Fantom (FTM) is an open-source, fast and scalable smart contract platform. The platform is compatible with the Ethereum Virtual Machine (EVM) and this means that all smart contracts can interact with Ethereum. Because Fantom uses the Directed Acyclic Graph protocol (a newer way to do fast and cheap transactions), no new blocks need to be created. New transactions can therefore be constantly added to the chain. The FTM tokens are used for a variety of purposes, including on-network fees, payments, and decentralization.
Fantom (FTM) was sold through an ICO (Initial Coin Offering) in 2018. A total of nearly $40 million in funds has been raised here.
Fantom is a decentralized blockchain where the FTM tokens are used to make collective choices.
The Fantom network has an extremely fast transaction speed compared to most other blockchains.
When is a good time to get in?
Fantom statistics from the last 24 hours
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Fantom (FTM) like many other currencies has had a slow start, with a price that once stood at €0.0038 per FTM, it is therefore a project that has experienced significant growth. On November 9, 2021, Fantom even hit an all-time high of no less than €2.73 per coin.
To get here, Fantom had to innovate a lot. Not only is Fantom's blockchain very fast, secure, and cheap, but the system also uses the new Directed Acyclic Graph (DAG) algorithm. This algorithm is unique and very innovative. Since other blockchains such as Ethereum have often had to deal with overcrowded order books and high transaction costs, alternatives such as Fantom proved to be a good option.
In addition, Opera (Fantom's blockchain) is compatible with the Ethereum Virtual Machine (EVM) and the Cosmos DSK (an open-source framework for blockchains).
Within the Fantom ecosystem, DeFi is a large part of all activities on the blockchain. In 2021 there were therefore a lot of DeFi protocols active within Fantom. In addition, many NFT projects are active within Fantom. Partly due to the low transaction costs and high speed of the blockchain, these types of decentralized applications were very interesting for many investors.