Buy Fantom (FTM), it’s easy!

Why Buy Fantom (FTM)?

When considering whether to buy Fantom (FTM), it’s important to understand that it’s a platform designed for creating smart contracts and building decentralised financial services (DeFi). One of Fantom’s key features is its consensus mechanism, Lachesis, which combines Proof-of-Stake (PoS) with a Directed Acyclic Graph (DAG) to ensure fast, secure, and efficient transactions. Additionally, Fantom is fully compatible with Ethereum, allowing the use of all dApps developed through Solidity, Ethereum’s programming language, thanks to its integration with the Ethereum Virtual Machine (EVM).

Before purchasing Fantom, it’s important to understand that FTM is the platform’s native token. There are ERC-20 and BEP-20 versions of FTM, but only the native version can be used on the main network, Opera. FTM is crucial for paying transaction fees, securing the network through staking, and participating in governance. The total supply of FTM is 3.175 billion tokens, with a targeted distribution that encourages active user participation and supports network growth.

What It Is and How It Began

The Fantom Foundation was established in 2019 by South Korean computer scientist Dr. Ahn Byung Ik. Dr. Ahn’s goal was to create a blockchain platform that could address scalability and transaction speed issues, which are crucial for global adoption. Following the foundation, the project was continued by Michael Kong, the current CEO, who has been leading Fantom’s technical development and strategic expansion.

The Fantom team comprises skilled engineers, scientists, and researchers, including Michael Chen, the Chief Marketing Officer, and David Richardson, the project’s general director. Fantom has received valuable technical guidance from Andre Cronje, a well-known DeFi world figure and the creator of the Yearn finance protocol. Cronje’s advice has greatly helped improve and optimise the network’s technical capabilities.

Before deciding to buy Fantom, it’s important to note that the project has established many strategic partnerships with companies and projects in the blockchain sector over the years. For instance, collaboration with Travala enables users to book travel and accommodations using FTM. Additionally, integration with Ethereum Classic has expanded the options for interoperability and the use of dApps.