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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:

Transaction speed and network scalability

4/5

Operating mechanism and validators

5/5

Functioning of the economy and distribution

3/5

Scope of the ecosystem and partners

3/5

Team experience and community strength

4/5

Cost of transaction fees (the higher the score is, the lower the fees are)

5/5

Cryptocurrency:

Blockchain Categories:

0
Tags
Platform
DeFi
Smart Contracts
Research
Enterprise Solutions
Can be Staked ?
Yes
0 %
Annual Interest

Community rating:

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