$0.4124 / $0.3845
What is Fantom (FTM)
Fantom (FTM) defines itself as a directed acyclic graph (DAG) based blockchain ecosystem that aims to offer real world solution to real world problems. The projects states that the platform’s asynchronous byzantine fault tolerant (aBFT) Proof of Stake (PoS) consensus mechanism can power any blockchain with high unparalleled speed, security and reliability. Moreover, because of the fact that the Fantom is integrated with the EVM (Ethereum Virtual Machine), developers are able to deploy their smart contracts on Fantom Blockchain in the same way they do on Ethereum network.
Fantom considers itself as a next generation Consensus as a Service (CaaS) platform and let anyone to build their blockchain they envision without any limits, as the project documents state. The platform’s main net, Opera Chain, supposedly supports very fast smart contract execution with transactions that are settled in under two seconds. Fantom’s native token FTM is used for network fees, staking and on chain governance.