Fantom is a blockchain platform focused on delivering high performance, scalability, and security for decentralized applications (dApps) and digital assets. Utilizing a unique consensus mechanism known as Lachesis, which is an asynchronous Byzantine Fault Tolerant (aBFT) protocol, Fantom ensures fast transaction finality, typically within one second, and can handle thousands of transactions per second. This makes it particularly suitable for applications requiring high throughput and low latency. Fantom aims to address the limitations of previous blockchain platforms by offering a flexible and efficient infrastructure for developers to build and deploy smart contracts. The platform's native cryptocurrency, FTM, is used for transaction fees, securing the network through staking, and participating in governance decisions, fostering a decentralized and robust ecosystem.
