---
# System prepended metadata

title: Untitled

---

<p><span style="font-size:30pt"><span style="font-family:'Times New Roman'"><span style="color:#000000"><strong>What is Fantom ? - Foundation:</strong></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#000000"><img src="https://lh6.googleusercontent.com/SSDDmdf4KslG7qz6IZlvOGwUNX9yYDdV32hXLKtMZeeSKyGVIY1ylhYwyKDiQdSaU6KHXA1wic8n1Gw0Q6E1BNsC82fH6D8HszDHC4D6QvtAL7TQ2uDtRDCNkL4zkPDkkQpUCg2kr29Mm1plaC9rpxwPi5KO1iJkMHJ33zyhnzVdVDZMxUzQFix4c2TPyg" style="height:300px; width:602px" /></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525">Information for new investors: this article will answer your questions about</span></span></span><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525"><strong> </strong></span></span></span><a href="https://market247.io/what-is-fantom" style="text-decoration:none"><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#1155cc"><strong><u>&quot;What is Fantom?&quot;</u></strong></span></span></span></a><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525"><strong> </strong></span></span></span><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525">Fantom is considered a competitor of Ethereum; it is considered a decentralized, permissionless, open-source layer 1 blockchain for decentralized applications (dApps), boasting scalability. Superiority and transactions do not carry much financial cost.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525">When famed developer Andre Cronje revealed that the project would be first developed on the Fantom blockchain, an asset rush into the Fantom protocols happened in late 2021 and early 2022, which increased Fantom&#39;s popularity. FTM has been incredibly hit due to the damage of the project and its inability to live up to its promises, given Cronje&#39;s decision to leave the business and the drop of the current bear market. Since peaking in January 2022, the token has been on a near-90% decline.</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525">Fantom is a unique blockchain platform that went live on the market in December 2019 with the aim of solving blockchain&#39;s triad of force majeure through scalability, security, and a centralized architecture. classification. A single consensus layer that integrates multiple execution chains is fundamental to its design, and this consensus must rely on the Fantom Foundation&#39;s Lachesis, which underpins the Lachesis Protocol, which assumes the Ethereum virtual machine (EVM). The extremely slow transaction completion times and expensive transaction costs of conventional proof-of-work chains like Ethereum are improved by using directed acyclic graph technology (DAG).</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525">This platform is considered a smart contract and is compatible with an EVM called Opera as the top layer on top of Lachesis. A smart contract interaction on Fantom has a one-second transaction duration that costs a fraction of a cent, in contrast to Ethereum, where gas wars can lead to high transaction fees or long wait times for settlement of protracted transaction decisions. Above is the reference content for the topic </span></span></span><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525"><strong>&quot;What is Fantom?&quot;</strong></span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525">#Market247</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525">#What_is_Fantom</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525">#Fantom</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#252525">#FTM</span></span></span></p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#000000">Cre: </span></span></span><a href="https://market247.io/" style="text-decoration:none"><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#1155cc"><u>https://market247.io/</u></span></span></span></a><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#000000">&nbsp;</span></span></span></p>

<p>&nbsp;</p>

<p><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#000000">See Detail: </span></span></span><a href="https://market247.io/what-is-fantom" style="text-decoration:none"><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#1155cc"><u>https://market247.io/what-is-fantom</u></span></span></span></a><span style="font-size:12pt"><span style="font-family:'Times New Roman'"><span style="color:#000000">&nbsp;</span></span></span></p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
<quillbot-extension-portal></quillbot-extension-portal>