Fantom is a blockchain aimed at providing high transaction speeds, low fees, and improved scalability for enterprise-level applications moreFantom is a blockchain aimed at providing high transaction speeds, low fees, and improved scalability for enterprise-level applications. The key benefits of Fantom are its fast processing times, low transaction fees, robust smart contract technology, and interoperability with other blockchains. It also offers a secure and efficient platform for decentralized applications (dApps) and DeFi services.
The FTM token acts as the native currency of the Fantom blockchain. It is used for a variety of purposes such as transaction fees, staking, governance, and liquidity provision. FTM holders can participate in network governance by voting on proposals and deciding on the future direction of the blockchain.
Fantom's support for multiple virtual machines, including the EVM and WASM, provides developers with greater flexibility and ease-of-use. It also enables seamless interconnectivity with other blockchains, making it easier to build cross-chain applications.
Fantom's use of the Lachesis protocol, which allows for asynchronous processing of transactions, ensures fast processing times even as a network grows in size. This makes it ideal for handling large-scale enterprise applications without compromising on performance.
In summary, Fantom offers a range of features that make it a viable option for businesses and developers seeking to build efficient, low-cost, and scalable applications. Its use of the FTM token ensures a secure and decentralized platform, while its interoperability with other blockchains allows for greater flexibility and cross-chain integration. (AI generated summary)
Fast, low-cost transactions
Integration of oracles like Chainlink
4% - 13% interest on staked capital
500 thousand FTM necessary for Validator Node
Staking also possible by lending FTM to Nodes
Proof of Stake
Mainnet Opera
Consensus mechanism Lachesis (aBFT)
sFTM that can be used in the network for DeFi and are not blocked
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