Fantom (FTM)
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About FTM
Fantom (FTM) is a high-performance, scalable, and secure smart-contract platform designed for decentralized applications (dApps) and digital assets. Using its unique Asynchronous Byzantine Fault Tolerant (aBFT) consensus mechanism called Lachesis, Fantom can achieve near-instant transaction finality with minimal fees, making it ideal for DeFi and enterprise applications. FTM, the native token, is used for transaction fees, staking, and governance within the network, allowing holders to vote on important protocol decisions. Fantom aims to offer high-speed blockchain solutions that bridge the gap between security, scalability, and decentralization. For live FTM prices, historical data, and market insights, visit our Fantom Markets page to stay updated on this innovative blockchain platform.
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Frequently Asked Questions about Fantom
What is Fantom (FTM)?
Fantom (FTM) is a high-speed, scalable blockchain platform designed for decentralized applications and digital assets, featuring the Lachesis consensus mechanism for fast and secure transaction finality.
How does Fantom work?
Fantom uses an aBFT consensus protocol called Lachesis, allowing nodes to confirm transactions independently, resulting in near-instant transaction finality and high scalability without compromising on security.
What makes Fantom unique?
Fantom’s Lachesis protocol provides high-speed, low-cost transactions with finality, making it ideal for DeFi and enterprise applications. Its focus on bridging scalability, security, and decentralization distinguishes it in the blockchain space.
Where can I buy and trade Fantom?
Fantom (FTM) is available on major exchanges, and our Fantom Markets page provides live FTM prices, historical data, and market insights for informed trading decisions.
What are the benefits of using Fantom?
Fantom offers high transaction speeds, low fees, and scalable infrastructure, making it ideal for dApps, DeFi, and digital asset use cases. Its fast finality and secure protocol enhance user experience and reliability.
How can I store my Fantom tokens securely?
FTM tokens can be securely stored in wallets compatible with Fantom, including MetaMask, Ledger, and Trust Wallet, providing flexibility and security for users.
What is Fantom staking?
Fantom allows users to stake FTM tokens to secure the network and earn rewards. Stakers contribute to network security and can participate in governance by voting on protocol proposals.
Is Fantom a good investment?
Fantom’s focus on scalability, speed, and secure DeFi applications makes it a promising project within the blockchain space. While volatile, FTM’s utility in governance, staking, and DeFi enhances its potential value.