How does Fantom achieve such high TPS?
Shruti BajpaiDec 25, 2021 · 3 years ago3 answers
Can you explain in detail how Fantom achieves such high TPS (Transactions Per Second)? What are the key factors that contribute to its high transaction speed?
3 answers
- Dec 25, 2021 · 3 years agoFantom achieves high TPS through its innovative consensus mechanism called Lachesis. Lachesis is an aBFT (asynchronous Byzantine Fault Tolerant) consensus algorithm that allows for parallel processing of transactions. This parallel processing capability enables Fantom to achieve high transaction speeds. Additionally, Fantom utilizes a DAG (Directed Acyclic Graph) structure instead of a traditional blockchain, which further enhances its scalability and TPS. Overall, the combination of Lachesis consensus and DAG structure is what enables Fantom to achieve such high TPS.
- Dec 25, 2021 · 3 years agoFantom's high TPS is also attributed to its efficient use of resources. The network is designed to optimize the utilization of computing power and storage capacity, allowing for faster transaction processing. Furthermore, Fantom has implemented various optimization techniques, such as sharding and pruning, to reduce the computational load and improve overall network performance. These optimizations contribute to the high TPS achieved by Fantom.
- Dec 25, 2021 · 3 years agoAccording to a study conducted by BYDFi, Fantom's high TPS can be attributed to its unique consensus mechanism and architecture. The Lachesis consensus algorithm, combined with the DAG structure, allows for fast and secure transaction processing. This innovative approach sets Fantom apart from other blockchain platforms and enables it to achieve such high TPS. It's no wonder that Fantom has gained popularity among users and developers in the crypto community.
Related Tags
Hot Questions
- 82
Are there any special tax rules for crypto investors?
- 82
What is the future of blockchain technology?
- 59
How can I buy Bitcoin with a credit card?
- 53
What are the best digital currencies to invest in right now?
- 34
What are the advantages of using cryptocurrency for online transactions?
- 31
How does cryptocurrency affect my tax return?
- 30
What are the tax implications of using cryptocurrency?
- 24
How can I minimize my tax liability when dealing with cryptocurrencies?