Fantom previously pledged to cut its token burn rate by 75% to incentivize decentralized application development.
In a new Medium post published on Dec. 26, decentralized finance architect Andre Cronje reaffirmed the goals and priorities for the Fantom ecosystem in 2023. Cronje, who previously created protocols such as Yearn.finance and Keep3rV1, also revealed that he accepted a position as a board member for both Fantom Foundation Ltd and Fantom Operations Ltd, which oversee the namesake directed acrylic graph ecosystem.
New to trading? Try crypto trading bots or copy trading on best crypto exchanges
One key point on Cronje’s 2023 Fantom roadmap is gas monetization, which would allow revenue share for decentralized applications, or DApps, as a development incentive. In addition, Fantom DApps would be able to interact without a wallet needing to pay the gas fees itself, through gas subsidies. “Users don’t need to have or know about FTM (during onboarding), Cronje wrote.
Other areas of “gas reform” include ending the distinction between smart contracts and externally owned accounts so everyone can initiate transactions and pay for gas. Tokens other than FTM
FTM would also be eligible for use as gas fees on the protocol.
Fantom Foundation ethereum Bitcoin Web3 Foundation Team DappRadar Binance BNB Chain News Huobi Trust Wallet Litecoin.Com
Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing
#DApp #ecosystem #expansion #Fantom #previously #pledged #cut #Mitchell #Kay #Coinmonks #Jan