Fantom — is a managed acyclic graph (DAG) smart contract platform that provides developers with decentralized financial services (DeFi) using its own unique consensus algorithm. The Fantom Foundation, which oversees Fantom's products, was established in 2018, and OPERA, Fantom's main network, launched in December 2019.
The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. The current CEO of the platform is David Richardson, former Managing Director of Mid-Ocean Consulting.
Fantom is trying to leverage a new consensus mechanism. This mechanism, Lachesis, promises much higher throughput and two-second transaction completion, as well as security improvements over traditional platforms based on new algorithms (PoS).
