Fantom

Fantom is a high-performance, scalable, and secure smart-contract platform. It is designed to overcome the limitations of previous generation blockchain platforms. Fantom is permissionless, decentralized, and open-source. Lachesis, its revolutionary aBFT consensus mechanism, allows Fantom to be much faster and cheaper than older technologies, yet extremely secure.

Fantom uses an algorithm called Lachesis. It is an asynchronous Byzantine Fault Tolerance (aBFT) consensus algorithm. The main advantage of aBFT is its scalability and speed. aBFT ensures that the network maintains consensus even in the event of malicious activity or if some nodes fail to respond.

Running a node requires a stake of FTM tokens, and there are specifications regarding the server configuration for optimal performance, which might include requirements for RAM, CPU, and storage. Benefits can include earning rewards for participation in the network, contributing to the security and robustness of the system, and supporting decentralization.

Fantom provides several software development kits (SDKs) including:

• JavaScript
• Go
• Java SDKs.

Yes, Fantom has a native token called FTM. The FTM token is used for securing the network, paying for network fees, and participating in the network's governance.

Fantom's Lachesis consensus allows for high throughput. Fantom is capable of processing transactions in 1-2 seconds and had a capacity of several hundred transactions per second. However, these numbers might have increased due to ongoing developments in the network.

Developers can build a wide variety of decentralized applications (dApps) on Fantom. These include, but are not limited to, DeFi applications, decentralized exchanges (DEXs), games, NFT platforms, and more. Its compatibility with Ethereum tools like MetaMask and the Solidity programming language allows developers to easily port Ethereum dApps to Fantom.