What is Fantom blockchain?

What is the Fantom blockchain? Fantom isn’t actually a real blockchain, but a DAG-based smart contract platform with 3 blockchains.

What are alternative Layer-1 blockchains?

Help is at hand in the form of alternative layer-1 blockchains like Solana, Avalanche, and the subject of today’s lecture: Fantom. Fantom is a smart contract -supporting blockchain, powered by its native FTM token. Following a $40 million raise, Fantom launched its mainnet in December 2019.

What is the blockchain trilemma?

This is known as the blockchain trilemma. Bitcoin for example focuses on decentralization and security, which makes it less suited for any kind of transaction that requires speed and fast confirmation, like day-to-day payments, data transfer, asset trading or other transactions consumers and businesses rely on in everyday life.

What is Fantom ABFT?

Fantom is a fast, high-throughput open-source smart contract platform for digital assets and dApps. Fantom’s aBFT consensus protocol delivers unparalleled speed, security, and reliability. Enjoy almost instant transactions and extremely low fees. Transactions on Fantom are finalized in a second and cost a fraction of a cent.