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Shaurya Malwa · 2 weeks ago · 2 min read
News Desk · 10 hours ago · 2 min read
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Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
IntoTheBlock is an intelligence company that uses machine learning and statistical modeling to deliver actionable intelligence for crypto assets.Explore Fantom
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1 FTM = 0.04 USD