Opera Mainnet (Fantom)

Editorial Chief

Author

December 20, 2023

Published

Fantom is a high-performance, scalable blockchain platform created to facilitate decentralized finance (DeFi) applications and various use cases. It employs a Directed Acyclic Graph (DAG) consensus algorithm known as Lachesis to achieve fast transaction finality and high throughput.

Features of Fantom are as follows

Lachesis Consensus

    • Lachesis is a DAG-based consensus algorithm that allows for asynchronous confirmation of transactions. It helps Fantom achieve high throughput and low-latency transactions.

Opera Mainnet

    • Fantom’s mainnet is referred to as the “Opera Mainnet.” It is the primary blockchain network where transactions, smart contracts, and other activities take place within the Fantom ecosystem.

Smart Contracts

    • Fantom supports the creation and execution of smart contracts, allowing developers to create DApps on the platform. These smart contracts operate on the Opera Mainnet.

Staking and Delegated Proof-of-Stake (DPoS)

    • Fantom uses a Delegated Proof-of-Stake (DPoS) mechanism for consensus, where validators are elected by token holders to produce blocks. Users can stake FTM tokens to participate in the network’s governance and earn rewards.

Interoperability

    • Fantom aims to enhance interoperability with other blockchain networks. The platform supports various token standards, making it possible for assets to move seamlessly between different blockchain ecosystems.

Ecosystem Growth

    • Fantom has seen the development of a growing ecosystem of projects and applications, particularly in the DeFi space. This includes decentralized exchanges, lending platforms, and other financial applications.

Fantom Improvement Proposals (FIPs)

    • The Fantom community can propose and implement changes to the network through Fantom Improvement Proposals (FIPs). This governance mechanism allows stakeholders to participate in decision-making.

Wallets and Infrastructure

    • Users interact with the Fantom Opera Mainnet through compatible wallets, and developers leverage the network’s infrastructure to build and deploy decentralized applications.