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).
Decentralized Physical Infrastructure Networks (DePIN) are emerging as a revolutionary concept in the blockchain space, transforming the way physical infrastructure is managed and operated....
A Distributed Denial of Service (DDoS) attack is a malicious attempt to disrupt the normal traffic of a targeted server, service, or network by overwhelming it with a flood of internet...
Revolutionizing GameFi: The Power of Fantom Opera Chain
The rapidly evolving world of blockchain technology continues to push boundaries, and GameFi stands at the forefront of this...
Transforming Digital Assets: The Future of NFTs in the Marketplace
Non-fungible tokens (NFTs) have revolutionized the way we perceive and trade digital assets. Unlike traditional...
The Fantom ecosystem is rapidly emerging as a powerhouse in the blockchain space, known for its high-speed transaction, scalability, and innovative infrastructure. Fantom’s unique...
Fantom Sonic: A Leap Forward in Blockchain Technology
Fantom Sonic is set to transform the blockchain landscape with its cutting-edge technology and enhanced performance. As the latest...
The Upgraded Fantom Opera Chain: A New Era of Blockchain Performance
The blockchain landscape is poised for a transformative leap forward with the upgraded Fantom Opera Chain. This latest...
Introducing the Fantom Sonic Community Council
The blockchain ecosystem is rapidly evolving, and to navigate these changes, the Fantom Sonic Community Council (SCC) has been established.This...
zkMe Partnership with DOP, this collaboration integrate zkMe’s cutting-edge identity verification and management services into DOP, offering users enhanced security, privacy, and...
Pyth Entropy on Base, this deployment empowers developers on Base to tap into a reliable and secure source of randomness to power financial and creative enterprises such as prediction...
Injex Partnership with DojoSwap, this collaboration underscores the growing synergy and trust within the Injective community, highlighting the robust capabilities and mutual goals of both...
Metis Integration with Secret Network, aims to provide a more secure, private, and innovative platform for decentralized applications, enhancing the DeFi landscape and fostering greater user...
Introducing “CASH” by EtherFi, Spending money using the card either borrows USDC against your ether.fi assets or swaps them into USDC for instant settlement — your...
CodeXchain Integration with Near Protocol, represents a major step forward in making blockchain development accessible to a wider audience and underscores CodeXchain’s commitment to...
Allora Points Program, these points acknowledge your unique actions that drive Allora’s vision of transforming intelligence into a digital commodity.
Allora Points are a network-wide...
Mind Network Strategic Alliance with Babylon, Mind Network will leverage Bitcoin LRTs (Liquid Restaking Tokens), issued to represent native bitcoins staked through Babylon, to secure Mind...
Peaq Partnership with Nuklai, exploring different technical scenarios to complement each other’s core functions, such as data verification and monetization, for the mutual benefit of both...
Testnet launch of Turbo on zkSync, Turbo, powered by Herodotus, introduces a new type of transaction that will enable zkSync smart contractsto access current and historical data located on...