What is Fantom?

Fantom is a smart contract platform launched to address scalability issues of existing public distributed ledger technologies. It utilizes a directed acyclic graph (DAG) approach and incorporates a unique consensus protocol known as the Lachesis Protocol. This protocol is integrated into the Fantom OPERA Chain, allowing for applications built on this chain to facilitate instant transactions and minimal transaction costs.

The platform aims to enhance compatibility among global transaction entities and to enable a framework for real-time transactions and data sharing at low costs. The technical architecture focuses on improving upon traditional block ledger systems while maintaining efficiency and accessibility for users.