Fantom Ecosystem
Fantom is a high-performance, scalable, and secure smart-contract platform. It is designed to overcome the limitations of previous generation blockchain platforms. Check out the table on this page that includes Fantom ecosystem projects with descriptions and interest levels based on the CryptoTotem algorithm. Learn more ↓
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| Project name | Description | Interest lvl | ||
|---|---|---|---|---|
 | FANTOM (FTM) | Description Fantom is a fast and scalable next-gen Layer-1 platform. | Interest lvl | Add to Watchlist |
 | WingSwap (WIS) | Description WingSwap is the first DeFi platform that provides both AMM and integrated NFT Farming on Fantom blockchain network. We provide automated, blazing fast and all-r ... | Interest lvl | Add to Watchlist |
 | MangaMon (MAN) | Description MangaMon is building the first GameFi Metaverse for Fans on Fantom by recreating the 5 hottest game in the past 20 years with millions of hardcore fans. | Interest lvl | Add to Watchlist |
 | Prizefighter (RING) | Description Prizefighter is the first fight-to-earn on the Boxingverse build on Fantom Chain. | Interest lvl | Add to Watchlist |
 | FantomPAD (FPAD) | Description FantomPAD is the primary launch and listing platform for the Fantom network. | Interest lvl | Add to Watchlist |
 | Fantom Maker (FAME) | Description Fantom Maker is a Launchpad and Incubator built on Fantom Opera, one of the most secure, cheap, and fast environments to build decentralized applications. | Interest lvl | Add to Watchlist |
What is Fantom network
Fantom is a blockchain framework for building decentralized applications based on the Directed Acyclic Graph (DAG).
Fantom went public appeared 2018. Ahn Byung Ik, a South Korean programmer and doctor of computer science, is behind its creation. However, in February 2019, the scientist left the project and the Fantom Foundation organization, headed by Michael Kong, became responsible for its further development.
And the headquarters is registered in the Cayman Islands. It is worth noting that one of the co-founders of the Fantom Foundation is the world-famous developer Andre Cronje.
Partners & investors
There are more than 300 DApps in the Fantom ecosystem, according to the team.
Fantom key investors include:
- Jump Crypto
- Hashed Fund
- Hyperchain Capital
- Signum Capital
- Arrington XRP Capital
- Bibox Fund
- Link VC
- Nirvana Capital
- JRR Group and many others.
Key solutions of Fantom blockchain
Fantom architecture includes a Proof-of-Stake algorithm in the form of its own Lachesis protocol. It also serves to process and deploy smart contracts. The main tool that provides the system with high security of operations in Fantom is the Directed Acyclic Graph (DAG). At the same time, DAG provides the blockchain with ultra-fast data transfer, allowing the exchange of information between nodes in the network, which in turn affects the favorable level of security.
Fantom has implemented a smart contract chain in the form of the Fantom Opera Chain so that other third-party blockchain-based projects can take advantage of Fantom. This is an EVM-compliant chain. Projects benefit from nominal transaction fees and high transaction speeds.
It is worth noting that the Lachesis protocol significantly increases the TPS of the blockchain to 4500 per second. And on average, this is much higher than, for example, the BTC network, which can process only 7 transactions per second.
There is a common standard of Byzantine fault tolerance for blockchain, which is necessary to ensure transparency and reliability of networks. For example, To ensure correct operation and consensus, Fantom uses the Asynchronous byzantine fault tolerance (ABFT) protocol.
Upgrading to Fantom Sonic
Fantom’s big update cannot be ignored either. After all, according to official reports, the ecosystem will soon be migrating to a new blockchain called Fantom Sonic.
In the long term, after the Sonic upgrade, the network will be able to process about 180 million transactions per day.
In addition to increased throughput, the upgrade involves a number of other changes:
- Simplification of staking and support for liquid staking
- Introducing rollups and creating a crosschain bridge with ETH;
- Developing grant programmes;
- Running a campaign to reward users of Opera core network and Sonic upgrade;
- Implementation of a parallel Fantom Virtual Machine (FVM);
Token FTM
FTM is a native cryptocurrency (token) of the Fantom platform. The token is used for transactions, payment of in-network fees, staking, and for the purpose of project management, as part of governance mechanisms.
The team conducted an initial coin offering (ICO) in June 2018, selling 40% of the existing FTM to early investors. Thanks to this, the representatives managed to raise $40 million.
Conclusion
Despite the existing high performance of the platform, developers are introducing new technologies to increase the speed of the network. In two years, the team created and announced the Sonic update, which increases the blockchain’s TPS by 10 times.