Fantom is one blockchain platform offering endless solutions.  It provides fast, high throughout, open-source smart contract platform for digital assets and dApps.

Lachesis is the aBFT consensus algorithm of Fantom.  It is the consensus mechanism that powers the FTM blockchain.  It is considered to be more secure, scalable, and faster. Thus, users can build their own peer-to-peer applications without having to create their own networking layer.

Lachesis is Asynchronous and therefore, the participants enjoy the freedom to be able to process commands during different times.  It does not have a leader and also no single participant is special.  It is Byzantine Fault-Tolerant and therefore supports only one-third of the faulty nodes, including malicious behavior. Thus, the Lachesis’s output can be used immediately. Therefore, there is no need to wait for block confirmations.  Also, the transactions are confirmed in 1-2 seconds.

There is no central entity validating the transactions.  Also, the consensus ensures that all participants are able to achieve an agreement.  Also, the network validates the transactions in a completely trustless way.

The Lachesis nodes store the local acyclic directed graph (DAG) which consists of event blocks. Every block consists of a transaction.  The DAG capturing happens before any kind of relationship between the events.  The final order of events are then calculated. 

The event blocks either confirmed or unconfirmed event blocks. New event blocks are unconfirmed, and the blocks from the past 2-3+ frames are confirmed, and these are ordered by honest nodes.  Thus the consensus leads to batches of confirmed event blocks and every batch of events is called a block. The finalized blocks in the final chain are calculated from the event blocks independently on each node.  The Lachesis nodes do not send blocks to each other.

Fantom (FTM) Transactions 100 FTM fee

Fanthom Foundation have recently expressed,We’re happy to announce that we removed the 5000 FTM minimum limit to withdraw from the fWallet, and we introduced a fixed 100 FTM fee for cross-chain swaps (eth/bep2, opera/eth, opera/bep2, and vice versa). Opera to Opera transfers don’t have any additional fee.

One of the users who knew it late frowned stating, Made a cross-chain swap 12 hours ago – no objection to the fee but would have been nice to know in advance (I would have stayed on Opera rather than experimenting with the FTM BEP2 LP on chaosnet).

Some of the users are wondering whether the Fanthom Transactions are increasing from cheap to expensive like Ethereum?

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