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What is Fantom - How does Fantom operates

Fantom is one of Ethereum's competitors. It is a decentralized, permissionless, open-source layer for decentralized applications. Fantom superior scalability and inexpensive transactions. Fantom’s CEO is Michael Kong. When well-known developer Andre Cronje published a project that would be first developed on the Fantom blockchain, a rush of assets into Fantom protocols occurred in late 2021. After finding out what is Fantom, they research How does Fantom operates.

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As you know what is Fantom, it advertises as a open-source, decentralized, permissionless, smart contract platform, similar to many other cryptocurrency platforms. Fantom and Fantom crypto exist on a programmable blockchain and supports a variety of DeFi assets. What makes a difference is the "trilemma" of scalability, security, and decentralization in cryptography is supposedly solved by Fantom's design and consensus process.
Lachesis that a "leaderless" consensus method developed by Fantom, is another invention. The technique is an asynchronous though zantine fault-tolerant variation of proof of stake (aBFT). The advantage is that it can continue to function normally even if a third of the transaction data is false.
The Fantom platform focuses on solving the main problems currently faced by developers: speed, security, and cost. Fantom is well matched with the Ethereum virtual computer, unlike Solana (EVM). Transferring decentralized apps created on Ethereum to Fantom is easy.
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