Fantom creates a new blockchain each time somebody wants to deploy a new project. These newly created blockchains are layer 2 solutions , which means they depend on Fantom’s mainnet while maintaining their attributes.
Read moreIs Fantom crypto a good investment?
Investors who believe in Fantom can continue to hold and feel good about the network’s long-term prospects, and the discounted price can even be viewed as a buying opportunity . Fantom still has over $7.5 billion in total value locked in the protocol, compared to a market cap of just $3.6 billion.
Read moreWhat layer is Fantom Crypto?
Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services based on smart contracts.
Read moreIs Fantom built on Ethereum?
Fantom is modular Lachesis powers Fantom’s Opera mainnet deployment, that uses the Ethereum Virtual Machine (EVM) and it’s compatible with Ethereum . The modularity makes Fantom exceptionally flexible.
Read moreWho owns Fantom Crypto?
The Fantom Foundation, which takes care of the development of Fantom, was founded by Dr. Ahn Byung Ik, a South Korean computer scientist. Michael Kong acts as the CEO. FTM was launched in late 2018 and began trading for about $0.02.
Read moreWhen was FTM coin launched?
The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019 . Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum.
Read moreHow do you get FTM on Fantom?
The $FTM Token is the Gas on the Fantom network, so we need to get some $FTM Tokens into our newly configured Wallet.
Read more