Fantom (FTM) is a high-speed and scalable smart contracts platform that seeks to overcome the limitations of traditional blockchains like Ethereum.
It uses an advanced technology called Directed Acyclic Graph (DAG) to provide fast and low-cost transactions, aiming to become the backbone of the Internet of Things (IoT) infrastructure for emerging smart cities.
Key Features:
Decentralization: It operates on a global network of computers (blockchain) that records and validates transactions transparently and securely, without a central authority.
High Scalability: By using DAG technology, Fantom aims to offer nearly infinite scalability and instant transactions at almost no cost.
Ethereum Compatibility: Fantom is compatible with the Ethereum Virtual Machine (EVM), making it easier to migrate decentralized applications (dApps) from Ethereum to Fantom.
Utilities:
dApp Development: It provides a platform for developers to build decentralized applications that require fast and low-cost transactions.
Decentralized Finance (DeFi): It allows the creation of DeFi platforms that operate on the Fantom network, offering financial services without intermediaries.
Supply Chain Management: Thanks to its ability to securely store large amounts of data, Fantom is ideal for sectors such as supply chain management or healthcare.
Whitepaper:
The technical document of Fantom is available on its official website.
Annual price evolution of Fantom (FTM):
This is a list with the approximate price of FTM at the end of each year since its launch:
2018: $0.02
2019: $0.01
2020: $0.02
2021: $2.25
2022: $0.20
2023: $0.25
2024: $0.69 (as of November 25)
* This project may be an indispensable part or a temporary prosthesis for the future, a project worthy of calm research for intelligent evaluation *
