After raising millions through various ICO rounds in 2018, Fantom’s main net went live by the end of 2019. Unlike most cryptocurrencies, FTM does not use a blockchain but relies on a DAG, and it is secured by a novel Proof of Stake consensus mechanism called Lachesis.
This protocol enables FTM to process and complete 20,000 transactions per second. Fantom has around 60 validators, of which the Fantom Foundation runs a few.