Fantom is an efficient, scalable and secure platform for smart contracts. It was designed to overcome the limitations of previous generation blockchain platforms.
Lachesis, its revolutionary aBFT consensus mechanism, allows the Phantom to be much faster and cheaper than older technologies, while also being extremely secure. It supports the Fantom mainnet implementation, which uses an Ethereum Virtual Machine (EVM) and is compatible with Ethereum. Modularity makes Fantom extremely flexible. Developers can move their existing Ethereum- based dApps applications to Fantom Opera's main network in minutes, significantly increasing efficiency and reducing costs.
FTM is the basic token in the Fantom network. FTM is used to secure the network through stacking, management, payment and payment.