How secure is Fantom?
Fantom is a highly secure blockchain platform that utilizes a variety of security measures to ensure the safety and integrity of its network.
The platform utilizes a hybrid consensus mechanism that combines both Proof-of-Stake (PoS) and Practical Byzantine Fault Tolerance (PBFT) algorithms to provide a secure and reliable consensus mechanism. This hybrid consensus mechanism ensures that the network is secure from malicious actors, as well as ensuring that transactions are processed quickly and securely. In addition, Fantom also utilizes advanced cryptography to protect its data.
All data stored on the Fantom blockchain is encrypted using advanced encryption algorithms such as AES-256, which makes it virtually impossible for hackers to access or modify any data stored on the network. Furthermore, all transactions are digitally signed using Elliptic Curve Digital Signature Algorithm (ECDSA), which ensures that only authorized users can access or modify any data stored on the network. Finally, Fantom also employs a variety of other security measures such as distributed denial-of-service (DDoS) protection, anti-spam measures, and multi-signature wallets to further enhance the security of its network.
All these measures combined make Fantom one of the most secure blockchain platforms available today.
