New Blockchain on RICE Wallet: Fantom

In order to meet the needs of users as well as accelerate the expansion of the blockchain ecosystem, RICE Wallet officially integrates the new Fantom network, supporting users to store, trade and use DApps in the network. 

Currently, Fantom network has been integrated in RICE Wallet version 1.1.9, users please update here.

About Fantom Network

Fantom is a high-performance, scalable, EVM-compatible, and secure smart contract platform.

Fantom’s mainnet deployment – Fantom Opera – is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol.

Advantages of Fantom Network: 

• Low Cost: Transaction fees in Fantom are much lower than in Ethereum and are paid in FTM tokens.
• Fast processing speed: Most transactions on Fantom are completed in seconds.
• Scalability: Fantom can process thousands of transactions at the same time with the size of thousands of nodes.
• Ethereum Compatible: Fantom is fully compatible with EVM, can run and deploy Ethereum DApps on Fantom.

Currently, there are more than 200 DApps deployed on Fantom Network, most of which are popular DApps in various fields: Cross-chain Bridges, Lending and Borrowing, Yield Optimizer, NFT Platform, GameFi, Tool, Wallet…