WHALE FACTOR
AnalysisFeaturedAIMarketCalendarCryptoToolsAPI
Newsletter

News & Analysis

  • Latest News
  • Featured
  • Analysis
  • Blog
  • AI x Crypto
  • Newsletter
  • RSS Feed

Learn & Compare

  • Crypto Glossary
  • Learn Guides
  • How to Buy
  • Compare Coins
  • Best Of
  • Developers

Prices & Tools

  • All Prices
  • Bitcoin Price
  • Ethereum Price
  • Market Overview
  • All Tools
  • Fear & Greed
  • Crypto Calendar

Company

  • About Us
  • Search
  • Privacy Policy
  • Terms of Service
  • Sitemap
  • HTML Sitemap
Whale Factor|

2026 Whale Factor. All rights reserved.

  1. Home
  2. /Glossary
  3. /Fantom
Back to Glossary
blockchain

Fantom

A Layer 1 blockchain using a DAG-based consensus mechanism called Lachesis for high speed and low fees.

Definition

A Layer 1 blockchain using a DAG-based consensus mechanism called Lachesis for high speed and low fees. It had a major DeFi ecosystem led by Andre Cronje. Fantom is transitioning to Sonic, a new chain with higher throughput and shared sequencer technology.

Share this term

Related Terms

Layer 1

The base blockchain that processes and finalizes transactions.

Consensus Mechanism

The method a blockchain uses to agree on which transactions are valid and in what order.

DeFi (Decentralized Finance)

Financial services built on blockchain without traditional intermediaries.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

ERC-4337

The Ethereum standard for account abstraction without changing the core protocol.

Explore More

Latest NewsCrypto NewsMarketsAnalysisFull Glossary

Stay ahead of the market

Get daily crypto analysis delivered to your inbox. No spam, unsubscribe anytime.