FTM(FTMUSDT), also known as Fantom, is a cryptocurrency and a blockchain platform designed to provide fast and scalable solutions for decentralized applications (dApps) and smart contracts. It aims to address the scalability and transaction speed issues faced by many existing blockchain networks.
The Fantom blockchain utilizes a unique consensus mechanism called the Lachesis protocol, which enables high network throughput and low latency. By employing an aBFT (asynchronous Byzantine Fault Tolerant) consensus algorithm, the network achieves rapid finality and eliminates the need for mining and energy-intensive proof-of-work (PoW) systems.