• Market Cap
    $393.207B -0.86%
  • POW Market Cap
    $302.905B -1.72%
  • POS Market Cap
    $19.528B 0.40%
  • Masternodes Market Cap
    $1.202B 0.04%

Fantom foundation introduces ABCI compatibility to its system

By Inkarias - 2020-05-11

Earlier this week, Fantom team announced ABCI compatibility for the Lachesis consensus engine, an imporatant milestone that has been worked on since several. This new achievement unlocks several opportunities for Fantom in the consensus-as-a-service (CaaS) space, lowering barriers and costs to bring confidence and flexibility when implementing Lachesis as the chosen consensus.

ABCI details and the consequences for the project

The Application BlockChain Interface, or ABCI, decouples the consensus engine from the rest of an application. Developers often work in different programming languages according to personal preference, but without ABCI compatibility they are forced to adjust constantly and this drawback slows down general adoption. The offering will increase adoption of Fantom technologies as industry partners and developers can make use of aBFT consensus in their applications by ‘plugging it in’. The fantom team has decided to offer Lachesis aBFT consensus as a standalone product: Any project, whether a new blockchain or a private deployment of distributed ledger technology, can plug Lachesis into their technology stack effortlessly and benefit from fast, scalable solutions.

Major advantages for FTM holders

The new extension to consensus-as-a-service brings enormous benefits to FTM token holders directly. This milestone adds visibility, awareness and validation with the use of Lachesis in more types of applications. Accessibility to developers is consistent with the underlying goal to make Fantom the go-to name for advanced consensus. With this vision, anybody creating a new blockchain-based product will be able to import Lachesis immediately. The Integration is simple, allowing the development team the time to continue hard working for the general improvements. In finality, reaching global adoption is a key goal as several mainnets supporting FTM staking would increase the tangible utility of the token.

More details about this achievement on Fantom site at https://fantom.foundation/en/