dapps through Fantom should be able to share the same security layer and can enable a base layer that can help all verticals. According to him, these verticals must be aimed at improving developers’ tools, UX, integration and usability.

“Our overall goal over the next 12 months will be to create an environment for dapp developers to build sustainable businesses while differentiating ourselves from other tier one solutions,” Cronje said. Cronje indicated in the letter that Fantom would also focus on other areas such as gas monetization, gas subsidies, account abstraction, financial abstraction for gas taxes, performance engineering and many others. These, according to him, will push the Dapps area to an advanced position in the coming years.

“This is an incredibly difficult mission, we have no shortcuts,” Cronje said.

How Fantom fared during the year

In a separate blog post, the developer reviewed Fantom’s performance for 2022. According to the report, transactions on the Fantom blockchain grew by 131% between 2021 and 2022. However, this figure represented a trial period for Fantom as it had a 12,988% increase in chain transactions between 2020 and 2021. In addition, the project saw a modest 41% increase in daily users for the year.

On the other side

• Earlier, Cronje announced his departure as the Fantom Foundation’s technical advisor and founder of Yearn Finance through a colleague, Anton Nell. Surprisingly, Cronje returned to the DeFi space and Fantom early last month. To confirm his return, the so-called “Father of Dapps” updated his LinkedIn page as director of Fantom.

Why you should care

Layer-1 protocols had a miserable 2022. With its high throughput and the promise of an environmentally friendly blockchain, Solana rose to prominence at the beginning of the year. Solana then suffered enormously after the FTX collapse, making way for other Layer-1 protocols such as Fantom. It will be fascinating to see how far Fantom can go with his vision.

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