Developers can create, compile, and deploy smart contracts on the Fantom network in the same ways that they do on Ethereum. It is integrated with both the Web3JS stack and the Ethereum Virtual Machine (EVM), and it operates on a distributed ledger based on directed acyclic graphs. It makes use of a consensus technique known as "Lachesis" that is asynchronous Byzantine Fault-Tolerant (aBFT) Proof-of-Stake (PoS). The Fantom network is powered by FTM, which is also utilized for network fees, on-chain governance, and staking. FTM can be transferred to wallets that work with Ethereum and then switched using a bridge to the original FTM. Users utilize FTM tokens to engage with the Fantom network and pay gas fees (also known as transaction fees).

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