#Fantom (#FTM ) is a DAG (Undirected Acrylic Graph) based smart contract platform. The main goal of the platform is to use public distributed ledger technologies to address scalability issues. For this, it plans to parse existing DAG-based protocols using an improved version.
Fantom has adopted the Lachesis Protocol and aims to integrate this protocol into the Fantom Opera Chain. The platform moves forward with the goal of ensuring compatibility between all trading instruments worldwide. It also uses a timestamp called Lamport to obtain topographic sequences of event blocks. #BTC
Fantom aims to increase scalability by increasing transaction speeds and reducing transaction costs. The platform offers fast, secure and low-cost transactions, allowing users to trade hassle-free.
"DAG" (Directed Acyclic Graph) is a data structure that means directed acyclic graph. This data structure has a structure that moves in a single direction and will never be repeated. In DAG-based cryptocurrencies, each node represents a different transaction.
DAG, which does not have blockchain logic, does not need mining to expand its database. Instead, each process builds on the other. DAG completes the Proof of Work (#PoW ) process for each transaction sent to ensure that the network is not spammed and to verify previously made transactions.
Fantom (FTM) cryptocurrency has many advantages. Based on the CryptoNode algorithm, Fantom is the first cryptocurrency that does not require expensive hardware for mining. This feature is possible thanks to the ability to mine using a 64-bit CPU.
Fantom also provides a high level of privacy thanks to the CryptoNode mining protocol, an open source technology. This protocol ensures that all parties remain anonymous by using ring signatures instead of signatures used in transactions. In this way, it cannot be determined who uses the private keys among the users making transactions and the users become anonymous.
Fantom (FTM) Coin is a digital currency that is becoming increasingly popular in the cryptocurrency market.
FTM can be easily bought and sold on cryptocurrency exchanges and exchanged for other cryptocurrencies.
FTM can also be used as a payment tool. Transactions are confirmed within two minutes, providing a fast and secure payment method.
Fantom (FTM) is among the cryptocurrencies that can be staked. You can participate in the staking process by acting as a validator node. In this way, FTM owners can earn passive income by ensuring the security of the network.
Additionally, FTM can be used as collateral in DeFi packages. FTM holders can earn passive income by providing liquidity to DeFi platforms.
FTM token can be stored in both wallet versions, online and offline. FTM wallets allow users to securely store and transfer their digital assets.
Fantom (FTM) Coin has many advantages and features. FTM stands out among other cryptocurrencies with its features such as fast transaction confirmation time, stakingability feature, ability to be used as a payment tool and collateral on #DeFi platforms.
This article is for informational purposes only and is not a recommendation for personal investment decisions.
