Source. Crypto info.com
What is Fantom?
Fantom is a Smart Contract platform that is based on the technology Directed Acyclic Graph (DAG), which is built to solve the issues with scalability of distributed ledger technologies. The Fantom project is to provide compatibility between all transaction bodies around the world, and create an ecosystem that allows real-time transactions and data sharing with a very low cost.
Fantom is permissionless, decentralized, and open-source. It has a new aBFT consensus mechanism called Lachesis, which allows Fantom to be much faster and cheaper than older technologies, yet extremely secure.
Fantom is working with other projects including Band Protocol, Coti, Chainlink, Ethereum Classic Labs and more.