The Fantom Foundation was created by the south korean Dr. Ahn Byung, who supervises it since its creation, on October 30, 2018. He is also the one behind the Lachesis protocol, which combines a DAG (Directed Acrylic Graph) and a BFT system, allowing the Fantom network to run at near full power, even with a tier of faulty nodes. Subsequently, the project became Binance Smart Chain (BSC) compatible in May 2019. The foundation is now managed by David Richardson, former CEO of Mid-Ocean Consulting, and Michael Kong. They work alongside Andre Cronje (creator of Yearn.finance), particularly for his expertise in decentralized finance (DeFi).
Last Page Update
October 26, 2021
Founder(s)
Dr. Ahn Byung
Mainnet Launch
August 2020
Consensus
Proof of Stake (PoS), Lachesis
Architecture
Single-chain (Synchronous)
Security
Global
Validators
~60
Type
Layer 1
VM/Dev
EVM (Solidity, Vyper)
TPS
10000
Economics
Variable Tx Fees
Avg Tx Fee
~$0.0001
Rating:
- Performance
Transaction speed and network scalability
4/5
- Security
Operating mechanism and validators
5/5
- Economics
Functioning of the economy and distribution
3/5
- Ecosystem
Scope of the ecosystem and partners
3/5
- Team & Community
Team experience and community strength
4/5
- Fees
Cost of transaction fees (the higher the score is, the lower the fees are)
5/5
Blockchain Categories:
0
Tags
Platform
DeFi
Smart Contracts
Research
Enterprise Solutions
Can be Staked ?
Yes
0
%
Annual Interest
Community rating:
0 out of 5 stars (based on 0 reviews)
There are no reviews yet. Be the first to write one!
