Fantom is a smart contract platform that intends to solve the scalability issues of existing public blockchain technologies.
Fantom allows developers to launch digital assets and decentralized applications (dApps). The platform can support thousands of transactions per second at minimal cost to its users.
The network is secured by validator nodes that form the global, trustless, and leaderless Proof-of-Stake network. Fantom is also EVM-compatible, allowing Ethereum developers to deploy and run their Ethereum dApps on Fantom.
- Through dApps like Anyswap, users who want to bridge their assets to Fantom can do so easily from Binance Smart Chain and Ethereum.
- FTM tokens are intended to be used to pay transaction and smart contract execution fees, secure the network through Fantom's Proof-of-Stake (PoS) consensus, and vote within Fantom's on-chain governance system.
- The first block created, or genesis block, on the Fantom blockchain occurred on Dec. 27, 2019.
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