What is Fantom blockchain?

Fantom is a layer-1 blockchain aiming to provide an alternative to the high costs and low speeds about which users of Ethereum often complain. Fantom runs on a directed acyclic graph blockchain, similar to Hedera Hashgraph.

How does the Fantom network work?

Nodes on the Fantom Network reach a common agreement through the Lachesis Consensus algorithm; a DAG-based, leaderless, and asynchronous Byzantine Fault Tolerant Algorithm. Other noteworthy feature of the Fantom blockchain includes the gas subsidy system that encourages adoption of the Fantom network.

What is Fantom ecosystem?

After putting much research and planning into building an ecosystem for months, Fantom was officially launched in Jan. 2018. This was done by a team called Fantom foundation. Fantom Foundation seeks to develop the ecosystem for a more decentralized, transparent, and adept future.

What is Fantom’s consensus mechanism?

Fantom’s mainnet deployment—Fantom Opera—is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol. Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality.