Nodes on the Fantom network do communicate with each other occasionally about some transaction but there is no networcan i buy bitcoin with credit card on geminik-wide consensus that needs to be achieved on finalized blocks or to confirm the state of the network, unlike operations on proof-of-work networks. This architecture is the reason why Fantom is able to process transactions so quickly.
StakingRewards.com lists Fantom as the 17th-largest blockchain by valuechainlink vs ethereum 2021 of assets staked - with US$2,386,542,598 staked. There are just ~64% of token holders participating in Fantom, which implies 36% of token holders are passively holding their FTM and are likely just speculators.Fantom is an emerging proof-of-stake still in its early adoption phase. This means rewards for stakers are still relatively high.
The current estimated interest rate for FTM holders who delegate their tokens to a validator is 9.6%. Adjusted for the inflation rate of network supply, however, this interest rate drops to 2.4%. According to Staking Rewards, validators running a Fantom Node will earn an interest rate of 11.34% but once adjusted for network supply inflation this drops to 4.1%.Users can delegate their tokens to a staking pool that will, for a fee, participate in the network’s Proof-of-Stake consensus on behalf of the delegator. Or they can run a node themselves and directly participate in consensus. Staking rewards.com describes the complexity of delegating FTM to a staking pool as ‘easy’. The FTM wallet is a web application built for Fantom that allows users to allocate to a pool within minutes. Increasing stake and unstaking is simple and can be completed within the same wallet.It describes the complexity of running your own Fantom validator node as ‘Very Hard’ and risky for staking rewards. There are very high hardware requirements (with AWS setups recommended, which also requires a high level of technical knowledge).There are currently 43 live validators on the Fantom network, a relatively small quorum that implies relative centralization.Conclusion
Fantom is pitched as a cheaper, faster, more energy efficient version of Ethereum. It can be viewed as a direct substitute for Ethereum using the same wallets, virtual machines and developer tools. It has stood against other EVM chains because of its unique consensus model, a long term focus on interoperability and perhaps because it is the next asset in line as part of the ongoing platform blockchain price pumps.The network has big-name VC backers and it continues to attract developers to build on it. It does, however, appear to be relatively centralized compared to chains like Ethhereum and Solana. Additionally like other EVMs it is riding on the coattails of Ethereum and may be hung out to dry when Ethereum becomes more scalable following the implementation of sharding and the full transition to Ethereum 2.0.
If you look at it with a simple view, there are two cases for SHIB. The bullish one, where it breaks above the range, and the vise versa Bearish one.On the daily timeframe, the range gets even clearer. As you can see, on September 9, Shiba Inu (SHIB) had a decent bounce, after taking all the lows, with a breakout on the declining volume as well. That’s a good sign for the bulls. However, after a few days, the Coinbase pump shot the price high, but it didn’t close above the range. Strong selling volume came in at that point too.So, Shib is still trapped inside the range.
On the 4h time frame, you get a better glimpse of the Coinbase pump. Massive buying volume came in and maintained its position for several hours. The price took the previous high around the range and came back down again. Over the weekend, the market saw a decent bounce, but the price got rejected from the .382 Fibonacci level.
Right now, the price is at a very important point for the bulls. It is right at the Golden Pocket Fibonacci level. This is the 0.618 and the 0.65 level (the orange horizontal lines). Also, the price is back at 200 EMA, a place that must be defended by the bulls, or Shiba Inu’s price might head towards the untapped lows.In this part, we will Shiba Inu’s price against Wrapped Ether. These valuations are better for the bulls at this point.Price was capped inside a massive falling wedge. It broke out on the day of the Coinbase listing, retested the wedge, and now has to reclaim the 200 ema as a next step for better valuations.
The breakout is better visual at the 4H time frame. First, price deviated / trapped below the wedge. Then the Coinbase pump came, price retested the wedge and the 200 ema and so far it held. However, a lower high seems to be printed here, so bulls better step in to carry it higher.Shiba Inu saw a massive pump in the month of May but also retraced in the weeks after. Ever since then, the price is trapped inside a range. The Coinbase pump was short lived, and the price came back down again.Justin Trudeau's Liberal Party has narrowly won Canada's election, but it failed to secure a majority.
This is Mr Trudeau's third federal election win, but his critics say the poll was a waste of time.The Liberals are projected to win 156 seats, short of the 170 seats needed for the majority Mr Trudeau was seeking with his early election call.
The Conservatives have held onto their main opposition status and are expected to win about 122 seats."There are still votes to be counted but what we've seen tonight is millions of Canadians have chosen a progressive plan," Mr Trudeau told supporters in Montreal in the early hours of Tuesday morning.
"You elected a government that will fight for you and deliver for you," he said.A failed gamble for TrudeauThe election, which took place during a fourth pandemic wave in Canada, was the most expensive in the country's history, costing some C$600m ($470m; £344m).The projected results suggest a parliament strikingly similar to the one elected just two years ago in 2019.The snap election call, sending Canadians to the polls for the second time in two years, was widely seen as a bid by Mr Trudeau to secure a majority government and he struggled to explain why a campaign was necessary. Conservative leader Erin O'Toole called it a waste of time and money."Canadians sent him back with another minority at a cost of $600m and deeper divisions in our great country", he told reporters.
Mr Trudeau maintained that the election gave the incoming government a clear mandate in moving forward.But controversy over three instances of him wearing blackface and brownface - widely accepted as racist caricatures - resurfaced in the election campaign.
Separately he was also heckled by anti-vaccine protesters on the campaign trail, with some shouting they would refuse the Covid-19 jab.While questions will inevitably be raised about Mr Trudeau's political future, Liberal MP Pablo Rodriguez told journalists early in the evening that no matter the outcome, he had "100% confidence" in him as Liberal Party leader.
"And all the members of the party do as well," he said.The country's left-wing New Democrats (NDP), which ran on a "tax the ultra-rich" message with leader Jagmeet Singh trying to tap into progressive voters frustrated with the Liberals, looks to have picked up a small number of seats.
Vote counts will continue to trickle in over the coming days as elections officials tally the roughly one million mail-in ballots cast this election, and current seat tallies are still to be finalised.For the Conservatives, the result is a disappointment for new party leader Erin O'Toole, who ran on a centrist message in a bid to expand the party's base of support.Like in 2019, the party is projected to have won the popular vote. But the first-past-the-post system - awarding victory to the candidate with most votes in any given constituency - means that has not translated to seats won.Speaking to party faithful in Oshawa, Ontario, a defiant Mr O'Toole pitched his vision for a bigger Conservative tent, saying: "Our party needed the courage to change because Canada has changed."
He urged supporters not to waiver from the commitment to grow the party's base, acknowledging that "clearly there is more work for us to do" in setting the stage for a better showing in the next campaign.Election night - as it happened
Trudeau - a life in politicsThe man who hoped to topple Trudeau
Conservative strategist Jason Lietaer told journalists at party headquarters that there's reason to keep Mr O'Toole on as leader despite his failure to secure them a victory."He's gone from unknown to contender in just a few weeks," Mr Lietaer said. "O'Toole was a huge underdog. To be within a few points is something we're all proud of."
While minority governments are common in Canada, coalitions are extremely rare and Mr Trudeau will need to compromise with opposition parties to pass legislation.The NDP are likely to be kingmakers in this new parliament, and could help the Liberals to survive key confidence votes and get their policies through.Mr Singh, the NDP leader, speaking in Burnaby, British Columbia, noted he had secured concessions from Mr Trudeau in the last parliament.He said he had a laundry list of priorities this time around, and vowed to push for action on climate change, affordable housing, and healthcare.
"You can be sure if we work together we can build a better society," he said.The night saw setbacks for both the Green Party and the People's Party of Canada (PPC).
New Green leader Annamie Paul was badly defeated in her efforts to secure a seat in Toronto, after she struggled with internal party divisions that threatened her leadership."I am disappointed - it is hard to lose, no one likes to lose," Ms Paul said as she thanked supporters.
Still, the party is still projected to send at least two members of parliament to Ottawa.The PPC failed to secure any seats despite a late surge as its populist leader tapped into a vein of anger among some Canadians over vaccine mandates and lockdown measures, but did increase its overall vote share.