Fantom L1 Blockchain - FTM / USD Chart

About Fantom Blockchain (FTM)

Fantom (FTM), founded in 2018 by Dr. Ahn Byung Ik, is a next-generation blockchain platform that aims to provide fast, secure, and scalable solutions for decentralized applications (dApps) and smart contracts. The platform is built on a new consensus mechanism called the "Lachesis Protocol", which is designed to improve upon the limitations of existing blockchain platforms such as Ethereum.

One of the key features of Fantom is its high-performance capabilities. The Lachesis Protocol is designed to achieve near-instant confirmation times and high transaction throughput, making it well-suited for use cases that require high-speed and low-latency transactions, such as online gaming and e-commerce.

Fantom also features a unique design that is based on a directed acyclic graph (DAG) data structure, which enables the platform to process multiple transactions simultaneously, further increasing its scalability and performance.

Another important aspect of Fantom is its focus on security. The platform's consensus mechanism is designed to prevent the possibility of a 51% attack and other forms of malicious activity. Additionally, the platform's smart contract language, called "Opera Chain", has been specifically designed to prevent common smart contract vulnerabilities such as the reentrancy attack.

The FTM token is the native cryptocurrency of the Fantom network and is used to pay for transaction fees and to participate in the network's governance. FTM is also used to incentivize the nodes that help secure the network by validating transactions and maintaining the ledger.

Fantom (FTM) Price History



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