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What is Fantom? ($FTM)

Fantom is a decentralized blockchain network developed to be a scalable solution for applications used by large enterprises. The Fantom network is seen as an alternative to the Ethereum network. The network is able to support the EVM-based smart protocol used by the Ethereum network, with expanded protocol interoperability.

The native cryptocurrency of the Fantom network is the Fantom token, mostly recognized by its token designation symbol $FTM. Fantom uses a hybrid consensus mechanism for transaction validation needs on the network. One of the active models is a proof-of-stake consensus mechanism, whereby validators and delegators dedicate token allocations in order to take part in powering the network and keeping the fast transaction speeds going along it.

Registered customers can learn about Fantom, including live price and relevant information and buy and sell $FTM and other cryptocurrencies on the Firstrade cryptocurrency trading platform.

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More about Fantom ($FTM)

The Fantom network differs from other similar decentralized networks in that the permissionless, proof-of-stake design allows for a virtually unlimited number of nodes to join the network as fellow validators. The network only sets a limit of 1,000,000 million tokens designated by any individual node.

The decentralized network Fantom functions as is known as Fantom Opera, and the underlying consensus mechanism is unique and a combination of three methods actually. Another notable feature of the Fantom network is that it is also an open-source network, giving any and everyone the ability to view, modify, and use the code for their own development needs.

Learn more about Fantom ($FTM) and check the most current cryptocurrency prices on Firstrade.

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