Fantom

Fantom is a blockchain platform designed to provide scalable, secure, and fast smart contract functionality. It uses Lachesis, an asynchronous Byzantine fault-tolerant consensus protocol operating on a directed acyclic graph (DAG). This architecture aims to enable parallel processing of transactions, high throughput, and short finality times, making it suitable for decentralized applications and DeFi.

The mainnet is called Opera and is Ethereum Virtual Machine (EVM) compatible, allowing developers to deploy Solidity contracts and port existing Ethereum dApps with minimal changes. Opera also supports cross-chain interoperability and bridges to Ethereum and other networks, facilitating asset and data transfer across ecosystems.

The native token of the Fantom ecosystem is FTM. It serves multiple roles, including staking by validators and delegators to secure the network, paying transaction fees, and participating in on-chain governance.

Development is overseen by the Fantom Foundation, with contributions from a community of developers, partners, and users. The project emphasizes a developer-friendly toolset, ongoing protocol improvements, and ecosystem growth to support a wide range of applications.

Use cases on Fantom include DeFi protocols, payments and settlement applications, supply chain solutions, and various enterprise implementations. The platform seeks to combine fast finality, low transaction costs, and Ethereum compatibility to attract developers and users seeking scalable blockchain infrastructure.

History notes indicate that the Fantom project was established by the Fantom Foundation with aims to build a scalable, interoperable blockchain platform. The Opera mainnet launched in the late 2010s, and since then the ecosystem has expanded with numerous projects and collaborations.