$FTM
Fantom (FTM) is a high-performance blockchain platform designed to support decentralized applications (DApps) and decentralized finance (DeFi). Its mainnet, known as Fantom Opera, is built on a unique consensus mechanism called Lachesis, an asynchronous Byzantine fault-tolerant (aBFT) protocol that aims to achieve fast, secure, and scalable transactions. This technology allows the network to process transactions nearly instantly while maintaining high security without the need for block leaders, reducing the risk of attacks.
FTM is the native token of the Fantom network. It is used for governance (voting on proposals), staking, and paying for transaction fees. The total supply of FTM is 3.175 billion tokens, and the token is available on various blockchains, including Ethereum (as ERC-20) and Binance Chain (as BEP-2).
Fantom’s architecture allows it to run Ethereum-compatible smart contracts, making it easy for developers to build applications that can interact with Ethereum while benefiting from Fantom's higher transaction speed and lower costs. FTM is often used for staking within the network, which rewards participants for securing the network.
