How to Buy Fantom (FTM)

Fantom is a smart contract platform based on directed acyclic graph (DAG) technology that provides developers with decentralized financial services (DeFi). By using its proprietary consensus algorithm, Fantom aims to solve problems related to smart contract platforms, especially transaction speed. According to the Fantom developers, they have been able to reduce the transaction time to less than two seconds. The Fantom Foundation, which oversees the launch of Fantom products, was established in 2018, and the launch of the platform's main network, Opera, dates back to December 2019.

As an open source, customizable and scalable platform that is developed to overcome the limitations of previous generation blockchain networks, Fantom’s main goal is to build a better and more efficient future and to create an infrastructure in order to help people improve their quality of life through the latest developments in the world of technology. Fantom is part of the digital revolution, with its influence on all aspects of life, including: the adoption of digital assets on a global scale, digital economy and payments, as well as digital identity and medical records.

FTM symbol stands for the native token of the Fantom network, an open-source, high-performance, low-latency, and scalable blockchain platform. The token is used to pay for transaction fees, access certain services within the network, and participate in the governance of the platform. The FTM symbol is similar to stock ticker symbols in order to identify and track them on blockchain networks. The use of symbols to identify crypto tokens has become standard in the cryptocurrency industry, making it easier for users to track and manage their assets on exchanges.

Fantom blockchain uses a unique consensus algorithm called "Lachesis Protocol '' that is based on directed acyclic graph (DAG) technology, allowing for fast and secure transactions. Additionally, it employs smart contracts, Network Sharding partitioning technique, and a robust decentralized governance mechanism to ensure the security of the network. Additionally, Fantom prevents the risk of low-cost attack by removing the leader from among the network participants. On the other hand, in the main network of Fantom Opera, an unlimited number of authenticator nodes can contribute to the security of the network.

By using your FTM (Fantom) crypto tokens, you can engage in the following activities: You can have transactions done: FTM is used as a medium of trade for goods and services within the Fantom network. You can use it in Staking: FTM can be staked so that you can participate in the network’s consensus mechanism and earn rewards. Governance: you as an FTM holder, can participate in the governance of the network by voting on protocol upgrades and other important decisions. Dapps: FTM can be used as a means of exchange within decentralized applications built on the Fantom network so the future of FTM owners is bright in regards to the wide-spread usage of Dapp technology.