Fantom
Fantom is building a platform consisting of quick,secure and DAG-based distributed ledger employing a BFT principles to realize accord, and a brand new verified complierand register based mostly virtual machine for sensible contract execution. The Platform aims to differentiate itself from ancient block-ledger storage infrastructure by trying attempt to use an improved version of existing DAG based professional tools. The Fantom platform adopts a brand new protocol called the “Lechesis Protocol” to keep up accord. This protocol is meant to be integrated into the Fantom OPERA chain.The aim is to permit application engineered on the highest of the Fantom OPERA chain to get pleasure from instant dealings and close to zero dealings prices for all users.
The Mission of Fantom is to produce compability between all dealings bodies round the world , and build system that permits real time dealings and knowledge sharing with low prices.
History-
Intermezzo stage(ICO) - June 15, 2018
Seria stage – Q3, 2018
Buffa stage – Q1, 2019
Operetta stage – Q3, 2019
Grand OPERA stage – Q2,2020
After going through months of research and planning, Fantom private limited was officially launched in January 2018 with the purpose of establishing a global Fantomecosystem.
Fantom foundation members – Byung Ik Ahn, Joseph Jang, Bob Tucker, Fred Pucci,Jake Choi, Michael Kong, Seung Mun Lee.
Partners Companies – Korea FoodTech Association, Oracle Corporation, QuantumEquity Partners.
Fantom aims to develop a brand new implementation of DAG-based accord, which intends to make a brand new platform that improves the quantifiability and flexibility of existing DAGs. FANTOM’s technology is meant to make doubtless infinite quantifiability, and method many thousands of transactions per second even withgiant numbers of nodes collaborating within the network.
The FANTOM OPERA Chain is meant to resolve the scalability limitations of existing blockchain with the Laches is Protocol. this is often meant to point achieved by adopting a way wherever on event block verifies the previous dealing, and transactions area unit verified and processed asynchronously while not being approved by the miners as inprevious blockchains.
FANTOM OPERA Chain intends touse a high-level Scala-based useful programming language that compiles tosensible contract bytecode on the FANTOM Network. FANTOM’s OPERA Chain consists of 3 layers: The Core Layer processes transactions at scale, the OPERA Ware Layer that supports sensible Contracts and alternative practicality, and alsothe OPERA application layer provides support for third party applications. TheOPERA Core Layer is the layer whose objectives ar to control reliable transactions in FANTOM’s scheme still as core chain technologies for theexchange of information. OPERA’s Core Layer could be a chain technology that'ssupposed to theoretically method up to 300,000 transactions per second.
OPERAChain The LCA intends to form a “Lachesis DAG”based on the Lachesis Protocol. A set of links between event blocks form a DAG,which is a distributed system that stores arbitrary data that cannot be changed. 1. Event Blocks- Storage Data, Signature. 2. Flag Table- ClothoIndex, Connectivity. 3. Connectivity- A Greek deity is an occasion block that contains a Flag Table,and may see the supra-majority of blocks created within the path of previousevent blocks. The event block that may connect a supra-majority among event blocks are going to be appointed because the Greek deity and used for the appointment of Greek deity and for the agreement of alternative event blocks.
4. Atropos - Atroposis a set of special event blocks. It is appointed based on the information inC lothos and constitutes the Main Chain. It is also utilized in validation ofevent blocks in a specific stage.
5. Main Chain - The Main Chain consists of Atropos andrelated event blocks. The Main Chain intends to be used for the validation ofevent blocks and to maintain the entire network structure.
FUSD- A Fantom-based stable coin that’s pegged to the U.S. dollar.
FSWAP- A synthetic asset decentralized trading platform
FLEND- Aliquidity pool from which user scan lend or borrow.
80+dAPPS already on deployed on Fantom- Crv Sushi YearnFinance PaintSwap TrustWallet
Token Type– ERC20 and BEP2 TotalSupply – 25,000,000,000 SeedSale Allocation – 3.15% of Total Supply SeedSale Price – $0.016 Private Sale Allocation – 37.04 % of Total Supply PrivateSale Price – Price $0.031 Public Sale Allocation – 1.57% % of Total Supply Public Token Sale Price - $0.04
DATE NEWS/EVENTS IMPACT 05-03-2022 Fantom Foundation Retorts Andre Cronje's Publicized Exit from Crypto -20% decrease 01-03-2022 Fantom surpasses Ethereum on daily transaction volume +11% increase 09-03-2022 Solidily launched on Fantom +13% increase
Overall, Fantom could be a Layer-1 blockchain that uses a scratch-built agreement mechanism and freelance agreement layer, Lachesis, to facilitate DeFi and connected services on the idea of good contracts. Lachesis provides security for different layers likewise, together with Opera, Fantom's EVM-compatible good contract chain. One of Fantom's key strengths is its performance and economical dealing process, particularly thousands of transactions per second, wherever transactions are settled in 1-2 seconds, and therefore the value is fractions of a cent per dealing. As a result, Fantom provides higher quantifiability, however at a lower value.
