Fantom: Abbreviated Introduction
The Fantom Foundation has built a highly scalable blockchain ecosystem that facilitates decentralized, scalable, and secure technologies. The project started in 2018.
Fantom is a fast, scalable, and secure layer-1 platform built on a permissionless aBFT consensus protocol.
The speed, low transaction costs, and high throughput make Fantom ideal for DeFi applications and real-world uses. Several GameFi products have already integrated with Fantom. Fantom has more than 1.5 million unique addresses.
Fantom currently ranks 10th in Total Value Locked (TVL) in DeFi.
Many Ethereum protocols have deployed to Fantom to create a seamless cross-chain ecosystem. These include Keep3rV1, Cover, Cream, Frax, Sushiswap, Yearn, and others. The recent Snapsync upgrade is a central element of Fantom Foundation’s strategy for the future, which will support further upgrades and increased network throughput.
Fantom Foundation is registered in the Cayman Islands, a crypto-friendly jurisdiction. Cayman Island hosts many projects in the industry.
The Fantom token (FTM) is the utility token of the Fantom ecosystem. The token supply is finite at 3.175 billion, while ~2.5 billion tokens are currently in circulation.
The company has a significant presence across social media, with almost 500k followers on Twitter, more than 30k members on its Telegram channel, and over 37k members in its Reddit group.
Since its launch in 2019, the Fantom Foundation has achieved many important milestones in the project. Currently, as major steps on its roadmap, the team is actively working on implementing PebbleDB and RAID on RPC nodes and implementation of flat storage. The latter will allow for faster execution of smart contracts.
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