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Fantom is a highly scalable blockchain platform supporting DeFi, crypto dApps, and enterprise applications, powered by its bespoke Lachesis consensus mechanism. Offering near-instantaneous transaction finality, it addresses the blockchain trilemma of scalability, security, and decentralization. The platform supports smart contracts, enabling developers to build versatile decentralized solutions. Fantom uses the Lachesis Protocol within the Opera Chain and a Directed Acyclic Graph (DAG) structure to enhance transaction speed and reduce costs. It is compatible with Cosmos SDK and EVM, facilitating seamless deployment of blockchain platforms. Launched in 2018, Fantom's native token, FTM, serves multiple purposes, including payments, network fees, and staking. The platform's DeFi ecosystem supports Fantom USD (FUSD), a stablecoin fostering diverse financial activities. This architecture positions Fantom as a strong contender in the blockchain space, emphasizing speed, efficiency, and security.
Fantom is a highly scalable blockchain platform supporting DeFi, crypto dApps, and enterprise applications, powered by its bespoke Lachesis consensus mechanism. Offering near-instantaneous transaction finality, it addresses the blockchain trilemma of scalability, security, and decentralization. The platform supports smart contracts, enabling developers to build versatile decentralized solutions. Fantom uses the Lachesis Protocol within the Opera Chain and a Directed Acyclic Graph (DAG) structure to enhance transaction speed and reduce costs. It is compatible with Cosmos SDK and EVM, facilitating seamless deployment of blockchain platforms. Launched in 2018, Fantom's native token, FTM, serves multiple purposes, including payments, network fees, and staking. The platform's DeFi ecosystem supports Fantom USD (FUSD), a stablecoin fostering diverse financial activities. This architecture positions Fantom as a strong contender in the blockchain space, emphasizing speed, efficiency, and security.
FTM is Fantom’s native utility token used for payments, network fees, and securing the network through staking. It is vital for operations within Fantom’s ecosystem and trades actively across various markets. On the other hand, FUSD serves as a stable synthetic asset in Fantom’s DeFi ecosystem, though it is not yet in circulation. These tokens are integral components that facilitate DeFi applications, provide liquidity, and support transactions on the Fantom network.
Fantom is designed to be a highly scalable blockchain platform for decentralized finance (DeFi), crypto dApps, and enterprise applications. It aims to address the blockchain trilemma of scalability, security, and decentralization by using its unique consensus mechanism, Lachesis. This mechanism allows for faster and cheaper transactions compared to traditional blockchains, making it a suitable foundation for developers and enterprises seeking efficient and secure blockchain solutions.
Fantom's Lachesis consensus mechanism is an asynchronous Byzantine fault-tolerant (aBFT) protocol designed for scalability and efficiency. It operates by allowing secure and fast transactions with reduced costs, supporting a large number of nodes without compromising performance. Lachesis is compatible with Cosmos SDK and the Ethereum Virtual Machine (EVM), enabling seamless blockchain application deployment and increasing interoperability within the ecosystem.
Fantom offers several advantages over traditional blockchains, including near-instantaneous transaction finality and minimal transaction costs. Its use of Directed Acyclic Graphs (DAG) instead of traditional block ledgers enhances scalability and speed. Furthermore, Fantom’s support for smart contracts and interoperability with platforms like Ethereum makes it developer-friendly, while its hybrid infrastructure effectively combines the strengths of layer 1 scalability with layer 2 security, optimizing for both performance and security.
Fantom addresses scalability issues with its consensus mechanism Lachesis and its use of Directed Acyclic Graphs (DAG) instead of traditional block systems. This architecture allows for instantaneous transactions and low-cost infrastructure, which are critical for scalable solutions. By ensuring compatibility with Cosmos SDK and EVM, and providing a hybrid infrastructure with layer 1 and layer 2 solutions, Fantom ensures that blockchain applications can scale without sacrificing security or decentralization.
Fantom helps developers overcome common blockchain challenges by providing a CaaS platform with an aBFT consensus mechanism that enhances scalability, speed, and security. Its open-source technology supports smart contracts, ensuring ease of integration and flexibility for various applications, from DeFi to enterprise solutions. The platform’s scalability, interoperability, and low transaction costs address issues like slow transaction speeds and high fees prevalent in other blockchains, allowing developers to build efficient, decentralized applications.
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