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  • Fantom is building a programmable platform on a directed acyclic-graph based distributed ledger.
  • Fantom uses an asynchronous byzantine fault tolerant Proof-of-Stake consensus mechanism called "Lachesis" and integrated with the Ethereum Virtual Machine (EVM) and the Web3JS stack. Users can thus write, compile, and deploy smart contracts on Fantom in the same way as they can on Ethereum.
  • According to the team, key features of Fantom relate to:
    • Speed: on Fantom, there is no need to wait for block confirmations; transactions are final and confirmed usually within 1-2 seconds.
    • Security: with the use of the Lachesis aBFT consensus protocol, Fantom can support a large number of nodes in a permissionless, open-source environment.
    • Smart-contract support: Fantom allows parties to execute smart contracts in a trustless and highly scalable environment.
  • The FTM token is required for staking, on-chain governance and as payment for network fees. Naturally, FTM can also be used to transfer FTM-denominated value.