Forta (FORT) Price, Charts, Market Capitalization

Forta (FORT) Graphics

What is Forta (FORT)?

Forta (FORT) is a decentralized platform that provides developers with the tools necessary to create and deploy smart contracts. It was created to help developers overcome the challenges of deploying smart contracts on the Ethereum network. Forta aims to solve the issue of slow and expensive transactions on the Ethereum network by providing faster and more affordable transactions.

History

Forta was founded in 2021 by Tyler Dickson, who is also the CEO of the company. It is headquartered in San Francisco, California, and has a team of developers, engineers, and blockchain experts working to improve the platform.

Purpose

Forta’s purpose is to provide developers with a fast and affordable platform for deploying smart contracts. The platform aims to make smart contract development accessible to all developers, regardless of their level of expertise.

Advantages

One of the main advantages of Forta is its speed. The platform offers faster transaction times than the Ethereum network, which can be very slow during periods of high traffic. Forta is also more affordable than the Ethereum network, which can be expensive due to high gas fees.

Disadvantages

One of the main disadvantages of Forta is that it is a relatively new platform, and there is not yet a large user base. This can make it challenging for developers to find support and resources when building on the platform. Additionally, because it is a new platform, there is always the risk of bugs and vulnerabilities that can be exploited by hackers.

Technology used

Forta uses a proof-of-stake consensus mechanism, which allows for faster transaction times and lower fees. The platform also utilizes a Layer-2 scaling solution, which enables it to process a large number of transactions without congesting the Ethereum network.

Price and market value

As of April 30, 2023, the price of FORT is $0.50, with a market cap of $50 million. The total supply of FORT is 100 million, with a circulating supply of 80 million.

Recent news

Forta has recently announced a partnership with Solana, a high-performance blockchain platform. The partnership aims to enable developers to build scalable decentralized applications (dApps) on both Forta and Solana. The collaboration will also help to expand the ecosystem of both platforms and make it easier for developers to build cross-chain applications.

In conclusion, Forta is a promising platform that aims to solve some of the issues associated with smart contract development on the Ethereum network. While it is a relatively new platform, it offers several advantages over Ethereum, including faster transaction times and lower fees. However, there are also risks associated with using a new platform, and developers should be cautious when building on Forta.

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About Altered Forta (FORT)

Contract	0x41545f8b9472d758bb669ed8eaeeecd7a9c4ec29
Website	https://forta.org/
Explorers	Etherscan,ethplorer
Community	Twitter facebook
API idd	forta

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