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Fantom

Fantom Shared Node

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Video Guide

How to Connect to Fantom?

Trending ftm Chain

Connect to Fantom Network

Fantom is a veteran L1 blockchain powered by unique consensus technology Lachesis. Its killing feature is the ability to create various transaction execution chains. Since its launch in 2018, Fantom nodes on-boarded dozens of dApps and reached interoperability with various leading smart contracts platforms.

Fantom is a high-performance smart contracts platform for decentralized applications. Its multi-layer computational infrastructure is underpinned by its native virtual machine Opera.

Fantom shared nodes ecosystem is built on the top of Directed Acyclic Graph (DAG) -based algorithm and asynchronous Byzantine fault tolerance (aBFT) consensus.

Fantom ecosystem’s tokenomical design relies on FTM token; FTM is also used to reward network’s participants and is used in network’s referendums.

GetBlock empowers DeFis and other dApps with attack-resistant and resource-efficient API endpoints to Fantom. NFT marketplace and Play-to-Earn platforms can start their Web3 journey with Fantom shared nodes by GetBlock.

Built For Developers

Fantom API:
Check the power of nearly-instant EVM-compatible blockchain

Battle-tested security by top experts

In 2019-2022 Fantom Foundation was advised by Andre Cronje, legendary developer known as ‘Father of DeFi’. Fantom shared nodes ecosystem is among Top-5 platforms for DeFis by total value locked (TVL).

Unmatched cross-network compatibility

Since its launch, Fantom blockchain has been focused on achieving a high level of interoperability with leading smart contracts platforms. As such, Fantom shared nodes are fully compatible with BNB Chain (formerly Binance Smart Chain) and Cosmos.

F.A.Q

Fantom &
Shared Nodes FAQs

What is Fantom?

Fantom is a smart contracts platform designed for high-performance decentralized applications. Fantom utilizes leaderless Proof-of-Stake (PoS) consensus: the integrity of blockchain is secured by staking Fantom (FTM) tokens by network participants.

Fantom released its testnet in late 2018 while mainnet operations started in December, 2019. Fantom’s Proof-of-Stake is ‘truly’ peer-to-peer one: there are no masternodes in Fantom. Thus, Fantom merges the benefits of highly decentralized and secure blockchain systems.

Fantom is focused on powerful scaling mechanisms and emphasizes unparalleled modularity of its structure. Thus, it is suitable for both retail and B2B use-cases. Its modular design empowers Fantom’s clients with a rich toolkit of customization options.

How does Fantom process transactions?

Fantom utilizes Lachesis, an Asynchronous Byzantine-Fault Tolerance consensus (aBFT). This system is asynchronous (participants can process commands in different times), fault-tolerant, high-performance (the block is finalized in 1-2 seconds). Each Lachesis node stores a local acyclic directed graph (DAG), that, in turns, stores blocks that contain transactions. Period of Lachesis lifespan is called epoch.

Lachesis powers Fantom’s mainnet environment Opera. It is fully compatible with Ethereum Virtual Machine (EVM) so that Ethereum-based dApps can be easily ported to Fantom. Moreover, it supports Solidity compiler: its developer experience is similar to that of Ethereum (ETH) and other EVM-compatible blockchains.

Fantom is both open-source and open- participation: everyone can experiment with building decentralized applications on Fantom and run Fantom nodes. Minimum stake of 3,175,000 FTM is required for running a node while the validation process can be joined with 1 FTM locked.

Why is Fantom crucial for DeFi?

The list of basic DeFi-specific use-cases with Fantom include minting stablecoins (fUSD) with FTM. FTM tokens can be pledged as a collateral with a 500% collateralization ratio. fUSD is a stablecoin pegged 1:1 to the U.S. Dollar.

Then there is a plethora of synthetic assets on Fantom. fETH and fBTC are the most popular ones. In total, 176 coins are available on Fantom as of late Q3, 2021. Fantom-based assets can be seamlessly exchanged between each other in a decentralized in-chain manner.

Finally, Fantom boasts fLEND, a native peer-to-peer lending/borrowing ecosystem. FTM and fUSD can be collateralized to obtain a loan. Also, fUSD users can borrow Fantom-based synthetics to trade or stake them.

Which applications are deployed to Fantom?

Since January 2021, Fantom switched to a decentralized autonomous organization (DAO) as a governance model. As a result, Fantom is a first-ever Layer-1 blockchain that implements similar functionality.

40+ decentralized applications are live on Fantom right now. CREAM Finance, SuperFarm, Zapper, SushiSwap, AnySwap, REN Protocol are the most popular mainstream dApps that utilize Fantom’s smart contracts.

Besides providing an ordinary smart contract environment, Fantom also developed a user-friendly Blockchain-as-a-Service (BaaS) interface.