{"id":238365,"date":"2021-04-29T15:26:30","date_gmt":"2021-04-29T12:26:30","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/fantom-surges-52-following-network-upgrade\/"},"modified":"2021-04-29T15:26:30","modified_gmt":"2021-04-29T12:26:30","slug":"fantom-surges-52-following-network-upgrade","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/fantom-surges-52-following-network-upgrade\/","title":{"rendered":"# Fantom surges 52% following network upgrade"},"content":{"rendered":"<p>&#8220;<strong># Fantom surges 52% following network upgrade  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvYzcyMjg2M2YtMzg2My00ZmQyLWFiYzYtZmYwODgzMjExNGU1LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>The token of smart contract platform Fantom, FTM, was subject to a 52% price increase leading into Thursday morning following the successful implementation of a new network upgrade.<\/p>\n<p>Dubbed \u201cGo-Opera,\u201d the latest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/fantom.foundation\/blog\/introducing-go-opera\/\">upgrade<\/a> to Fantom introduces a range of technical changes that, according to a recent explainer by the Fantom Foundation, makes the network faster, more efficient and more reliable.<\/p>\n<p>The upgrade was <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FantomFDN\/status\/1387628353474203652?s=20\">announced<\/a> as completed at 5:42 a.m. (UTC+1) on Thursday. It was two hours later before the FTM coin price peaked amid a surge that left it 52% more valuable than the day before. <\/p>\n<p>The coin price climbed from $0.461821 up to $0.705069 in the lead up to and aftermath of Thursday\u2019s upgrade. <\/p>\n<p>Fantom doesn\u2019t use a blockchain in the traditional sense but is instead based upon Directed Acyclic Graph\u00a0<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>. This allows for asynchronous confirmation of transactions, meaning users don\u2019t have to form a single queue for block space like on a typical blockchain. <\/p>\n<p>According to the Fantom Foundation, the Go-Opera upgrade makes Fantom more efficient in processing transactions, cutting confirmation time to 1 second. It also reduces the time it takes for nodes to synchronize to the network to a quarter of what it was previously. <\/p>\n<p>Fantom\u2019s valuation has grown over 4,000% since the start of 2021, as the coin price continued to push to new all-time highs. On Wednesday, the Fantom Foundation received an additional $15-million <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.globenewswire.com\/news-release\/2021\/04\/28\/2218995\/0\/en\/Fantom-Foundation-Continues-to-Attract-Big-Investors-HyperChain-Capital-Invests-an-Additional-15-Million.html\">investment<\/a> from Hyperchain Capital, marking a 100% increase on the firm\u2019s initial investment. <\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/fantom-surges-52-following-network-upgrade\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Fantom surges 52% following network upgrade &#8221; The token of smart contract platform Fantom, FTM, was subject to a 52% price increase leading into Thursday morning following the successful implementation of a new network upgrade. Dubbed \u201cGo-Opera,\u201d the latest upgrade to Fantom introduces a range of technical changes that, according to a recent explainer&#8230;<\/p>\n","protected":false},"author":1,"featured_media":238366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDQvYzcyMjg2M2YtMzg2My00ZmQyLWFiYzYtZmYwODgzMjExNGU1LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,74894,74863,103657,4965],"class_list":["post-238365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-blockchain","tag-cryptocurrencies","tag-upgrade","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/238365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=238365"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/238365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/238366"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=238365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=238365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=238365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}