Layer 1 Blockchain
Price: $0.85
Market Cap: $2,383,859,811
1 Month Performance: 24.21%
1 Year Performance: 129.80%
All-Time High: $3.4842
Fantom ($FTM ) is a Layer 1 blockchain platform designed to address the limitations of traditional
blockchains, focusing on scalability, speed, and affordability for decentralized applications. Instead of functioning as a Layer 2 solution, Fantom operates as an independent network, similar to Ethereum. The key innovation of Fantom lies in its Directed Acyclic Graph (DAG) structure, known as the Lachesis Protocol, which is fundamental to the platform's architecture. This
structure enables a high degree of scalability, allowing for rapid transaction processing and
significantly increased throughput compared to conventional blockchains. At the heart of Fantom's design is its unique consensus mechanism, aBFT (asynchronous Byzantine Fault Tolerance), known for its efficiency and security. This mechanism ensures reliable network performance while resisting attacks, providing users with a trustworthy and stable environment for their transactions and smart contract operations. One of Fantom's standout features is its cost-effectiveness. The implementation of the DAG structure allows for reduced transaction fees, making it an economically viable platform for deploying smart contracts and executing transactions. Fantom's support for smart contracts and decentralized applications allows developers to create a wide range of applications and tokenized assets on the platform. The Fantom Opera Mainnet serves as the primary network, fostering various use cases across industries, from DeFi platforms to enterprise solutions.
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