Fantom

Fantom FTM is a blockchain platform that was designed to address some of the shortcomings of existing blockchain networks. The platform was created by Michael Kong and his team in 2018. They aimed to create a blockchain network that could handle large volumes of transactions quickly, while keeping transaction fees low. To achieve this, they developed a consensus mechanism called Lachesis, which is a type of Directed Acyclic Graph (DAG) protocol.

Fantom FTM has a number of features that make it attractive to developers and users. One of its key advantages is its high transaction speeds. The platform is capable of processing up to 300,000 transactions per second (tps), which is significantly faster than most other blockchain networks. This makes it well-suited to applications that require fast transaction processing, such as decentralized finance (DeFi) and gaming.

In addition to its fast transaction speeds, Fantom FTM also has low transaction fees. This is possible because the Lachesis consensus mechanism does not require miners to validate transactions. Instead, a group of validators are responsible for ensuring the integrity of the network. Because there are no miners, transaction fees are much lower than on other networks.

Fantom FTM is also highly interoperable. It can interact with other blockchain networks, allowing users to transfer assets and data between them. This makes it a useful platform for developers who want to build applications that can interact with multiple blockchains.

Since its launch in 2020, Fantom FTM has gained popularity among developers and users. The platform has been used to build a range of applications, including DeFi protocols, NFT marketplaces, and more. The Fantom Foundation, which oversees the development of the platform, has also formed partnerships with a number of other blockchain networks, including Chainlink and Band Protocol.

Overall, Fantom FTM is a promising blockchain platform that offers fast transaction speeds, low transaction fees, and high interoperability. As the blockchain industry continues to evolve, it will be interesting to see how Fantom FTM and other platforms like it continue to develop and grow.