Fantom (FTM) Research

Fantom (FTM) Research Details

Fantom (FTM) Fantom

INTRODUCTION

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 AND FOUNDER

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 goingthrough months of research and planning, Fantom private limited was officialylaunched 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.


REASONS TO BUILD THE PROJECT

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.


BASE OF PROJECT

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.

 COMPONENTS-

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.


USE CASE

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
.


CURRENT RUNING PROJECTS

80+dAPPS already on deployed on Fantom-

Crv

Sushi

YearnFinance

PaintSwap

TrustWallet


TOKENOMICS

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  


MAJOR NEWS AND EVENTS


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


CONCLUSION

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 providessecurity 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 arsettled in 1-2 seconds, and therefore the value is fractions of a cent perdealing. As a result, Fantom provides higher quantifiability however at a lowervalue.

DISCLAIMER

Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto products are currently unregulated and subject to market risk. Please seek independent financial advice or do your own research before investing.