Fantom (FTM) is the world’s first DAG based Smart Contract platform that solves the issue of scalability and confirmation time of the existing blockchain technology. Fantom uses OPERA Chain (processes a list of events asynchronously with no rights to modify previously confirmed transactions), Lachesis Protocol (transactions are confirmed with a DAG) and Story Data (transaction and smart contract function may store a piece of data for tracking and supply-chain management). It has the following features:
-Instant Payment/Settlements – Asynchronously with instant confirmation
-Near Zero Cost – Less than 0.01$ USD
-Infinite Scalability – Capability increases as more nodes participate
-Open-sourced – Transparent
-300,000 TPS
Fantom's core blockchain developer and technology adviser is ANDRE CRONJE
Fantom has strategic partnerships with ORACLE, South Korean Government, Dubai, SBCK (Korean subsidiary of Softbank Group), Danfoss (a multi-billion dollar corporation and giant in the efficient energy industry and IoT infrastructure), Pos Bank (manufactures and sells POS terminals and peripherals in South Korea), Fuiou Group (a leading payment solution provider in China), Hancom Secure (one of the oldest IT companies of South Korea), Coinsilium (blockchain fintech), South Korean Food Technology Association, Yonsei University, SL Blockchain Partners, Quantum Equity Partners, Coinhills, King & Wood Mallesons (a Hong Kong-based legal cyrpto firm), Korean Association for the Promotion of the blockchain Industry (KBIPA), SFA (Singapore FinTech Association), Wehome (decentralized airbnb), and Terra (a decentralized stablecoin centered upon ecommerce).
Fantom is vice-chairman of board in the OBCIA (Open Blockchain Industry Association) whose members include MICROSOFT, IBM, The Loop, MediBloc, BlockO and Glosfer along with conglomerates Shinhan Bank, SK Telecom, LG U+, Kakao and more
