What is Fantom? Fantom is a network of blockchains that provides ledger services to businesses and applications. Fantom is powered by Lachesis, an advanced DAG-based aBFT consensus algorithm. 

What problem does Fantom solve? Fantom achieves decentralization and security through a permissionless and leaderless consensus protocol, in which anyone can join and leave the network at any time and all nodes are equal.

Key features 1. Speed 2. Scalability 3. Security 4. Smart contract support

FTM token Fantom has an ERC20 token, but it can’t be used directly on the Opera mainnet. 

What’s the purpose of the FTM token? 1. Securing the network Fantom uses a Proof-of-Stake system that requires validators to hold FTM. Anyone with at least 1,000,000 FTM can run their own validator node to earn epoch rewards and transaction fees.

2. Paying for network fees To compensate validators for their services and prevent transaction spam, every action performed within the Fantom network costs a small fee.

3. Voting in on-chain governance Decisions regarding the Fantom ecosystem are made using transparent on-chain voting. Votes are weighted according to the amount of FTM held by an entity.

4. Additional use cases FTM will be used as a collateral on the upcoming Fantom DeFi suite,