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Fantom is an open-source smart contract platform designed to provide high throughput, low transaction costs, and near-instant finality for decentralized applications (dApps). Utilizing a Directed Acyclic Graph (DAG) architecture and its unique Lachesis consensus mechanism, Fantom achieves transaction finality in approximately one second, with fees averaging less than $0.01. The platform is Ethereum-compatible, facilitating seamless integration with existing dApps and allowing developers to deploy their own blockchain platforms or applications with ease. The native FTM token powers the ecosystem, enabling staking, governance participation, and payment of transaction fees. Fantom's mission is to overcome the limitations of previous blockchain generations, combining scalability, security, and decentralization to support the development of decentralized applications and digital assets.
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