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Fantom

RANK #11 ... DAPPS DEFI CRYPTO ENTERPRISE APPLICATION
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EcoSystem Score
75
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ecosystem-score-icon ECOSYSTEM SCORE

ECOSYSTEM SCORE

The score reflects the overall worthiness of the blockchain's ecosystem, as determined by regular monitoring and collective reviewing of the ecosystem.
11 May 2025
75
alert-icon ALERTS
Sep 19, 2022

Service CoinGecko API seems has been resolved on 17 Sep

Sep 19, 2022

Service CoinGecko API seems to be down on 17 Sep

Aug 30, 2022

Service CoinGecko API incident has been resolved

Aug 30, 2022

Service CoinGecko API seems to be down

Aug 22, 2022

Service CoinGecko API incident has been resolved on 21 Aug

Aug 22, 2022

Service CoinGecko API seems to be down on 21 Aug

Aug 10, 2022

Service CoinGecko API seems to be down

Aug 10, 2022

Service CoinGecko API incident has been resolved

Aug 01, 2022

Service CoinGecko API issue is resolved

Aug 01, 2022

Service CoinGecko API seems to be down

review-notes-iconREVIEW NOTES
Jun 21, 2022

Documentation score is increased as API documentation are added

Jun 21, 2022

The third-party score was increased as Stellar cloud platform was added.

Jun 21, 2022

Foundational tools score is decreased due to SDKs and programming languages

Jun 21, 2022

Foundation tools score is increased as SDKs are added

Jun 21, 2022

The ecosystem score decreased due to low compatability of SDKs.

Jun 21, 2022

Developer community score is increased as new data has been added.

Jun 21, 2022

The ecosystem score decreased due to low compatability of Programming Language Support.

Jun 21, 2022

Ecosystem score increased due to availabilitiy of documentation.

Jun 21, 2022

Foundation tool score has increased as Flutter SDK was added.

Jun 21, 2022

Foundation tool score has increased as Scala SDK was added.

Jun 21, 2022

Foundation score increases due to introduction of GO and C++ implementation.

Jun 21, 2022

Increasing Performance score because Node count has been added

Jun 21, 2022

Increasing Foundation tools score because Essintials tools and SDKs added

Jun 21, 2022

Decreasing documantion score because Skeleton code is not available

Jun 21, 2022

Foundation tools increases by essential tools, programming languages and sdks

Jun 21, 2022

Add-Ons are decreases by security auditing tool

Jun 21, 2022

Third party services increases by oracle integration and cloud provider

Jun 21, 2022

Perfomance score increased as read-write speed, gas fee and node count is available.

Jun 21, 2022

Documentation score increased as skeleton node and node validator are available.

Jun 21, 2022

Grant Program score decreased due to unavailability of Grant Data and Paid to Developers.

Jun 21, 2022

ADD-ONS score must be increased as Dao is added

Jun 21, 2022

Protocol Support score increased due to availability of Email, Chat and Ticketing System.

Jun 21, 2022

Updaing Performence data because nodes count has been added

Jun 21, 2022

Increasing Foundation tool score because SDKs has been updated

Jun 21, 2022

Increasing grant score no of developers and grant data has been added

Jun 21, 2022

Foundation tools decreases by essential tools, programming language support and sdks

Jun 21, 2022

Increasing Third party score manage API data has been added

Jun 21, 2022

Foundation tool score decreases due to addition of dosen't exist programming language.

Jun 21, 2022

SDK count decreased and Grant total is been decreased

Jun 21, 2022

Documentation score must be increased as all information is present

Jun 21, 2022

Adoption score increased as number of developers has increased.

Jun 21, 2022

Add-Ons score increased due to Plugins.

Jun 21, 2022

Foundation tools score is increased as new Programming Languages were added

Jun 21, 2022

Documentation score decreased due to no official skeleton code.

Jun 21, 2022

Third-party services score increased as Chainlink integrated with Moonbeam.

Jun 22, 2022

Add-Ons score increased due to Bridges.

Jun 22, 2022

FOUNDATIONAL TOOLS score decreased due to addition of new SDKS ie., Unity SDK

Jun 22, 2022

Documentation score is decreased as validator nodes doesn't exist

Jun 22, 2022

3rd party services score decreased as cloud provider doesn't exist

Jun 22, 2022

Add-ons is decreased due to no data of Intellij and VSCode

Jun 22, 2022

Documentaion increases by their existance

Jun 22, 2022

Add-Ons decreases by security auditing tools

Jun 22, 2022

Add-Ons score increased due to availability of Dao.

Jun 22, 2022

Third-party service score has increased due to Oracle Integration, Managed API and Cloud Provider.

Jun 22, 2022

Protocol Support score increased due to Email, Chat support and Ticketing System.

Jun 22, 2022

Protocol Support score decreased due to Email and Slack support.

Jun 22, 2022

The ecosystem score Increased due to availability of Protocol Support.

Jun 22, 2022

Ecosystem score Increased due to availability of Protocol Support.

Jun 22, 2022

Foundation Tools score is increased as Flutter SDK is added.

Jun 22, 2022

Foundation Tools score is increased as Flutter SDK is added.

Jun 22, 2022

Ecosystem Score increased due to addition of Protocol Support data

Jun 22, 2022

Ecosystem Score has increased due to availability of Protocol Support

Jun 22, 2022

Ecosystem Score has increased due to availability of Protocol Support

Jun 22, 2022

Documentation Score Decreased due to not availability of Node Setup & Validators

Jun 22, 2022

Documentaion Score decreased due to unavailability of Skeleton Code.

Jun 22, 2022

Foundation tools score decreases due to addition of doesn't exist programming language.

Jun 22, 2022

Add-Ons score increased as swapping tools were added.

Jun 22, 2022

Adoption score increased as GitHub commits were added.

Jun 22, 2022

The documentation score is increased as validator nodes are added.

Jun 22, 2022

Data transfer from Protocol support to Add-ons, Hence score increased.

Jun 22, 2022

Data transfer from Protocol support to Add-ons, Hence score increased.

Jun 22, 2022

Ecosystem score decreases with respect to Foundation tools score.

Jun 22, 2022

Ecosystem score decreases with respect to Foundation tools score.

Jun 22, 2022

Add-Ons score increased

Jun 22, 2022

Protocol Support score increased

Jun 22, 2022

Grant Program score has decreased due to unavailability of Grant data.

Jun 22, 2022

Grant total increased due to protocol support.

Jun 22, 2022

Add-Ons score decreased due to insufficient information.

Jun 22, 2022

Thirds Party services score increased due to Cloud Provider, Oracle Integration and Managed API.

Jun 22, 2022

Adoption score increased due to data verification.

Jun 23, 2022

Add ons score decreased due to insufficient information

Jun 23, 2022

Add-Ons score increased due to launch of bridge.

Jun 23, 2022

Adoption score has increased as github commits were added.

Jun 24, 2022

Third Party Sevices Score increased as Cloud Provider is added.

Jun 24, 2022

Foundation score increased due to introduction of Glow language.

Jun 24, 2022

Foundation Tools score is increased as programming languages are added.

Jun 28, 2022

Protocol score decreased due to read-only slack channel.

Jun 28, 2022

Add-ons score is increased due to the introduction of DAO.

Jun 28, 2022

Add-Ons score decreased due to insufficient data.

Jun 28, 2022

Foudational tools score decreased due to insufficient data

Jun 29, 2022

Community score decreased due to hidden Telegram online members.

Jun 30, 2022

Performance score is decreased due to error in Uptime.

Jun 30, 2022

Ecosystem score Increased due to availability of Protocol Support.

Jun 30, 2022

Performance score is decreased due to error in Uptime.

Jun 30, 2022

Documentation Score has decreasd due to unavailability of Skeleton Code

Jul 01, 2022

Documentation score is increased as skeleten code is added

Jul 04, 2022

Add-ons score increased due to addition of library from VSCode, Intellij, etc.

Jul 04, 2022

Adoption score increased by fetching data like developer, repository, etc.

Jul 06, 2022

Ecosystem Score is decreased due to unavailability of Grant Program.

Jul 06, 2022

Ecosystem Score is decreased due to unavailability of Grant Program

Jul 06, 2022

Documentation score increased as skeleton node, node validator is available

Jul 06, 2022

Protocol Support score has increased as Email,chat and ticketing system has added

Jul 06, 2022

Protocol Support score has increased as Email,chat and ticketing system has added

Jul 06, 2022

Documentation score increased as skeleton node, node validator is available

Jul 06, 2022

Documentation score increased as skeleton node, node validator is available

Jul 06, 2022

Protocol Support score has increased as Email,chat and ticketing system has added

Jul 06, 2022

Protocol Support score increased due to Email Support.

Jul 06, 2022

Adoption score is increased as number of developers count increased.

Jul 06, 2022

Foundation Tools score increased due to new programming languages.

Jul 06, 2022

DOCUMENTATION score increased due to addition of skeletion code item

Generated by www.scortik.com
performance_icon PERFORMANCE

PERFORMANCE

The score depicts the network's performance rating based on metrics like avg TPS, nodes, gas fees, and uptime.
Empty container
100
Nodes
Blockchain nodes store a complete copy of the distributed ledger and are responsible for the reliability of the stored data
60
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Write Speed
Time taken to write data to block.
1
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Read Speed
Read speed can be an internal mechanism of a blockchain node, such as fetching data in the process of validating transactions.
180
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Gas Fee
Gas fees is the transaction fees paid to miners on a blockchain network in order to get a user's transaction to be included in the block.
272,036
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Uptime
The percentage of time in which a system remains in operation, i.e. properly functioning
100
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NODES

60

WRITE SPEED

1

READ SPEED

180

GAS FEES

272,036

UP TIME

100

PERFORMANCE MATRIX VALUE MONITORED AT
Read Speed 180 May 11, 2025 6:00 AM
foundationtools_icon FOUNDATION TOOLS

FOUNDATION TOOLS

The score represents the development support the protocol offers to developers in terms of tools and resources.
Empty container
40
ESSENTIAL TOOLS

Developer IDE

Remix

Web-based IDE with built in static analysis, and a test blockchain virtual machine.

Address
https://remix.ethereum.org/
EthFiddle

Web-based IDE that lets you write, compile, and debug your smart contract.

Address
https://ethfiddle.com/
ChainIDE

A Cloud-Based Multi-Chain IDE

Address
https://chainide.com/
Replit

A customizable development environment for Ethereum with hot reloading, error checking, and first-class testnet support

Address
https://replit.com/@replit/Solidity-starter-beta
Visual Studio Code

Professional cross-platform IDE with official Ethereum support.

Address
https://code.visualstudio.com/
GitHub Repo
https://github.com/microsoft/vscode
Atom

A hackable text editor for the 21st Century

Address
https://atom.io/
GitHub Repo
https://github.com/atom
JetBrains IDEs (IntelliJ IDEA, etc.)

Essential tools for software developers and teams

Address
https://www.jetbrains.com/
GitHub Repo
https://github.com/JetBrains
Remix Desktop

Remix Desktop is an Electron version of Remix IDE. It works on Linux, Windows, & Macs. Experience Remix IDE on your local machine .

GitHub Repo
https://github.com/ethereum/remix-desktop/releases
TRON-IDE

Tron-IDE is an online editor that helps developers develop smart contracts. It has the characteristics of modularity, and provides editing, compiling, deploying, and debugging smart contracts in the form of plug-ins. If you have experience using remix, then using Tron-IDE will be more familiar and convenient

Address
https://developers.tron.network/docs/tron-ide
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Faucet

Chainlink faucet

Get testnet LINK for an account on one of the supported blockchain testnets so you can create and test your own oracle and Chainlinked smart contract.

Address
https://faucets.chain.link/
Paradigm

Paradigm is an investment firm focused on supporting the great crypto/Web3 companies and protocols of tomorrow. Our approach is flexible, long term, multi-stage, and global. We often get involved at the earliest stages of formation and support our portfolio with additional capital over time.

Address
https://faucet.paradigm.xyz/
Gorli faucets

This Ether faucet is running on the Goerli network. To prevent malicious actors from exhausting all available funds or accumulating enough Ether to mount long running spam attacks, requests are tied to common 3rd party social network accounts. Anyone having a Twitter or Facebook account may request funds within the permitted limits.

Address
https://goerli-faucet.mudit.blog/
Alchemy Goerli Faucet

Testnet tokens are a test currency that allows you to test your Ethereum application before going live on mainnet. Testnet tokens can be used in place of mainnet Ether tokens on testnets like Goerli.

Address
https://goerlifaucet.com/
Sepolia Faucet

Sepolia is a proof-of-work (PoW) testnet where dApp developers can test their applications. What differentiates Sepolia from other Ethereum testnets is that most of its PoW validators are public validators. Combined with Sepolia being a testnet, this creates the chance that validators will stop validating and the chain will fail to finalize, making Sepolia one of the best testnets to see how decentralized applications will perform under the harshest conditions.

Address
https://sepoliafaucet.com/
Testnet help
Address
https://testnet.help/en/tronfaucet/testnet
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Network Stats

2miners

Ethereum stats dashboard provides the most important blockchain statistics, graphs, and other performance metrics captured directly from online nodes

Address
https://2miners.com/eth-stats/
GitHub Repo
https://github.com/2miners
Etherscan

Ethereum stats dashboard provides the most important blockchain statistics, graphs, and other performance metrics captured directly from online nodes.

Address
https://etherscan.io/charts
GitHub Repo
https://github.com/topics/etherscan-io
TRON


Address
https://tron.network/
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Node Explorer

ETHERSCAN

Etherscan is a Block Explorer and Analytics Platform for Ethereum, a decentralized smart contracts platform.

Address
https://etherscan.io/
Ethplorer

An all-in-one platform for the world of the Ethereum blockchain .

Address
https://ethplorer.io/
etherscan

Ethereum Node Tracker shows statistics of all the nodes running on the Ethereum network. The statistics includes top 10 countries with the highest number of nodes, daily total nodes and nodes types by clients and OS.

Address
https://etherscan.io/nodetracker
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Smart Contract

Ethereum

A "smart contract" is simply a program that runs on the Ethereum blockchain. It's a collection of code (its functions) and data (its state) that resides at a specific address on the Ethereum blockchain.

Address
https://ethereum.org/en/developers/docs/smart-contracts/
Tron

A "smart contract" is an application program that runs on the TRON network. It's a collection of code (its functions) and data (its state) that resides at a specific account address on the TRON network. Smart contracts are a type of TRON account. This means they have a balance and they can send transactions over the network. However they're not controlled by a user, instead they are deployed to the network and run as programmed. User accounts can then interact with a smart contract by submitting transactions that execute a function defined on the smart contract, but interactions with them are irreversible.

Address
https://developers.tron.network/docs/smart-contracts-introduction
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Testnet

Arbitrum Rinkeby Testnet Explorer


Address
https://testnet.arbiscan.io/
Goerli Testnet Explorer


Address
https://goerli.etherscan.io/
Sepolia Testnet Explorer


Address
https://sepolia.etherscan.io/
Nile


Address
https://nile.tronscan.org/#/
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Wallets

TronLink


Address
https://tron.network/wallet?lng=
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PROGRAMMING LANGUAGE SUPPORT
Go


Address
https://medium.com/coinmonks/list-of-programming-languages-and-frameworks-used-in-41-crypto-projects-2b7223099c57#f009
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Javascript


Address
https://medium.com/coinmonks/list-of-programming-languages-and-frameworks-used-in-41-crypto-projects-2b7223099c57#f009
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Solidity


Address
https://medium.com/coinmonks/list-of-programming-languages-and-frameworks-used-in-41-crypto-projects-2b7223099c57#f009
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TypeScript
Address
https://medium.com/coinmonks/list-of-programming-languages-and-frameworks-used-in-41-crypto-projects-2b7223099c57#f009
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Rust
Rust Not Available
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Python
Python Not Available
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Java
Java Not Available
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SDKs
SDKS
Python Not Available
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SDKS
UNITY Not Available
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SDKS
Unreal Not Available
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SDKS
Idexo

The Idexo SDK and API solutions present developers with a vast range of methods, or functions, that carry out complex, smart-contract-based transactions. Executable with a single line of code, these methods can be easily called from within applications, thereby simplifying the steps needed to launch blockchain-based products.

Address
https://www.fantom.foundation/blog/idexo-brings-low-code-blockchain-apis-and-sdk-to-the-fantom-network/
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SDKS
ReactJs Not Available
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SDKS
IOS Not Available
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SDKS
Android Not Available
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SDKS
Delphi Not Available
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SDKS
DotNet Not Available
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SDKS
Rust Not Available
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SDKS
PHP Not Available
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SDKS
Javascript Not Available
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SDKS
GO Not Available
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SDKS
Dart Not Available
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SDKS
Java Not Available
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documentation_icon DOCUMENTATION

DOCUMENTATION

he score is derived by considering the documentation support offered by the protocol to help developers better understand the protocol's ecosystem.
Empty container
58
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API DOCUMENTATION

Exists

100
NODE SETUP

Exists

100
SKELETON CODE

Exists

80
VALIDATOR NODES

Exists

100
grantprogram_icon GRANT PROGRAM

GRANT PROGRAM

The score reflects the protocol's progressiveness in allocating funds to support the developers who are building on top of the blockchain.
Empty container
0
AVAILABLE GRANT
Amount available for grant (USD).
Grant Data Not Available
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PAID TO DEVELOPERS
Grant amount already paid to developers (USD).
Paid to Developers Data Not Available
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AVAILABLE GRANT

N/A

PAID TO DEVELOPERS

N/A

add-ons_icon ADD-ONS

ADD-ONS

The score reflects how equipped is the protocol's ecosystem with add-on tools like code editors, IDEs and security auditing tools.
Empty container
73
intellij
intellij-solidity

Essential tools for software developers and teams.

GitHub Repo
https://github.com/intellij-solidity/intellij-solidity/
Address
https://www.jetbrains.com/idea/download/#section=linux
GitHub Repo
https://github.com/tronprotocol/java-tron/blob/develop/build.md
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Security Auditing Tools
Consensys Diligence


GitHub Repo
https://consensys.net/diligence/blog/2019/03/all-ethereum-security-tools/
Security Auditing Tools Not Available
GitHub Repo
https://github.com/ConsenSys/Uniswap-audit-report-2018-12
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VSCode
ETHcode - Visual Studio Marketplace

Ethcode is a vscode extension for compiling, deploy, execute solidity and vyper smart contracts/programs in Ethereum blockchian. It supports multiple test networks. Ethcode has inbuilt support for Remix transaction debug and solidity unit testing.

Address
https://marketplace.visualstudio.com/items?itemName=7finney.ethcode
Tron-Legacy

A hand ported Tron Legacy color theme for VSCode with syntax extensions

Address
https://marketplace.visualstudio.com/items?itemName=bcomnes.tron-legacy
GitHub Repo
https://github.com/bcomnes/tron-legacy-vscode
VSCode Not Available
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Bridges

Blockchain bridges work just like the bridges we know in the physical world. Just as a physical bridge connects two physical locations, a blockchain bridge connects two blockchain ecosystems. Bridges facilitate communication between blockchains through the transfer of information and assets. Web3 has evolved into an ecosystem of L1 blockchains and L2 scaling solutions, each designed with unique capabilities and trade-offs. As the number of blockchains protocols increases, so does the demand to move assets across chains To fulfill this demand, we need bridges.

Address
https://cryptobriefing.com/the-top-bridges-interoperability-with-ethereum/
TronPad
Address
https://bridge.tronpad.network/
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dApps Adoption score
DApps Adoption Score Not Available
Dapp Radar


Address
https://dappradar.com/rankings/protocol/tron
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Key Customers Name

The Enterprise Ethereum Alliance (EEA) now has more than 200 member organizations including Samsung Group, J.P. Morgan, Mastercard, and Microsoft.

Address
https://consensys.net/blog/enterprise-blockchain/forbes-releases-top-50-billion-dollar-companies-exploring-blockchain-over-half-are-working-with-ethereum/
Key Customers Name Not Available
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NFT Adoption score
NFT Adoption Score Not Available
Nftone
Address
https://nftone.net/?page=1
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Plugins
Bitcoin & Altcoin Wallets

This cryptocurrency plugin lets your visitors deposit, withdraw, and transfer cryptocurrencies on your site.

Address
https://wordpress.org/plugins/wallets/
Ethereum ICO Wordpress Plugins


They provide a number of WordPress cryptocurrency plugins, like the Ethereum ICO WordPress plugin, that can help you to perform your ICO. Or simply sell or accept your ERC20/NFT tokens, Ether, Bitcoin, Litecoin, Dash, Dogecoin directly on your WordPress site. Set your MetaMask Ether ICO address and price Ethereum

Address
https://ethereumico.io/
Ethereum Wallet Plugin


The Ethereum Wallet WordPress plugin auto-creates a user wallet upon registration and allows user to send Ether or ERC20/ERC721 tokens from it.

Address
https://wordpress.org/plugins/ethereum-wallet/
TronPay WooCommerce

TronPay WooCommerce is a cryptocurrency payment module. It is a version of TronPay developed for WooCommerce. The biggest difference of TronPay WooCommerce from other plugins on the market is that it works with DApp (Decentralized App) logic and receives payments directly through crypto money wallets

Address
https://codecanyon.net/item/tronpay-woocommerce-tron-payments-gateway-plugin/36835334
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Swapping Tools
Uniswap Interface

Uniswap is a protocol on Ethereum for swapping ERC20 tokens without the need for buyers and sellers to create demand.

Address
https://app.uniswap.org/#/swap?chain=mainnet
Swapzone


Address
https://swapzone.io/
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Collaborator
Pholoneix


Address
https://tron.network/
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IntelliJ
IntelliJ Not Available
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thirdpartyservices_icon THIRD PARTY SERVICES

THIRD PARTY SERVICES

The score reflects the protocol's ability to provide third-party services such as Oracle integration, API management, and cloud services.
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100
Oracle Integration
Oracle Integration

Oracles are data feeds that bring data from off the blockchain (off-chain) data sources and puts it on the blockchain (on-chain) for smart contracts to use. This is necessary because smart contracts running on Ethereum cannot access information stored outside the blockchain network.

Giving smart contracts the ability to execute using off-chain data inputs extends decentralized applications' value. For instance, decentralized prediction markets rely on oracles to provide information about outcomes with which they can validate user predictions. 

Address
https://ethereum.org/en/developers/docs/oracles/
Tron Docs

Developers building on Tron can now leverage Band’s decentralized oracle infrastructure. With Band’s oracle, they now have access to various cryptocurrency price data to integrate into their applications.

Address
https://developers.tron.network/docs/band-oracle

Oracles Integrations on Layer 2 Rollups

Address
https://docs.uniswap.org/protocol/concepts/V3-overview/oracle#oracles-integrations-on-layer-2-rollups
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Cloud provider

Here is a list of some of the most popular Ethereum node providers, feel free to add any that are missing! Each node service offers different benefits and features in addition to free or paid tiers, you should investigate which ones best suit your needs prior to making a decision.

Alchemy, Ankr, BlockDaemon, Chainstack,DataHub, GetBlock,InfStones, Infura, Kaleido, Moralis, Pocket Network, QuickNode, Rivet, SettleMint, Watchdata, ZMOK

Address
https://ethereum.org/en/developers/docs/nodes-and-clients/nodes-as-a-service/
Cloud Provider Not Available
Cloud Provider Not Available
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Managed APIs
Managed APIs

JSON-RPC is provided on multiple transports. Geth supports JSON-RPC over HTTP, WebSocket and Unix Domain Sockets. Transports must be enabled through command-line flags.

Address
https://geth.ethereum.org/docs/rpc/server
GitHub Repo
https://github.com/ethereum/go-ethereum/wiki/Management-APIs
Managed APIs Not Available
UNISWAP Docs API usage

This section explains the Uniswap Subgraph and how to interact with it. The Uniswap subgraph indexes data from the Uniswap contracts over time. It organizes data about pairs, tokens, Uniswap as a whole, and more. The subgraph updates any time a transaction is made on Uniswap. The subgraph runs on The Graph protocol's hosted service and can be openly queried.

Address
https://docs.uniswap.org/protocol/V2/reference/API/overview#usage
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protocolsupport_icon PROTOCOL SUPPORT

PROTOCOL SUPPORT

It reflects how well the protocol's support system works in terms of communication tools, DAO rating, development community size, and stack exchange, among other things.
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100
Forum
Address
https://wayback.archive-it.org/16516/20210618210825/https://forum.ethereum.org/
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Google Group
Google Group Not Available
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adoption_icon ADOPTION

ADOPTION

It indicates how widely the protocol has been adopted in the industry, taking into account aspects such as the number of developers that are using it and the number of transactional values.
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100
DEVELOPERS
Number of developers contributing to the official Github account of the protocol
Developers Not Available
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REPOSITORIES
Total Github repositories of a protocol
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COMMITS
Total number of code commits in all Github repositories of a protocol in last 7 days
Commits Not Available
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DEVELOPERS

2,592

REPOSITORIES

180

COMMITS (7D)

1

100%
community_icon COMMUNITY

COMMUNITY

The score depicts the protocol's overall responsiveness toward its members in online communities like Discord, Telegram, Slack, Linkedin, etc.
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100

22.9K SUBSCRIBERS

1.4B ONLINE

18.1K SUBSCRIBERS

3.2K ONLINE

39.2K SUBSCRIBERS

44 ONLINE

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Overview

An efficient decentralized solution should be able to suffice three main components of blockchain technology, namely: scalability, security and decentralization; also known as the blockchain trilemma. Bitcoin for instance focuses on security and decentralization but is not preferable for fast confirmation speed to process the transactions, day-to-day asset transfer and trading.

Most importantly, the legacy financial systems whose processes take place in the back-end need fast block finality and high throughput.

To manage and monitor these problems fundamentally, Fantom is one of the robust protocols with a high-speed consensus mechanism that gives allows transactions to function at a fast speed without compromising on security and decentralization along with scalability.

About Fantom

Fantom network is a high-performance, EVM-compatible, scalable, secure and smart contract compatible platform. Its mainnet deployment, known as the Fantom Opera, is developed on the Fantom’s consensus algorithm Lachesis. This network is an asynchronous, leaderless and byzantine fault-tolerant (BFT) Layer 1 blockchain network.

It is one of the many blockchain networks designed to provide a substitute for Ethereum. Fantom aims to provide increased scalability and low transaction costs in comparison to Ethereum 1.0 iteration. One of the most unique attributes of the Fantom crypto platform is that its users can develop and deploy their independent networks by not relying completely on the Fantom’s core consensus layer. Every decentralized application built on Fantom can function on its own distinctive blockchain network.

Fantom’s architecture

Fantom has a modular architecture that gives permission for complete customization of blockchain networks in regards to the digital assets, with dynamic attributes altered as per the various use cases. It is a parent network that has various child networks within its architecture and ecosystem that hosts and regulates various dynamic dApps.

With aBFT and PoS consensus algorithm, Fantom’s operational efficiency is intact with high speed and the security also increases exponentially. It has various fundamental components like:

  1. Fantom mainnet: Opera
  2. Fantom staking
  3. FTM token
  4. fUSD stablecoin
  5. fSwap trading platform
  6. fLend liquidity pool

Fantom’s consensus algorithm

Fantom provides an increased level of security with the help of a leaderless Proof-of-Stake consensus algorithm to secure the blockchain network. It's Asynchronous BFT consensus named the Lachesis holds the potential to scale to various nodes worldwide in an open environment and permissionless way with a high level of decentralization. It does not function as per delegated Proof-of-Stake and has no such concept of any masternode on the network.

Key features of Fantom

  1. Open-source network
  2. Encourages ope-participation
  3. Has a network-based stablecoin: fUSD
  4. Smart contract capable
  5. Has a liquidity pool: fLend
  6. Modular architecture based on aBFT consensus with high scalability

Founder of Fantom

Michael Kong

Popular use cases of Fantom

  1. SpookySwap DEX
  2. ParaSwap DEX
  3. ChainPort cross-chain bridge
  4. Xpollinate cross-chain bridge
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