Fantom is a fast, scalable, and secure layer-1 platform built on a consensus protocol called Lachesis which is a breakthrough aBFT consensus algorithm developed by Fantom. The network is also permissionless, decentralized, and open-source.
Due to its revolutionary aBFT consensus mechanism, Fantom promises to be much faster and cheaper than traditional technologies but extremely secure at the same time.
Speed - Fantom achieves transactions finality in 1 second on average.
Scalability -Fantom can process thousands of transactions per second and can scale to hundreds of nodes.
Security - Lachesis provides institutional-grade security to distributed networks. Fantom offers absolute finality, which means that transactions can never be reverted like in networks with probabilistic finality.
Fantom is also leaderless. By removing leaders, security doesn’t rely on a small set of actors.
Smart contract support - Fantom is fully compatible with Ethereum. Developers can create and deploy smart contracts as they would on Ethereum.
Consensus-as-a-service - Lachesis can be used to create any kind of private and public distributed ledger, using EVM or Cosmos SDK.