Why we chose FANTOM ?
FANPAD is a new generation fundraising and funding platform for projects on the Fantom blockchain. Not only supporting projects in financial aspect through token sale programs, FanPad also supports projects in technical, tokenomic, audit, marketing aspects through strategic partners cooperating with FanPad .
We chose Fantom Ecosystem — a novel blockchain infrastructure with proven efficiency that is different from the conventional ones commonly employed by multiple competitors in the market — to ensure that our solution is unique and that the potency of the use case is widely felt.
The Fantom blockchain ecosystem combines 100% Turing completeness, developer friendliness, speed, security, reliability, and interoperability to empower network participants while also lowering the entrance barrier. Many well-known blockchains have mostly benefited early users. Fantom is rewriting the story and is poised to become a leading proponent of good economic effect.
The Fantom blockchain is designed to accelerate adoption of blockchain technology today and evolve to meet the needs of users in the future. Existing decentralised networks including those focused in financial use cases need to be reviewed and a genuine option in a public, peer-reviewed platform that is capable of private transactions and efficient at synchronizing across different chains needs to be created. Hence, Fantom blockchain was built to bring the much needed innovation and solution to the industry.
Fantom’s Opera mainnet deployment is powered by Lachesis, which is Ethereum compatible and runs on the Ethereum Virtual Machine (EVM). Fantom’s modularity makes it extremely adaptable. Developers can quickly move their existing Ethereum-based dApps to the Fantom Opera mainnet, significantly improving performance and cutting expenses.
Network of networks
Fantom has a distinct feature that distinguishes it as a stand-alone network. Unlike the prior generation of blockchain platforms (such as Ethereum), which slowed down as more complicated dApps were deployed or as the user base grew. Fantom’s high level of scalability allows each application to have its own customizable (independent) blockchain with own governance rules, tokens, and tokenomics.
Fantom is made up of an uncountable number of decentralized systems which interact with each other, despite working independently in their specific zones.
High level of security
The Proof-of-Stake consensus mechanism protects Fantom. Proof-of-Stake, unlike Proof-of-Work (which is employed by Bitcoin and Ethereum), can prevent centralization and conserve energy. The consensus process can scale to hundreds of nodes, allowing for increased decentralization and security. Fantom was created to address the ‘Blockchain Trilemma,’ or the trade-off between speed, security, and decentralization that cannot all be achieved at the same time. Fantom achieves decentralization, security, and asynchronous Byzantine Fault Tolerance (aBFT) to process transactions asynchronously, increasing the overall process speed.
We are honored to be a part of Fantom’s digital revolution, which will eventually pervade all parts of life, from payments and a fully digital economy to digital identity and medical records, resulting in a worldwide internet of digital assets.