Fantom coin: a high-speed, scalable blockchain platform
Introduction
Fantom coin is a directed acyclic graph (DAG) based ) technology-based cryptocurrency known for its high speed, scalability, and low transaction fees.
Working Principle
Fantom Coin is different from the traditional blockchain in that it uses DAG to record transactions. A DAG is a data structure in which each block is connected to multiple previous blocks instead of just one. This design enables transactions to be processed in parallel, thereby increasing overall processing power.
The consensus mechanism used by Fantom Coin is called Lachesis, which is a Byzantine fault-tolerant algorithm that ensures the security of the network, even in the face of network failure.
Advantages
Fantom Coin offers the following advantages:
Applications
Fantom coins can be used in a variety of applications, including:
Conclusion
Fantom Coin is a high-speed, scalable and secure blockchain platform that offers potential for a variety of applications. Its unique DAG technology and Lachesis consensus mechanism make it stand out in the highly competitive cryptocurrency market.
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