Fantom Price FTM-INR

Fantom is a network of blockchains and is a high-performing, permission less, open-source smart contract platform for decentralized applications (dApps) and digital assets. Designed specially to overcome the shortcomings of previous generation blockchain platforms, it provides an alternative to Ethereum also known as ethereum killer.

Offering a steady balance of the blockchain trilemma, which includes scalability, lower costs, security, and decentralization, Fantom is much faster and cheaper than other older technologies.

Fantom features Lachesis – a revolutionary Asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism, which means, processing of network data can be done at different times, avoiding faulty or malicious behaviour without causing any harm to network processes. It also posses near instant-finality which means transactions excuetes in an average of one second without the wait of block confirmation. The leaderless Proof-of-Stake protocol that Fantom offers is exceptionally secure.

It just takes Lachesis, an average of one second, to confirm the transaction and finalize it. The long wait can be avoided by an aBFT system which is much faster and more scalable as compared to its counterparts like Byzantine Fault Tolerant (BFT).

Fantom’s Lachesis also offers a Directed Acyclic Graph (DAG) function, where the chronology of “event blocks” are recorded along with their respective transactions. Each node achieves internal consensus independently. The confirmed blocks are then compiled into finalized blocks that join the wider Fantom network. Each network that is built on Fantom is independent of one another.