Luna Sanchez
Disclaimer: This post contains affiliate links.
Fantom (FTM) Coin is a distributed ledger technology stack that’s building a Direct Acyclic Graph (DAG)-based platform, which allows organisations businesses and individual persons to develop decentralised apps (DApps) that can be used in a wide range of industries. Fantom is a new breed of blockchain technology. Fantom-based blockchains are faster, more secure, and scalable than existing technologies.
Image Via: Fantom.foundation
Fantom Coin, an ultra-fast high performance blockchain platform, aims to be the supply chain backbone of tomorrow’s smart cities. Fantom is a decentralised system for storing data in the blockchain. The distributed ledger has an offering of 300,000 transactions per second and supports communication with service providers to allow for unlimited storage capacity.
Fantom’s blockchain is built with the intention of being scalable and adaptive to changing technology environments. The Fantom-Zonemaster protocol guarantees that nodes can easily connect to one another without slowing down transactions, even if they are across different networks or regions. It also uses the Proof-of-Stake algorithm which eliminates mining, thus enabling faster transaction speeds than most other cryptocurrencies on the market today.
“Fantom achieves decentralisation and security through a permissionless and leaderless consensus protocol, in which anyone can join and leave the network at any time and all nodes are equal.” - Fantom.foundation
On Fantom, money transfers take around 1 second and cost about $0.0000001!
There are 3.175 billion FTM. 2.1 Billion are in current circulation. Currently, FTM is available as a native token on the mainnet, an ERC-20 token and a BEP-2 token. Fantom (FTM) is a digital cryptocurrency that will never exceed 3.175 billion coins. All of the tokens are based on different standards to facilitate trading.
Fantom have made a wallet that is a PWA (Progressive web App ), this allows them to update is easily. You can store FTM in Fantom’s PWA wallet .
The Fantom Opera Chain went live on 27 December 2019.
You can purchase FTM on the following platforms:
Binance, Uniswap, FTX, 1inch, Sushiswap, Kucoin, Bibox, Bitmax, OKEx , Beaxy, Delta Exchange, Coinone, Coinspot and Bitcoin Meester all support Fantom (FTM).
We recommend using OKEx . OkEx is considered a reliable and safe platform to trade on and has a wide range of alt coins you can trade with. KYC is also not required to trade on OKEx.
Tip: (If you use our link you will get $10 if you deposit more than $100 on OKEx)
Step 1 - Go to pwawallet.fantom.network and click on Create Wallet and enter a password.
Step 2 - Download the keystore file and continue. Write down your 24 word mnemonic phrase and private key and verify it.
Step 3 - Click on Access your Wallet and you will be able to see your Fantom Wallet details!
Yes! Fantom have even set up a helpful guide to walk you through the process of setting up with your Ledger wallet . (Nano S and Nano X are supported).
Fantom (FTM) is not supported by Coinbase .
You can stake Fantom and gain up to 13% APY in rewards as a bonus, you can do this directly from your phone or PC as well.
Official Website: https://fantom.foundation/
Telegram: Telegram
Discord: http://chat.fantom.network/
Twitter: https://twitter.com/FantomFDN
Disclaimer: Cryptotravellers or the author are not a financial advisor and the information in this article is not financial advice and should not be construed in this way.
Written By
Luna graduated from University College London with a BA in English, minoring in creative writing. She specialises in writing financial news and analysis, as well as cryptocurrency news and information.
Luna SanchezPatrick Shyu’s channel, Techlead on YouTube, has come under fire with accusations of engineering a multi-million dollar pump and dump scheme. …
Luna SanchezEnzyme Finance was formerly known as Melon Protocol. Enzyme (MLN), wants to make it easier for anyone with a computer and internet access the ability …