Fantom

Fantom(FTM) is a blockchain platform designed for high-speed, scalable, and secure smart contract execution. It utilizes an innovative consensus mechanism called the Lachesis Protocol to achieve consensus asynchronously, making it suitable for a wide range of applications.

Fantom was founded in 2018 by Dr. Ahn Byung Ik, an entrepreneur with a background in technology and finance, who envisioned a blockchain solution to address scalability and usability challenges. In 2018, Fantom raised funds through an ICO. In 2019, the project launched its mainnet and released its consensus protocol. Fantom Opera, a layer-1 blockchain, went live in 2020. Partnerships with governments and enterprises showcased adoption potential.

Fantom continued to advance its ecosystem. The project gained traction in DeFi, offering high-speed transactions and low fees. The launch of the Fantom Finance platform demonstrated its capability to support various financial applications. Integrations with other blockchain networks highlighted its interoperability focus. Refer to Fantom's official website and recent news sources.

Fantom is undergoing a major transformation with the upcoming Sonic upgrade, set to launch in late 2024. This upgrade will introduce a new blockchain network called Sonic, featuring the native S token that will replace the current FTM token on a 1:1 basis. Sonic will provide significant improvements in transaction throughput (up to 10,000 TPS) and finality (around 1 second), along with enhanced storage efficiency through its new Carmen database system. The network will also feature the Fantom Virtual Machine (FVM), which delivers up to 65x higher performance compared to the previous EVM implementation. With these advancements, Fantom aims to position itself as a leading blockchain platform capable of supporting high-frequency DeFi applications, blockchain gaming, and real-time oracles.

Above are only for introduction, not intended as investment advice.