Fantom
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About Fantom

Fantom (FTM) coin is the token of a high-speed blockchain that has emerged to help address the speed and scalability issues many blockchains face. In addition, Fantom announced the launch of Fantom finance, the first DeFi platform to be launched with the aBFT consensus mechanism.

An important role of Fantom (FTM) is pledging (staking). As it has a real-world use case, FTM tokens may become a popular store of value tokens. FTM is needed to become a verifying node and thus receive revenue, much like a common PoS consensus mechanism.

FTM is different from other DeFi tokens and has introduced a system to maintain the Lachesis platform protocol, which is excellent in terms of speed and fees. It is fast, and the fees are low.

Fantom is a DAG-based smart contract platform. Instead of packing all data into blocks, each user can submit data units (including, for example, transactions, consumption, etc...), and multiple users can submit data at the same time, meaning that the writing of data units is asynchronous and linked by reference relationships between data units (direct confirmation between nodes).

Discover the many facets of Fantom (FTM) by exploring our comprehensive article "What is Fantom (FTM)."