Inside Fantom’s Strategy to Build a Decentralized Tomorrow

Addressing Scalability With New Tech

A relentless pursuit of innovation has marked Fantom’s journey into the blockchain industry. Kong elucidated that the release of Fantom Sonic aims to “dramatically improve” the Lachesis consensus protocol. This enhancement allows Fantom to process over 2,000 transactions per second with a one-second confirmation time.

Such performance surpasses Ethereum’s and sets a new industry standard for transaction speed and efficiency.

“There is a tradeoff between increasing the number of validators and the network’s performance. On average, the more validators in the network, the longer it takes to achieve consensus. However, the release of Fantom Sonic dramatically improves our Lachesis consensus protocol… Even if the number of nodes increased dramatically, confirmation times will still likely be very low,” Kong told BeInCrypto.

At the core of the protocol’s architecture is the Proof-of-Stake (PoS) mechanism. It is safeguarded by a consensus model requiring two-thirds of the total staked FTM for transaction confirmation.

With approximately 1.4 billion FTM currently staked and a total value locked (TVL) of $67.46 million, the network ensures security against potential threats, reinforcing its reliability and trustworthiness.