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Fantom is an infrastructure project that addresses a part of the scalability problem, so in that regards Ethereum, EOS, Cardano, and all the other large projects that are struggling to scale are our competitors. But the projects that are closely related or look like Fantom the most are probably Trias, Hashgraph, Monet, as all three of them also use Consensus DAG implementations. Fantom can achieve higher throughput, with a lower time to finality, in a controlled setting than Hashgraph. Moreover, Hashgraph is a permissioned network (requiring knowledge of all nodes in advance) and requires more data when constructing a network dependant graph to send messages between nodes and achieve consensus.

Fantom is already a permissionless network, having achieved dynamic participation between nodes, meaning that nodes can join or leave the network at any time in a fault tolerant manner without impacting consensus.

Hashgraph’s on-chain governance is incredibly centralised, with a “Governing Council” of 39 organizations that control the implementation of proposals for the Hashgraph network.

Fantom will have no such gate-keepers. It will be an entirely open-source project that allows anyone to make a proposal which is then accepted or rejected by tokenholders and network participants. More details on Fantom’s on-chain governance model released in medium articles.

In terms of our business use cases, Fantom is targeting “consensus as a service” with infrastructure projects in Dubai, South Africa, Korea, and Afghanistan. Competitors and blockchain advisors that are specifically targeting similar solutions in Dubai include:

Hyperledger: through IBM who are the official Blockchain Strategic Partner
Ethereum: through Consensys who are Dubai’s Blockchain Advisors
Hashgraph
IoTa
Nano