Fantom Defi Coin Review – Speed, security, scalability

About Fantom

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

The Fantom Defi Coin Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

At Fantom, we’re committed to providing technology that combines scalability, decentralization, and security. To turn this vision into reality, the Fantom Foundation is developing different parts of an open system and closely works with partners to support the adoption of Fantom technology.

Quick Fact About Fantom Defi Coin

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Speed, security, scalability

Fantom Defi Coin aBFT consensus protocol can power any blockchain with unparalleled speed, security, and reliability.

Fast transfers, just like it should be

Instead of waiting for long confirmations, transactions on Fantom are instant and secure.

Simply secure

Fantom’s Consensus Mechanism “Lachesis” secures the network through validators located around the world.

Modular and connected

Run your own customized blockchain that is connected to one ecosystem.

Consensus at your service

You can build the blockchain you envision, with no limit. Run your dApps blazing fast compared to previous technologies using your favorite SDK or VM.

Developer friendly

Start building on Fantom using its robust GraphQL and Web3JS APIs. Get your wallet, explorer, or data analysis tool up and running: access documentation and connect with our developer community.

Powered by Fantom

Fantom Defi Coin innovative and open-source aBFT consensus mechanism is the ideal base layer for all distributed ledgers.

Opera Chain

The Fantom mainnet, with staking and EVM support for super-fast smart contract execution with transaction settlement in under 2 seconds. Run your dApps on Opera.

We are blockchain developers

The Fantom Foundation has experience with blockchain development across the whole technology stack. From developing a consensus algorithm from scratch to middleware and a full-featured software suite, we built it.

We are blockchain integrators

Fantom Defi Coin made Fantom’s consensus fully compatible with the Cosmos SDK and the Ethereum Virtual Machine to allow anyone to use it in a network that best fits their needs. Through the EVM, developers can utilize smart contracts on top of Fantom, and it allows projects to port their existing Ethereum dApps over to Fantom easily. Addtionally, Lachesis is ABCI compatible and can be seamlessly integrated into other blockchains as a separate consensus module.

Solutions

Fantom is the ideal platform to develop global solutions using blockchain technology. A wide range of industries like financial markets, healthcare, education, and many more can benefit from Fantom’s unique and future-ready infrastructure. Build on top of the existing Fantom ecosystem, or integrate Lachesis into your technology stack.

DeFi on Fantom

Fantom offers the first DeFi stack built on an aBFT consensus. It’s much faster, cheaper, and more reliable and secure than its predecessors. On Fantom, you can use your FTM to mint fUSD and access the DeFi tools. You can use fUSD to trade synthetic assets, or lend it to earn interest and borrow synthetic tokens.

Get started instantly

Access DeFi right from your wallet – start trading and lending instantly. There is no registration or setup.

Fully decentralized

You’re always in control of your keys and can trade from your computer or your personal device.

Next-gen DeFi platform

Unlock a whole new way of decentralized trading. Transactions on Fantom are almost instant and cost a fraction of a penny.

Mint fUSD with fMint

fMint is the gateway to Fantom DeFi. Mint fUSD, the stablecoin on Fantom pegged 1:1 to the USD price, using your FTM. Choose the amount you want to mint and rebalance at any time by adding or removing FTM. Repay the fUSD you minted at any time, unlocking your FTM.

Trade synths on fSwap

Buy and sell synthetic assets directly from your Fantom wallet. Use your FTM or fUSD to trade 176 assets that represent tokens outside the Fantom ecosystem. You can trade Bitcoin, Ethereum, and many other cryptocurrencies. Do you think Bitcoin will increase in value in the short term? Buy fBTC with your fUSD, and later sell fBTC to fUSD for a profit.