Fantom Opera: Powering High-Throughput, Low-Latency Blockchain Applications (2024)

Fantom Opera: Powering High-Throughput, Low-Latency Blockchain Applications (1)

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Leveraging the Lachesis Consensus Protocol

Fantom Opera is a Layer 1 blockchain platform that offers fast, secure, and scalable solutions for decentralized applications (DApps) and financial systems. It leverages the Lachesis consensus protocol, a robust and efficient asynchronous Byzantine Fault-Tolerant (aBFT) consensus mechanism, to provide a reliable and high-performance network.

High Transaction Throughput and Low Latency

The Lachesis consensus protocol employed by Fantom Opera enables rapid and parallel processing of transactions, allowing for high transaction throughput and low latency. With an average block time of approximately 1 second, the network can handle a significant number of transactions per second, making it suitable for real-time applications and high-demand use cases.

Seamless Integration of Ethereum Smart Contracts and Projects

Fantom Opera is compatible with the Ethereum Virtual Machine (EVM), meaning it supports the execution of Ethereum smart contracts and offers a seamless migration path for Ethereum projects. This compatibility allows developers to leverage existing Ethereum tools, libraries, and developer resources when building on the Fantom network, making it easier to transition from the Ethereum ecosystem to Fantom.

Quick Settlement and Confirmation of Transactions for Timely Activities

One of the main features of Fantom Opera is its ability to provide fast finality. Transactions on the network achieve finality within seconds, ensuring quick settlement and confirmation of activities. This fast finality is crucial for applications such as decentralized finance (DeFi), where timely and secure transaction processing is essential.

Interoperability with ERC-20 and ERC-721 Tokens

Fantom Opera supports the widely adopted ERC-20 and ERC-721 token standards, enabling developers to integrate existing Ethereum tokens and DApps seamlessly. This interoperability opens up opportunities for cross-chain asset transfers, liquidity sharing, and composability with other Ethereum-compatible networks.

Developer-Friendly Ecosystem

Furthermore, Fantom Opera offers a developer-friendly ecosystem with comprehensive tooling, documentation, and community support. Developers can leverage these resources to build innovative and scalable applications, taking advantage of the network's high throughput and low latency.

Promising Blockchain Solution

With its Lachesis consensus protocol, Ethereum compatibility, fast transaction processing, and developer-friendly ecosystem, Fantom Opera provides a powerful platform for building decentralized applications and financial systems. Its focus on speed, security, and scalability positions Fantom Opera as a promising blockchain solution for various industries, paving the way for the broader adoption of decentralized technologies.

Smart Contracts in Fantom Opera

The following smart contracts are available and ready to be deployed and used in the WPSmartContracts Smart Contracts suite, without the need for coding.

ERC20/BEP20

Vanilla

Standard Gas Saving Token

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ERC20/BEP20

Pistachio

Improved Security Token

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ERC20/BEP20

Chocolate

Advanced Token

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ERC20/BEP20

Macadamia

Reflection Token

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Staking

Ube

Staking Tokens

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Staking

Almond

Advanced Staking Tokens

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Crowdfunding

Mango

Safe Crowdfundings

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ERC-721 NFT

Mochi

Standard ERC-721 NFT

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ERC-721 NFT

Matcha

ERC-721 NFT Marketplace

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ERC-721 NFT

Suika

Advanced ERC-721 NFT Marketplace

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ERC-1155 NFT

Yuzu

Standard ERC-1155 NFT

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ERC-1155 NFT

Azuki

ERC-1155 NFT Advanced Marketplace

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ERC-1155 NFT

Ikasumi

ERC-1155 NFT Advanced Token Marketplace

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ICO

Bubblegum

Initial Coin Offering (ICO)

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Fantom Opera: Powering High-Throughput, Low-Latency Blockchain Applications (19)

Comparison of Blockchain Networks

Explore the technical specifications and main features of various blockchain networks

EthereumArbitrumBinance Smart Chain (BSC)Polygon (Matic)Avalanche C-ChainFantom Opera
Main FeaturesRobust ecosystem, widely adopted, extensive developer communityScalability, lower fees, Ethereum compatibilityFast and low-cost transactions, Binance ecosystem integrationScalability, Ethereum compatibility, cross-chain transfersHigh throughput, low latency, robust consensusFast finality, Ethereum compatibility, high performance
Smart ContractsEthereum VIrtual MachineEthereum VIrtual MachineEthereum VIrtual MachineEthereum VIrtual MachineEthereum VIrtual MachineEthereum VIrtual Machine
Token StandardsERC-20, ERC-721, ERC-1155ERC-20, ERC-721, ERC-1155ERC-20, ERC-721, ERC-1155ERC-20, ERC-721, ERC-1155ERC-20, ERC-721, ERC-1155ERC-20, ERC-721, ERC-1155
ConsensusProof of Stake (PoS)Optimistic Rollup (PoA)DPoS and PoAProof of Stake (PoS)Avalanche consensus (PoS)Lachesis consensus (aBFT)
Average TPSVaries (15-30 TPS)Varies (200-4000 TPS)15-60 TPSVaries (up to 7,000 TPS)Varies (4500+ TPS)Varies (3000+ TPS)
Block TimeApproximately 15 secondsVaries (approx. 5-15 mins)3 secondsApproximately 2 secondsApproximately 5 secondsApproximately 1 second
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Why WP Smart Contracts?

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Smart Contracts Value Locked

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WordPress Downloads

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2,000+

Mainnet Deployments

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13

Smart Contracts Available

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6

Different Blockchains

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4+

Wallets

Fantom Opera: Powering High-Throughput, Low-Latency Blockchain Applications (2024)
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