Fantom Foundation announces the release of a new version of the mainnet
The upgrade has significantly improved blockchain performance
07.03.2023 - 14:00
660
2 min
0
What’s new? Fantom Foundation has announced the release of a new version of the mainnet of the Fantom blockchain, go-opera 1.1.2-rc.5. The upgrade includes significant improvements in Genesis batched blocks processing, customizable database management, parallel Ethereum Virtual Machine (EVM) log search and optimizations in peer-to-peer (P2P) protocol. The new version can be used by all nodes on the network.
What is known about the project? Fantom is a decentralized blockchain platform for smart contracts. The Fantom ecosystem is used by projects like Aave, Curve, and yEarn. As of March 7, it has $459,25 million in total value locked (TVL), according to DefiLlama. The native token FTM ranks 44th in the cryptocurrency ranking with a capitalization of $1,138 billion and is trading at $0,409791, having not changed in price in 24 hours, according to CoinGecko.
What other upgrades have been implemented? According to the release, the improvements have reduced transaction/block processing times by about 30%. Genesis file processing speed has increased by a factor of 3, and log searches are 5 times faster.
The developers have also made a number of changes to the database layer. It is now possible to integrate several types of data stores at once (LevelDB and PebbleDB). Security for Opera nodes has been improved, and additional caches are used to improve performance.
In January, Fantom announced the migration of the fUSD stablecoin to version v2. It will be accompanied by the liquidation of positions in fUSD.
In November 2022, developer Andre Cronje published detailed financial statements of Fantom which showed that at current costs, the company’s existing assets will be sufficient for 30 years of operation. After the publication, the FTM rate rose by 25,62% in just 24 hours.
Useful material?
Telegram 
Twitter Incidents
In a single week, hackers went after PHP websites, the Railway cloud platform and a medical company, and experts started talking about a crisis that is only just beginning.
Oct 28, 2026
Incidents
In 104 minutes, the attacker emptied 1,404 addresses before validators halted the network and froze almost all of the loot.
Oct 19, 2026
Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Cryptocurrency rates
-
Bitcoin
$73 581
BTC
-0.09%
-
Ethereum
$2 045.72
ETH
-0.76%
-
Ripple
$1.42
XRP
+1.04%
-
BNB Smart Chain
$674.91
BSC
-0.74%
-
TRON
$0.317282
TRX
-0.08%
-
Zcash
$980.71
ZEC
-2.75%
-
Dogecoin
$0.067075
DOGE
-1.32%
-
Cardano
$0.218269
ADA
+2.11%
-
Stellar XLM
$0.184461
XLM
+2.83%
-
Polkadot
$3.32
DOT
+5.27%