Fantom (FTM) is a decentralized, open-source blockchain platform that aims to provide fast and secure transactions for enterprises and individuals. It uses a hybrid consensus algorithm called "Lachesis," which combines proof-of-stake (PoS) and directed acyclic graph (DAG) technology to enable high-speed transaction processing and low transaction fees.
Fantom is designed to be scalable and flexible, with the ability to support a wide range of applications and use cases. It aims to solve many of the issues that plague other blockchain platforms, such as slow transaction speeds, high fees, and lack of interoperability.
Fantom has a native cryptocurrency called FTM, which is used to power the network and facilitate transactions. FTM can be traded on various cryptocurrency exchanges and is used to incentivize network participants and reward them for contributing to the network's security and stability.
Overall, Fantom is a next-generation blockchain platform that aims to provide fast, secure, and scalable solutions for a variety of applications and industries.
Fantom was founded by a team of experienced professionals in the technology and blockchain space, including Dr. Ahn Byung Ik, Dr. Matthew J.C. Martin, and Michael Kong.
Dr. Ahn Byung Ik is the CEO and co-founder of Fantom. He has a Ph.D. in computer science and has worked in the tech industry for over 20 years. He has a strong background in software engineering and has held leadership positions at several companies, including Samsung SDS and LG CNS.
Dr. Matthew J.C. Martin is the CTO and co-founder of Fantom. He is a computer science researcher and has a Ph.D. in the field. He has a strong background in blockchain and distributed systems, and has published numerous papers on these topics.
Michael Kong is the Chief Commercial Officer and co-founder of Fantom. He has a background in business development and strategy, and has held leadership roles at several companies, including Samsung SDS and LG CNS.
Together, the founders of Fantom have a wealth of experience and expertise in the technology and blockchain space, and are well-equipped to lead the development of the Fantom platform.
Fantom is a decentralized platform that utilizes a distributed ledger technology known as the "Opera" blockchain. The project was founded in 2018 by Dr. Ahn Byung Ik, Michael Kong, and Brian Kang, with the goal of creating a high-performance, scalable, and secure blockchain platform that could be used for various applications, including the creation of digital assets, smart contracts, and decentralized applications (DApps).
One of the key features of Fantom is its ability to process transactions quickly and efficiently, with the platform claiming to have the ability to handle thousands of transactions per second. In addition, the Fantom platform uses a unique consensus algorithm called "Lachesis", which is based on directed acyclic graphs (DAGs) and is designed to be more efficient and secure than traditional blockchain consensus mechanisms.
Since its inception, Fantom has gained a significant following within the cryptocurrency and blockchain community, with many people recognizing the potential of the platform to revolutionize various industries. The project has also garnered support from a number of prominent figures in the tech and investment sectors, including Tim Draper and Jeff Garzik.
In the years since its launch, Fantom has made significant progress towards its goal of becoming a leading decentralized platform, with the company releasing a number of updates and enhancements to its technology. In 2020, Fantom launched the mainnet for its Opera blockchain, and the platform is currently being used by a growing number of companies and organizations around the world.
Fantom is a distributed ledger technology (DLT) and smart contract platform that aims to provide fast, secure, and scalable infrastructure for decentralized applications (dApps). It is based on a unique consensus mechanism called Lachesis, which utilizes a directed acyclic graph (DAG) data structure to achieve high transaction throughput and low latency.
Here's a brief overview of how Fantom works:
Users can interact with dApps built on the Fantom platform using a wallet that supports the Fantom token (FTM). Transactions made through these dApps are recorded on the Fantom ledger and are subject to the same security and consensus mechanisms as other transactions on the network.
To buy Fantom (FTM), you will need to follow these steps:
Withdraw your FTM to a secure wallet: After you have successfully purchased FTM, it is important to withdraw your FTM from the exchange to a secure wallet that you control. This will ensure that your FTM is safe and secure, as exchanges are vulnerable to hacking and other security threats
sell Fantom (FTM), you will need to follow these steps:
The Fantom network is secured through a combination of technical and economic measures. Here are some of the key ways in which the Fantom network is secured:
Overall, the combination of these measures helps to ensure the security and integrity of the Fantom network.
Fantom (FTM) is a cryptocurrency that can be purchased on various online exchanges. Some of the most popular exchanges that support the trading of FTM include:
Before buying FTM, it is important to compare the fees and features of different exchanges to find the one that best meets your needs. It is also important to ensure that the exchange you choose is reputable and secure, as exchanges are vulnerable to hacking and other security threats.
Fantom (FTM) is a cryptocurrency that can be traded on various online exchanges. Some of the most popular exchanges that support the trading of FTM include:
Before trading FTM, it is important to compare the fees and features of different exchanges to find the one that best meets your needs. It is also important to ensure that the exchange you choose is reputable and secure, as exchanges are vulnerable to hacking and other security threats.