Fantom Foundation

Fantom is a blockchain platform for DeFi, crypto dApps, and enterprise applications, founded in 2018. Fantom aims to be faster, cheaper, and more scalable than older technologies through its aBFT consensus protocol, Lachesis. The primary token on Fantom is the FTM, used for securing the network through staking, for governance, for payments, and for fees.

Over eighty dApps are deployed on Fantom, with thousands of active daily users. Developers can build on fantomFantom using Solidity and tools such as Remix, Truffle, and MetaMask. Fantom is open-source, and its code is available on Github.

Fantom is secured using Proof-of-Stakeproof-of-stake instead of Proof-of_workproof-of_work, helping to prevent centralization and reduce electricity requirements. The consensus mechanism is scalable to hundreds of nodes, increasing decentralization and security. Fantom is open-participation and permission freepermission-free; anyone can run a node.