Why WingSwap Adopts Fantom Blockchain

A Sneak Peek into WingSwap and why we choose Fantom Blockchain Ecosystem

Why Fantom?

The Fantom blockchain ecosystem combines absolute Turing-completeness, developer friendliness, speed, security, reliability, and interoperability to empower participants on the network while also ensuring that the entry barrier to participation is lowered. A lot of the popular blockchains have mostly benefited early adopters. Fantom is changing the narrative and is set to become a flag bearer for positive financial impact.

Fantom is modular

Lachesis powers Fantom’s Opera mainnet deployment, which uses the Ethereum Virtual Machine (EVM) and it’s compatible with Ethereum. The modularity makes Fantom exceptionally flexible. Developers can port their existing Ethereum-based dApps on Fantom Opera mainnet in a matter of minutes, substantially upgrading the performance and lowering the costs.

Fantom is a network of networks

Fantom has a unique element which makes it a completely independent network. Unlike the first generation of blockchain platforms (Ethereum and alike), that slow down when more complex dApps are launched on them or with the increase in its user base. This high level of scalability offered by Fantom (FTM) provides every application with its personalized (independent) blockchain with custom governance rules, tokens and tokenomics.

Fantom has high level of security

Fantom is secured by Proof-of-Stake consensus mechanism. Unlike Proof-of-work (used by Bitcoin and Ethereum), Proof-of-Stake can prevent centralization and save energy. The consensus mechanism can also scale to hundreds of nodes, expanding decentralization and security. Fantom was born to solve the ‘Blockchain Trilemma’ — the balance between speed, security and decentralization which cannot be achieved at the same time, where Fantom utilizes a permissionless, leaderless protocol to achieve decentralization, security and uses asynchronous Byzantine Fault Tolerance (aBFT) to process transactions asynchronously which increases the speed of the overall process.​​

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Decentralized Exchange on Fantom Ecosystem