Fantom (FTM) is a cryptocurrency built for speed, scalability, security, smart contract support, and a consensus as a service. Fantom is permission less, decentralized, and open source. FTM stands out from blockchains like XPR because it doesn’t use a blockchain it uses a directed acyclic graph (DAG) and the Lachesis ABFT consensus algorithm. The Lachesis algorithm was developed by Fantom and has a few characteristics that make the token’s code unique:
· Asynchronous: Participants have the freedom to process commands at different times.
· Leaderless: No participant plays a “special” role.
· ByzantineFault-Tolerant: Functional in a presence of up to one-third of faulty nodes and malicious nodes.
· Final: Lachesis’s output can be used immediately. Transactions are confirmed within 1-2 seconds.
Lachesis allows scaling transaction throughput while keeping instant finality and without an increased risk of centralization. This is a very interesting feature of the Fantom code, and this platform can be easily integrated into several blockchains.
To connect your wallet to the Fantom Mainnet follow the directions provided here. Fantom has a on-chain governance for its network. Fantom is one of the first chains that support on-chain governance for a fully decentralized blockchain. The governance system allows FTM holders to further engage with Fantom by giving their opinions and suggestions by creating new proposals and voting on existing ones to improve the network. Click here to learn more about Fantom’s On-chain governance
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Tokenomics
Current Price: $1.15
Max Supply: 3,175,000,000
Total Supply: 2,000,000,000
Market Cap: $2,929,259,760
Future of FTM
The payments made on the Fantom network take around 1 second and cost $0.0000001. Additionally, the transactions made on the FTM platform are highly secure due to the Proof-of-Stake system.
Staking Rewards For Fantom Holders is one of the best solutions to Fantom cryptocurrency buyers.Users who stake their Fantom (FTM) tokens on the platform gain an APR of a minimum of 3.79% to a maximum of 11.59%. The rate of APR depends on two factors:
The amount of FTM tokens staked
The total time for which the tokens are staked.
For example, if a person stakes 10 FTM for a period of 221 days, they’ll receive 1 FTM token with a current APR of 8.39%.
On the other hand, if someone stakes 20,000 FTM tokens with a locking period of 30 days, they’ll receive 69 FTM with a current APR of 4.14%. To get a custom idea of the APR rate and estimated rewards, you can visit the official website and use the calculator by selecting the number of tokens you hold and the amount of period you want to lock them in the FTM network.
It must be noted that FTM holders cannot trade, buy, or sell their FTM tokens; they must unstake them first, which will take about 7 days. Also, if FTM holders unstake their tokens before the lockup period are complete, all their FTM tokens will be burned! Stake your FTM coins here. This cryptocurrency attempts to tackle the major problem most blockchains face which is speed, security, and decentralization. An American household uses more energy a year than the entire Fantom network. Fantom is also EVM compatible making it super easy for developers to copy their projects from the Ethereum network to FTM.I expect Fantom to support a lot of projects outside the decentralized finance world in 2023. The true value of Fantom will be realized after September 2023.
