Fantom

Fantom (FTM) is a high-speed, scalable blockchain platform designed to address the limitations of previous-generation blockchains. By leveraging innovative technology and a unique consensus mechanism, Fantom aims to provide a robust infrastructure for decentralized applications (dApps), digital assets, and decentralized finance (DeFi). The platform's native cryptocurrency, FTM, plays a vital role in its ecosystem, facilitating transactions, staking, and governance.

What is Fantom?

Fantom (FTM) is an advanced blockchain platform that combines speed, security, and scalability. It utilizes the Lachesis consensus mechanism, an asynchronous byzantine fault-tolerant (aBFT) protocol, to process transactions efficiently. Fantom's architecture is based on a directed acyclic graph (DAG) structure, which allows for high throughput and low latency, making it ideal for a wide range of applications.

Fantom's native token, FTM, is utilised for network security, platform governance, and transaction fee payment.

Who are the founders of Fantom?

Fantom was founded by Ahn Byung Ik, a South Korean computer scientist with a vision to create a more efficient and scalable blockchain platform. The development and promotion of Fantom are managed by the Fantom Foundation, a non-profit organization dedicated to advancing the capabilities and adoption of the Fantom network. The foundation plays a crucial role in fostering innovation and ensuring the platform's growth.

How did Fantom (FTM) come to be?

Fantom was conceived in response to the challenges faced by existing blockchain technologies, such as slow transaction speeds, high fees, and scalability issues. Launched in 2018, Fantom aimed to overcome these limitations using its innovative Lachesis consensus mechanism. The platform's unique approach to consensus and its directed acyclic graph (DAG) architecture set it apart from other blockchain projects, offering a compelling solution for developers and enterprises.

How does Fantom (FTM) work?

Lachesis consensus mechanism

Fantom operates on the Lachesis consensus mechanism, an asynchronous byzantine fault-tolerant (aBFT) protocol. This bespoke consensus algorithm allows nodes to reach consensus independently, without relying on a linear block structure. This results in faster and more reliable transaction confirmations, ensuring efficient transaction processing and enhanced network security.

Directed acyclic graph (DAG)

Fantom's architecture is based on a directed acyclic graph (DAG) structure, which enables high throughput and low latency. This structure allows the network to handle a high volume of transactions without slowing down, making it highly scalable. The directed acyclic graph (DAG) DAG approach ensures that the platform can accommodate the needs of various applications, from simple transactions to complex smart contracts.

History of Fantom (FTM): Key Events and milestones

Since its launch in 2018, Fantom has achieved several significant milestones that have shaped its development and growth:

• 2018: Launch of the Fantom project and establishment of the Fantom Foundation.

• 2019: Deployment of the Fantom Opera mainnet, which enhanced the network's capabilities and allowed for the development of more sophisticated applications.

• 2020: Integration with the Ethereum Virtual Machine (EVM), enabling developers to easily migrate and integrate existing dApps.

• 2021: Expansion of the Fantom ecosystem with new partnerships, decentralized applications, and DeFi projects, further solidifying its position in the blockchain space.

Who are typical investors and owners?

Fantom attracts a diverse range of investors, including:

• Developers: Drawn to Fantom's smart contract platform and compatibility with EVM, which makes it easier to build and deploy decentralized applications.

• Enterprises: Interested in the network's scalability, low network fees, and high transaction speed, which can support their business operations.

• Retail Investors: Attracted by the growth potential of FTM tokens and the innovative technology behind Fantom, many retail investors see it as a promising addition to their cryptocurrency portfolios.

What kind of community does Fantom bring together?

The Fantom community is a vibrant and diverse group consisting of:

• Developers: Building decentralized applications and contributing to the growth of the Fantom ecosystem.

• Investors: Supporting the network through staking and trading, helping to maintain its security and liquidity.

• Enthusiasts: Promoting Fantom and engaging in community activities, discussions, and events to raise awareness and drive adoption.

Its role in the crypto market

Fantom has established itself as a significant player in the cryptocurrency market. Its unique technology, strong performance metrics, and active community have made it a popular choice for developers, investors, and enterprises. The market cap of Fantom reflects its increasing adoption and value in the market, with FTM tokens being actively traded on numerous exchanges.

Market trends so far

The Fantom price has shown impressive growth since its launch, reflecting the platform's expanding capabilities and adoption. The highest price paid for FTM tokens during bullish market runs has demonstrated the strong demand for this innovative cryptocurrency. Specifically, the highest FTM price was $3.48, reached on October 28, 2021.

The current price of Fantom, along with its trading volume and 24 hour trading volume, indicate its active participation in the crypto market and its potential for future growth. The current market cap of Fantom stands at approximately $3 billion, with a 24-hour trading volume of about $200 million.

Supply of FTM tokens

The total supply of FTM tokens is capped at 3.175 billion. The current circulating supply of FTM is around 2.5 billion tokens. This controlled supply mechanism ensures scarcity, which can drive the value of the token as demand increases.

Why trade Fantom (FTM)?

Trading Fantom offers several advantages:

• High liquidity: The FTM price is supported by high trading volumes across multiple exchanges, making it easy to buy and sell FTM tokens.

• Growth potential: The innovative technology and increasing adoption of Fantom suggest strong future prospects, making it an attractive investment for many.

• Staking rewards: Investors can earn rewards by staking FTM tokens and contributing to network security, providing an additional incentive to hold and trade Fantom.

The future of Fantom

The future of Fantom looks promising, with ongoing developments and enhancements being spearheaded by the Fantom Foundation. Key areas of focus include:

• Enhanced scalability: Continuous improvements to handle more transactions efficiently and support a growing number of decentralized applications.

• Ecosystem expansion: Increasing partnerships, integrations, and the development of new decentralized applications within the Fantom ecosystem.

• Community growth: Engaging with the community to foster development, innovation, and broader adoption of Fantom's technology and platform.

Fantom's mainnet deployment platform

The Fantom Opera mainnet is the backbone of the Fantom network, providing a robust and scalable infrastructure for decentralized applications. This mainnet deployment platform leverages the Lachesis consensus mechanism to ensure high performance and security, making it an attractive choice for developers and enterprises alike.

Fantom's ecosystem

The Fantom ecosystem encompasses a wide range of applications, services, and partnerships that contribute to its growth and adoption. Key components of the ecosystem include:

• Decentralized Applications (dApps): Fantom supports a variety of dApps, ranging from simple financial applications to complex DeFi projects.

• Partnerships: Collaborations with other blockchain projects, financial institutions, and technology companies help to expand the reach and capabilities of the Fantom network.

• Community initiatives: Programs and events designed to engage and support the Fantom community, fostering innovation and adoption.

Current market performance

The current price of Fantom (FTM) reflects its dynamic market performance and the growing interest in its technology. Monitoring the current market cap and trading volume provides insights into the platform's adoption and potential for future growth.

As the coin's price fluctuates, new investors continually seek to buy Fantom.

Conclusion

Fantom (FTM) is a pioneering blockchain platform that combines speed, security, and scalability to support a wide range of decentralized applications and digital assets. Its innovative technology, active community, and strong market performance make it a compelling choice for developers, investors, and enterprises looking to leverage the power of blockchain.

With ongoing developments and a promising future, Fantom is poised to continue its growth and play a significant role in the evolving landscape of decentralized finance and blockchain technology.