Fantom Crypto News
What is Fantom crypto?
Fantom is a smart contract platform that uses a directed acyclic graph (DAG) rather than a blockchain to support a network aiming at maximizing speed and scalability.
Fantom is a Layer 1 project that uses a single consensus layer to support the creation of multiple execution chains. FTM, the project’s native token, is for payments, governance, and ongoing block rewards sent to validators and delegators who stake FTM. The network’s independent consensus layer, called Lachesis, features a novel consensus mechanism developed by the Fantom Foundation dubbed the “Lachesis Protocol.”
How does Fantom work?
Fantom’s components are modules that can be linked together by dApp developers. All of the platform’s components have stand-alone utilities as well as integration links. They allow clicking together into applications on the Fantom smart contract platform at a low cost. These modules include data storage, computation power, consensus mechanism, and more.
Fantom is a full-service blockchain platform that provides the resources required to develop dApps. Fantom provides an easy-to-use interface for developers, so they don’t have to build their own blockchain or develop custom code. And Fantom uses multi-party computing to ensure transactions are performed reliably and instantly.
Fantom Network helps developers by eliminating the trade-offs of traditional blockchain platforms. With the main purpose to create high-performance applications that meet all of their goals.
Where to buy Fantom crypto?
On the official website of Fantom Foundation, you can find a full list of the exchanges that support FTM.
How to add Fantom to Metamask?
To add Fantom to MetaMask, you need to log in to your MetaMask wallet and add a new network.
In the network fields, you need to enter Fantom’s network name, RPC URL, chain ID, symbol, and blockchain explorer URL.
You can get this information on the Fantom docs website.
The network that you want to use is the Fantom Opera network (Fantom mainnet).
After you’ve added the Fantom network to MetaMask, you’ll be able to send and receive FTM tokens.
Is FTM a good investment?
The Fantom Network is a next-generation, highly scalable blockchain platform. It uses a bespoke variety of proof-of-stake algorithms to provide services and secure its network. FTM is also using as a governance token.
We kindly remind you that before investing in any cryptocurrency, it is essential to do your own research (DYOR).
Risk tolerance plays a pivotal role in shaping an investor’s strategy, influencing decisions on asset allocation, investment choices, and overall portfolio structure. It refers to the...
Asset allocation and portfolio diversification are crucial strategies for managing risk and optimizing returns in investing. While they are often used together, each serves a distinct...
Investing strategies can broadly be divided into two categories: long-term and short-term. Each approach has distinct goals, risk profiles, and time horizons, catering to different investor...
Digital fraud has become a growing concern as more people and businesses rely on online platforms for transactions. There are several common types of digital fraud, each posing distinct...
Blockchain technology has the potential to revolutionize supply chain sustainability by enhancing transparency, traceability, and efficiency. In traditional supply chains, stakeholders often...
Intellectual Property (IP) protection is critical in today’s digital economy, where innovation is often vulnerable to theft or unauthorized use. Traditional methods of IP protection, such...
In the digital era, data is often referred to as the “new oil.” As artificial intelligence (AI) and machine learning (ML) technologies rapidly evolve, the importance of data...
Encryption is a powerful tool that safeguards your personal data, ensuring privacy and security in an increasingly digital world. It involves converting information into a code that can only...
Account abstraction is a concept in blockchain technology designed to enhance the flexibility and functionality of user accounts. Traditionally, in blockchain networks like Ethereum, there...
The integration of blockchain technology into payroll systems is revolutionizing how organizations manage employee compensation. By leveraging blockchain, companies can streamline payroll...
Energy trading platforms utilizing blockchain technology are revolutionizing how we buy and sell energy. By providing a decentralized framework, these platforms enable peer-to-peer (P2P)...
The landscape of automated payments is rapidly evolving, driven by advancements in technology and changing consumer preferences. As we move deeper into the digital age, the demand for...
The emergence of multichain technology is transforming NFT marketplaces by enhancing accessibility, liquidity, and user experience. Traditionally, NFTs were often confined to a single...
Oracles play a crucial role in the functionality of blockchain bridges, enabling seamless communication between disparate blockchain networks. By acting as intermediaries, oracles provide...
Decentralized Physical Infrastructure Networks (DePin) represent a groundbreaking shift in the blockchain landscape. By integrating physical assets into decentralized networks, DePin...
The token burn mechanism is a crucial aspect of many cryptocurrency ecosystems, aimed at controlling supply and enhancing value. By permanently removing tokens from circulation, projects can...
Stablecoins have emerged as a pivotal innovation in the cryptocurrency landscape, designed to maintain a stable value by pegging them to traditional assets, such as fiat currencies or...
Decentralized Autonomous Organizations (DAOs) represent a transformative shift in organizational governance, and smart contracts are at the heart of this innovation. Smart contracts are...