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Fantom is a high-performance blockchain platform designed to address scalability limitations of earlier blockchains like Ethereum by offering fast transaction speeds and low fees. Its key innovation is the Lachesis consensus mechanism, which enables parallel processing of transactions and achieves near-instant finality without sacrificing security or decentralization. Fantom differentiates itself through its flexibility, allowing developers to create custom blockchain solutions while maintaining compatibility with Ethereum's ecosystem, making it attractive for decentralized finance applications and enterprise use cases.