by Fantom Foundation
Quick Fact
Fantom achieves near-instant transaction finality with low fees, making it one of the fastest and most efficient blockchains for decentralized applications
Fantom is an innovative blockchain platform designed to provide a robust infrastructure for decentralized applications (dApps) and smart contracts. Built on a unique consensus mechanism, Fantom is capable of delivering high transaction speeds without sacrificing decentralization or security. The platform’s modular architecture allows it to cater to a wide range of applications, from financial services and supply chain management to gaming and more. Supported by a dedicated team of developers, strategic partnerships, and an active community, Fantom is rapidly emerging as a leading blockchain project in the industry.
Fantom operates on a groundbreaking consensus mechanism called Lachesis, which is based on an asynchronous Byzantine Fault Tolerant (aBFT) approach. This innovative technology enables Fantom to process up to 300,000 transactions per second, making it one of the fastest blockchain platforms available. The Lachesis consensus ensures that the network remains secure against attacks and errors while maintaining high efficiency and decentralization.
The core of Fantom’s performance lies in its ability to achieve near-instant transaction finality with low fees. This makes Fantom an ideal choice for developers looking to build dApps that require quick and cost-effective transactions. The platform’s architecture is designed to handle high transaction volumes, ensuring that users experience fast and seamless interactions with the blockchain.
Fantom’s modular design allows it to be highly adaptable, supporting a variety of applications beyond traditional financial services. Whether it’s supply chain management, gaming, or any other use case, Fantom’s architecture is built to be flexible, enabling developers to create tailored solutions that meet specific needs. This modularity ensures that Fantom can evolve alongside the growing demands of the blockchain industry.