Opera Mainnet (Fantom) Definition
Opera Mainnet is the primary network of Fantom, a next-generation blockchain technology designed to resolve the problems of scalability, speed, and security inherent in existing blockchain systems. Using a unique consensus algorithm called Lachesis, the Opera Mainnet ensures that transactions are processed with almost zero time lag and at extremely low costs.
Opera Mainnet (Fantom) Key Points
- The Opera Mainnet is the home of Fantom’s operations and where its native FTM tokens reside.
- It utilizes a unique consensus mechanism called Lachesis protocol to process transactions.
- Opera Mainnet is known for its speed, scalability, and security, processing transactions in near real-time.
- It is designed to facilitate decentralized application development, with coding flexibility and an emphasis on user-friendliness.
What is the Opera Mainnet (Fantom)?
The Opera Mainnet, a product of Fantom, brings a new level of performance and usability to the blockchain ecosystem. Through its cutting-edge technology, it provides a backbone to the decentralized world, enabling developers to create DApps (Decentralized Applications), mint tokens, and deliver services with unrivaled speed, cost-effectiveness, and security.
Why was Opera Mainnet (Fantom) created?
Opera Mainnet was brought into existence to address the prominent problems of scalability, speed, and security issues plaguing traditional blockchain systems. By incorporating advanced algorithms and solutions, it supports efficient and fast transactions while staying decentralized, thereby significantly improving user experience in blockchain-based applications and widening the potential for real-world applications.
Who developed the Opera Mainnet (Fantom)?
The Opera Mainnet is a creation of the Fantom Foundation, a group of industry professionals with different backgrounds in technology, finance, and business. It is part of their ambition to create a new internet on the blockchain, where decentralization, efficiency, and inclusivity are prioritized.
When was the Opera Mainnet (Fantom) launched?
Fantom Foundation launched the Opera Mainnet in December 2019. Since then, it has consistently improved the performance and features of the network to provide a seamless and high-quality blockchain experience.
Where can Opera Mainnet (Fantom) be used?
Opera Mainnet is envisioned for broad use cases including but not limited to financial services, smart cities, supply-chain management, and any domain requiring a scalable, fast, and secure blockchain platform. Any developer seeking to build decentralized applications can make use of Opera Mainnet’s high performance and capability.
How does Opera Mainnet (Fantom) work?
Opera Mainnet operates on a new version of distributed ledger technology called aBFT consensus mechanism, or Lachesis protocol. This unique system allows transactions to be processed in near real-time with almost zero cost, catering to the demands of decentralization, scalability, and security simultaneously. It also supports smart contracts and creates a user-friendly platform for developers to build DApps.
