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What is Fantom (FTM)?

What is Fantom (FTM)?



What is Fantom (FTM)?

The Fantom Foundation was founded by Ahn Byung Ik, a South Korean computer scientist. The Fantom team has extensive experience, mainly in the field of complete blockchain development. Their goal is to create a smart contract platform that allows scalability, decentralization, and security.

Fantom is a high-performance, scalable, and secure smart contract platform designed to overcome the limitations of previous generation blockchain platforms.

Fantom operates without authorization layers in a decentralized and open-source system. Fantom uses a tailor-made leaderless PoS consensus mechanism called Lachesis, which prevents a stakeholder from assuming a dominant position.

The aBFT consensus algorithm called Lachesis is the engine that powers the blockchain. Its revolutionary aBFT consensus mechanism allows Fantom to be highly secure and much faster and cheaper than previous technologies. The blockchain technology stack can be linked to any distributed ledger.

Lachesis powers Fantom's Opera mainnet implementation, which uses the Ethereum virtual machine technology. Fantom solved the scalability problem by assigning each application its blockchain.

Each blockchain is independent of each other, but being all linked to Lachesis, Fantom's aBFT consensus mechanisms can interact with each other and benefit from the speed and security of the underlying technology. Fantom's token is named FTM and powers the entire Fantom blockchain ecosystem. FTM is used for staking, governance, and payments and commissions on the network.

What's Fantom (FTM) price?

YouHodler aggregates the FTM prices from a variety of the top crypto exchanges. That way, our clients get the most accurate FTM prices possible in real-time. 

Where to buy Fantom (FTM)?

Clients can buy FTM directly on YouHodler. No need to use multiple platforms to buy FTM. Simply deposit crypto, fiat, or stablecoins on YouHodler and convert instantly to FTM. Alternatively, buy FTM with a credit card, debit card or bank transfer. 

How to earn interest on Fantom (FTM)?

By opening a savings account on YouHodler, you can easily accrue interest on your Fantom (FTM). Just deposit FTM and start earning a passive income instantly. Interest rates on YouHodler are compounding with interest payemnts occuring every seven days. 

How to take a loan with Fantom (FTM)?

On YouHodler, you can pledge your Fantom (FTM) to get a stablecoin loan at the best market conditions. To do so, deposit FTM to YouHodler and use our crypto loans feature. Choose a loan plan that's right for you, set the desired parameters and get your loan in minutes. No credit checks needed!

How to trade Fantom (FTM)?

YouHodler's Multi HODL trading tool is unlike any trading tool found on other exchanges. Multi HODL allows traders to long or short FTM with multiplier levels as high as x50. This is a quick and efficient tool with low commissions and a user-friendly interface. For those that want to easily play with crypto market volatility, give Multi HODL a try today on our web app, Android or iOS app. 

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