Fantom FTM | What Is FTM Crypto | Fantom FTM Explained

Fantom FTM | What Is FTM Crypto | Fantom FTM Explained

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Welcome to our Fantom FTM video!

Fantom (FTM) is a cryptocurrency and a native utility token that drives the Fantom Blockchain, and thus a Mainnet coin as an ERC-20 token for the Ethereum ecosystem and a BEP-20 token for the Binance ecosystem.

FTM token can be used for staking, On-Chain Governance, and platform fees in the Fantom network.

Securing the Network
Fantom utilizes a Proof-of-Stake mechanism, with FTM serving as a staked coin to protect its decentralized network and transactions. Over 500,000 FTM tokens are used to power validator nodes responsible for locking up tokens and verifying transactions. Indeed, staking FTM tokens provides economic incentives for Fantom users to contribute to network security as well as a means of increasing profits.

On-Chain Governance
Fantom is a decentralized platform with no central authority that directs the network and grants complete rights to its users throughout the ecosystem. Therefore, the On-Chain Governance function is another key utility of the FTM token, empowering holders to propose and vote on platform advances.

Fantom’s Uniqueness
Fantom grants users “Leaderless” On-chain governance with the manifest of Proof-of-Stake mechanism, so-called ‘Lachesis Consensus’. As aBFT mechanism, Lachesis allows Fantom’s validator nodes to overcome the prior blockchain’s dilemma in terms of time efficiency and transaction volume.

Is Lachesis Consensus that incredible? How can Fantom atop the cryptocurrency industry with Lachesis? Here are the answers to your curiosity.

Fantom verify transactions in approximately 1 second
Lachesis supports the high scalability of more than a hundred nodes in Fantom’s network.
Lachesis makes Fantom decentralized and secured in a leaderless approach; this means no unique roles like web administrator or central controller power over the system.
Fantom’s smart contract was written in Solidity, the Ethereum-based coding language, and its function is compatible with both Fantom and Ethereum in a cross-chain manner.
For this, developers can plug their smart contracts into Ethereum and enjoy Fantom’s fast performance to the fullest extent possible.
Fantom allows users to create both private or public ledgers by leveraging Ethereum Virtual Machine (EVM) and Cosmos SDK.

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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Fantom FTM video. Make sure to leave a like on the video if you gained value from it!

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⏰ Time Stamp ⏰

00:00 Intro
00:28 What is FTM Fantom
02:28 outro

Видео Fantom FTM | What Is FTM Crypto | Fantom FTM Explained канала Crypto Team