Cryptocurrency of the Day ( $FTM ) 🪙

What is Fantom? 🧐

@FantomFDN is a scalable and fast blockchain platform. #Fantom, a network that can run smart contracts, allows decentralized applications (#dApps) to run with high performance. Fantom's main goal is to provide a solution to the scalability and speed problems faced by blockchain technology.

Fantom aims to provide a reliable, fast and low-cost platform especially for decentralized finance (DeFi) applications and institutional uses. Minimizing delays in the blockchain and providing high transaction volume is one of the most important goals of the platform. In this way, users and developers can use decentralized applications more efficiently and at affordable costs.

Featured Features ⚙️

🔹Lachesis Consensus Mechanism: Fantom uses a consensus algorithm called Lachesis. This algorithm offers an asynchronous Byzantine Fault Tolerance (aBFT) that provides high security and speed. Lachesis quickly verifies transactions, ensuring that blocks are confirmed instantly.

🔹High Scalability: The Fantom network offers high scalability thanks to the ability of each node to independently verify transactions. This is a significant advantage, especially for applications with high transaction volumes.

🔹Low Transaction Fees: Fantom keeps transaction costs very low, making it an attractive platform for users and developers. This provides a significant advantage, especially in microtransactions.

🔹EVM (Ethereum Virtual Machine) Compatibility: Fantom is compatible with the Ethereum Virtual Machine (#EVM). This allows #Ethereum-based dApps to be easily ported to the Fantom network.

$FTM Statistics 📊

Price: $0.4457

TVL: $78.04 million

Market Cap: 1,249,276,650$