Fantom (ftm) Price Index

Fantom is a DAG smart contract platform that provides decentralized financing to developers.

Fantom promises to overcome challenges connected with smart-contract systems, notably transaction speed, which developers believe is under two seconds.

The Fantom Foundation was formed in 2018 and OPERA, Fantom's mainnet, will launch in December 2019.

Fantom is a decentralized smart contract platform for DApps and digital assets. Fantom aims to overcome prior blockchain limits by balancing scalability, security, and decentralization. The project offers tools to integrate current DApps, a precise staking incentive structure, and built-in DeFi instruments.

Fantom uses a scratch-built consensus method and independent consensus layer, Lachesis, to facilitate DeFi and related smart contract services. Lachesis also secures Opera, Fantom's EVM-compatible smart contract chain. The project's long-term goal is "global transaction compatibility."

Fantom's performance and efficient transaction processing include thousands of transactions per second, settlement in 1-2 seconds, and transaction costs of fractions of a cent. Fantom offers more scalability for less money.

Lachesis protocol and Opera power the ecosystem.

The Lachesis protocol provides transaction speed and security for the Fantom network.

Lachesis is a DAG-based aBFT consensus engine. Network data can be analyzed at different times, and the network filters out individuals with erroneous or malicious conduct, without impacting network activities.

Fantom's aBFT Proof-of-Stake (PoS) consensus process ensures network efficiency and speed. Fantom developers underline that the PoS process is leaderless - there are no block or participant leaders, and anybody can join (or leave) the network of nodes.

Lachesis is asynchronous, leaderless, Byzantine-fault-tolerant, and near-instant.

Opera is Fantom's permissionless, open-source mainnet deployment tool for DApps. Fantom provides a comprehensive set of smart contract features, allowing users to interface with Ethereum platforms while preserving transaction efficiency.

Opera adopts a PoS paradigm and leaderless validators because the Fantom Foundation found that removing block leaders increases network security (validators do not determine which blocks are valid).

Fantom is a fast, secure, and cheap payment platform where users vote with FTM tokens (one token equals one vote). Users can express agreement/disagreement on an 0-4 scale.

FTM is Fantom's native PoS coin used for payments, network fees, staking, and governance. FTM enables fee collection, staking, and user rewards.

Fantom's founders

Dr. Ahn Byung Ik started Fantom Foundation. Michael Kong runs the platform.

Fantom's team has considerable full-stack blockchain development experience and sought to establish a scalable, decentralized, and secure smart contract platform.

Fantom's team includes engineers, scientists, researchers, designers, and entrepreneurs. Distributed platform employees are located worldwide.

Fantom's Uniqueness

Fantom uses a new consensus technique to enable DeFi and related smart contract services.

Lachesis claims increased capacity, two-second transaction finalization, and improved security over standard proof-of-stake platforms.

The initiative, like Ethereum, caters to developers building decentralized solutions. According to its documentation, its purpose is to "ensure global transaction compatibility."

Its in-house PoS token, FTM, permits fee collection and staking, as well as user rewards.

Fantom raised $40 million in 2018 through token offerings.

What's the circulation of Fantom (FTM) coins?

FTM is a PoS token with multiple iterations.

Users can acquire an ERC-20 standard FTM, which is automatically converted to native FTM in their wallet. Binance Chain offers FTM utilizing BEP2. Fantom OPERA's mainnet can only use native FTM.

3.175 billion FTM tokens are in circulation, with 2,134,638,448 in supply. Rest will be released through 2023.

Staking compensates FTM holders with a piece of the supply.

How secure is Fantom?

Fantom's network is secured with a custom proof-of-stake mechanism. Lachesis is an aBFT consensus mechanism.

Fantom minimizes low-cost attack risk by removing network leadership, and staking encourages users to secure activities with FTM tokens.