Fantom is a high-performance, scalable, Ethereum Virtual Machine (EVM)-compatible, and secure smart-contract platform. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol. Fantom offers exceptionally high levels of security by using a leaderless Proof-of-Stake protocol to secure the network.
Fantom’s mainnet - Fantom Opera, is built on Fantom’s consensus mechanism, Lachesis. Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality - which is achieved while remaining permissionless, decentralized, and open-source.
FTM is the primary token on the Fantom network and it is used for securing the network through staking, for governance, for payments, and for fees. The main utility of the FTM token on Fantom is to secure the network via a Proof-of-Stake system.
The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung IK. He was a leading computer scientist with a background in food technology. After he stepped away from the Fantom project, The Fantom Foundation’s CIO, Michael Kong who had worked on several blockchain projects, became the CEO.
The Fantom Foundation takes care of the development of Fantom and currently, it is led by the following key people in the leadership positions:
Michael Kong - He is the Chief Executive Officer and Chief Information Officer of The Fantom Foundation. He is also an entrepreneur, technologist, former software engineer and blockchain visionary.
Quan Nguyen - He is the Chief Technology Officer of The Fantom Foundation and he has interest in DLT, SaaS, CaaS, and Smart Contracts.
Professor Bernhard Scholz - He is the Chief Research Officer of The Fantom Foundation and his blockchain research focuses on smart-contract execution, security, and performance.
David Richardson - He is the Director of The Fantom Foundation and the former CEO of Mid-Ocean Consulting.
Samuel Harcourt - He is the Director of Business Development of Fantom’s Asia Operations.
Barek Sekandari - He is the SK Chain CEO and Enterprise Consultant.
Simone Pomposi - He is the Chief Marketing Officer of The Fantom Foundation. He has 15 years of experience in advertising - both digital and print - in creative and managerial roles.
John Morris - He is the Head of US Operations at The Fantom Foundation and he is also the Executive Director of Stanford University Future of Digital Currency Initiative.
