Buy Fantom(FTM) Token

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Fantom ()

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Reasons to Buy Fantom(FTM) Token

  • Fantom is one of the most established smart contract blockchains after Ethereum.
  • Fantom is already expanding its reach to smart cities in South Korea, spearheading the decentralized network’s adoption at full speed.
  • It has proved to be one of the most profitable investments in 2021, returning more than 1,300% in a matter of a few months.

Fantom (FTM) cryptocurrency is an innovative coin that specialises in deploying and implementing scalable smart contracts. It uses a decentralised acyclic graph (DAG) to provide scalability to the network without compromising on transaction costs. The development team at Fantom is putting its efforts into creating a high-performance smart contract that is both safe and profitable for enterprises.

Fantom is the backbone behind the IT infrastructure at many emerging smart cities like Dubai. It is a platform that believes in creating scalable and sustainable technological shifts with the help of DAG and dApps.

Things to consider before buying Fantom(FTM) Token

  • Fantom uses its own indigenous consensus algorithm called the Lachesis protocol.
  • A protocol called StakeDag leverages the stake of participants in the network to achieve a Byzantine Fault Tolerance (BFT), a state which is leaderless and hence, completely decentralized. The BFT exposes the network to fewer vulnerabilities than PoS, PoW, or a delegated PoS.
  • Fantom is a currency that cannot be mined. It uses a combination of Lachesis and PoS to verify transactions.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.