Fantom is the world's first DAG based smart contract platform.
FANTOM is a new DAG based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies. The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based pro-tocols. The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus. This protocol is intended to be integrated into the Fantom OPERA Chain. The aim is to allow applications built on top of the FANTOM OPERA Chain to enjoy instant transactions and near zero transaction costs for all users.
The mission of FANTOM is to provide compatibility between all transaction bodies around the world, and create an ecosystem which allows real-time transactions and data sharing with low cost.
Issues of scalability
In existing blockchains, all nodes verify and store a single block at a time, leading to longer time in creating blocks and limitations in block size. Therefore, no matter how many nodes are connected, the performance will be limited by the speed of each node. The more transactions require processing, the worse the performance due to bottlenecks on the network itself.
Various fees occur when exchanging value using blockchain. Major fees include transaction confirmation fees paid to block miners, and the block reward itself. These fees incentivise consensus participants, and secure the network against attacks such as DDOS and staking attacks.
Blockchain only uses information stored in blocks – it cannot obtain information from the outside world to verify prior transactions, and the information stored inside existing blockchains only can provide limited functionality.
The FANTOM OPERA Chain is intended to solve the scalability limitations of existing blockchain with the Lachesis Protocol. This is intended to nbe achieved by adopting a meth- od where a single event block verifies the previous transaction, and transac- tions are verified and processed asynchronously without being approved by the miners as in prior blockchains. Thus, increased transactional load will not lead to delayed approval or bottleneck effects. It intends to also manage historical information on its own without being assisted by external databases such as the Oracle Database. Event blocks that store information from transactions that arise include multiple data packages. A data package may include transactions, Smart Contracts, historical information, reputation management, and rewards.
The FANTOM OPERA Chain intends to make the processing infrastructure in our society more transparent and reliable. With fast and safe processing methods based on DAG and independent management of historical information through “Story Data”, the Lachesis protocol is intended to be expanded into various industries along with Smart Contracts.
Application Layer, Opera Ware Layer, and Opera Core Layer, these three layers allow decentralised applications to run. Instead of blocks, the Opera Chain processes a list of events asynchronously with no rights to modify previous confirmed transactions.
|Round||Token Price||Bonus||Min / Max Purchase||Soft Cap||Hard Cap|
15 Jun 09:00 UTC
16 Jun 09:00 UTC
|0.04 USD||No||Min 0.2 ETH||Uncapped||2,000,000 USD|
Private Sale —
|NA||15% - 30%||-||Uncapped||37,400,000 USD|
Bonus locked for 3 months.