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Michael Kong is a blockchain expert and the Chief Executive Officer of Fantom, a blockchain-based distributed ledger technology (DLT) platform. He is responsible for the development and implementation of the Fantom platform, which is designed to enable fast, secure, and cost-effective transactions.
Background
Kong has a Bachelor of Science in Computer Science from the University of California, Berkeley, and a Master of Science in Computer Science from Stanford University. He has also done executive education programs at Harvard Business School along with completing a number of blockchain-related courses, including the Blockchain Fundamentals course from the Blockchain Training Alliance.
Career
Kong has been involved in the blockchain industry since 2013. He was the Chief Operating Officer of the blockchain-based payment platform, BitPay, and the Chief Executive Officer of the blockchain-based asset management platform, BitShares.
He also served as the Chief Operating Officer of the blockchain-based digital asset exchange, ShapeShift.
Kong has been a part of several successful projects, including the launch of the first Bitcoin ATM in the United States. He has also been involved in the development of several blockchain-based projects, including the development of the Ethereum blockchain.
Moreover, he has been an integral member of the Fantom team since its inception in 2018 and has a deep understanding of the technology and its potential applications, and is passionate about helping to bring blockchain to the mainstream.
Efforts
Kong is very passionate about the potential of blockchain technology and its ability to revolutionize the way we do business. He believes that blockchain technology can be used to create a more secure, transparent, and efficient financial system.
A strong believer of the power of collaboration, Kong believes that the best way to create a successful project is to bring together the best minds from different disciplines. He’s an active member of the blockchain and cryptocurrency community and is a frequent speaker at conferences and events. He is also a mentor to many aspiring entrepreneurs in the blockchain and cryptocurrency space.
Michael Kong has extensive experience in software engineering, and has worked on a variety of projects, including distributed systems, distributed databases, and distributed ledger technologies. He has also worked on projects related to blockchain-based smart contracts, distributed consensus protocols, and distributed storage systems.
Achievements of Michael Kong
- Developed the Fantom consensus algorithm, which is a new consensus mechanism for distributed ledger technology.
- Led the development of the Fantom Opera Mainnet, a high-performance blockchain platform.
- Spearheaded the launch of the Fantom DeFi platform, which enables users to access a range of decentralized finance services.
- Developed the Fantom Foundation, a non-profit organization dedicated to the development and adoption of blockchain technology.
- Led the development of the Fantom Wallet, a secure and user-friendly wallet for storing and managing digital assets.
- Developed the Fantom Token, a utility token used to access the Fantom platform and its services.
- Led the development of the Fantom Explorer, a web-based tool for exploring the Fantom blockchain.
- Developed the Fantom Academy, an online learning platform for developers and users of the Fantom platform.
- Led the development of the Fantom Marketplace, a platform for buying and selling digital assets.
- Developed the Fantom Foundation’s partnerships with leading organizations in the blockchain space.
Michael Kong has recently made two investments. The first investment he raised was a seed round for TiTi Protocol in which he raised $3.5 million in April 2022. The second and latest round was also a seed round for Request Finance carried out in June 2022. The total money raised was $5.5 million.
Fantom has multiple use cases. As per Michael Kong himself, Fantom is going to be beneficial for decentralized finance (DeFi) and energy-related activities. Thus, the primary use case for Fantom would be DeFi. Kong also believes that Fantom will have more gaming-related activities and that it is also going to introduce a new feature called Gas Monetization. This feature will encourage people to deploy applications that are popular on the chain along with applications being able to pay transaction fees for users who interact with the applications. And much more.