- Category: Smart Contract Platform
- Coin Launched: October, 2018
- Resources: White Paper
- Official Website: Fantom
- Reddit: Fantom
FANTOM is a new DAG based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies.
The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based pro-tocols.
FANTOM History / Information / Buying / Staking
The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the platform’s CEO is Michael Kong. The team behind Fantom has extensive experience primarily in the field of full-stack blockchain development, and aimed to create a smart contract platform which privileges scalability, decentralization and security.
HOW FANTOM WORKS
Fantom’s components are modules that can be linked together by dApp developers. All of the platform’s components have stand-alone utility as well as integration links that allow them to be clicked together into applications on the Fantom smart contract platform at low cost.
BENEFITS OF USING FANTOM
Some of the benefits of using Fantom are:
COMPATABLE WITH ETHEREUM VIRTUAL MACHINE
HIGHLY SCALABLE WITH LOW FEES
MULTIPLE BRIDGES TO OTHER BLOCKCHAIN NETWORKS
EARN UP TP 13% APY BY STAKING FTM
CAN YOU STAKE FANTOM
The Lachesis ABFT consensus mechanism is an enhanced PoS system. Anyone can be a validator by staking 3.175 million FTM. Users can participate in validation – including earning rewards – by staking one or more FTM to established validators. The reward for staking tokens to a validator for 365 days is equivalent to a 13% annual percentage yield. Delegating without a long-term commitment earns a 4% APY.
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