On October 4, Fantom released the first technical document of the project. Fantom is a smart contract platform based on DAG (directed acyclic graph) that provides high scalability and several hundred thousand transactions per second.
Building on the experience of the IOTA, Byteball and Nano projects, the protocols based on DAG showed decent results on the scalability. This technology has a good reputation among investors, therefore, Fantom has every chance to find an application for its developments and to establish itself in the market.
According to the Fantom roadmap, testnet is scheduled for the fourth quarter of 2018. Competitors of the project can be Hedera Hashgraph and Constellation, based on DAG. Both platforms also plan to conduct a testnet by the end of 2018.
Read the technical document here.
Official site of the project: https://fantom.foundation/