Fantom
Riccardo Dondi
Fantom is a high-speed, secure blockchain platform designed for scalable dApps and digital assets, utilizing the unique Lachesis consensus mechanism.
Blockchain
Distributed Ledger Technology (DLT)
Distributed Ledger Technology (DLT) is a decentralized digital system recording transactions across multiple nodes, ensuring transparency, security, and efficiency.
Decentralization
Decentralization in cryptocurrency distributes control across a network, enhancing security, transparency, and accessibility while facing challenges like scalability and regulation.
Cryptography
Cryptography secures and validates transactions in cryptocurrency, ensuring data security, transaction verification, and user privacy within blockchain technology.
Cryptocurrency
Cryptocurrency is a digital currency utilizing cryptography and blockchain for security, offering decentralization, transparency, and lower transaction costs.
Coin
A coin in cryptocurrency is a digital asset operating on its own blockchain, crucial for transactions and functions like smart contracts and decentralized applications.
Byzantine Generals Problem
The Byzantine Generals Problem addresses achieving consensus among distributed systems despite malicious actors, crucial for the integrity of cryptocurrencies and blockchain.
Blockchain
Blockchain is a decentralized, transparent, and secure technology that underpins cryptocurrencies, enabling secure transaction validation and execution of smart contracts.
Block Height
Block height measures the number of blocks preceding a specific block in a blockchain, essential for verifying transactions, achieving consensus, and implementing upgrades.
Block
A block in cryptocurrency is essential for blockchain technology, recording transactions, ensuring security, transparency, and decentralization in digital currencies.