Fantom (FTM)

About

Fantom (FTM) is a high-performance blockchain platform designed to support decentralized applications (dApps) and smart contracts. It utilizes the Lachesis consensus mechanism, which is asynchronous Byzantine Fault Tolerant (aBFT), ensuring speed, scalability, and security. This technology allows Fantom to process thousands of transactions per second without compromising decentralization or security. The native cryptocurrency, FTM, is used for transaction fees, staking, and governance, empowering holders to vote on network decisions. Fantom is EVM-compatible, making it easy to port Ethereum-based dApps. It supports DeFi applications like lending and trading, offering near-zero fees and instant transactions. The platform also accommodates NFTs and gaming, providing a robust infrastructure for various use cases. Fantom's modular architecture allows for customization and interoperability with other blockchains, enhancing its utility for developers. With its focus on scalability and security, Fantom has become a popular choice for building decentralized finance (DeFi) platforms and other applications.