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 moreWhat is FTM coin used for?
FTM tokens are used for staking, governance, payments, and fees on the network . There is a total supply of 3.175 billion FTM coins, with 2.5 billion in circulation as of March 2021. The remainder will be distributed as Fantom staking rewards.
Read moreWhat is FTM token?
What is FTM? FTM is the primary token on the Fantom network . FTM is used for securing the network through staking, for governance, for payments, and for fees.
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.
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