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Live ftm Price
₹65.07
4.38%
Price Changes
₹2.85
4.38%
24h Low
₹62.22
24h High
₹67.6
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Fantom (FTM) is a decentralised acyclic graph (DAG) smart contract platform. DAG networks are specially-designed structuring tools used to record crypto transactions not in a blockchain format but in a vertices-and-edges format. This makes transactions easier to manage and optimise, increasing the network’s overall efficiency.
Fantom, as a network, lets users build NFTs and decentralised appl and provides smart contract solutions. Typically offering enterprises high-speed transaction services, Fantom specialises in getting blockchain transaction times down to a mere 2 seconds!
Fantom (FTM) uses a new and improved consensus mechanism to reduce transaction times and make smart contracts efficient. This mechanism, Lachesis, provides higher congestion handling capacity to the network while also improving PoS protocols. Fantom’s development team is looking to get into the decentralised solutions space with its motto, to “grant compatibility between all transaction bodies around the world.”
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1. What is the Fantom (FTM) crypto used for?
Fantom cryptocurrency is a DAG-based smart contract network that provides investors with a fast and cheap way to distribute ledger technology at scale.
2. How fast is Fantom (FTM)?
Fantom (FTM) cryptocurrency processes individual transactions under ideal conditions in less than one second.
3. Who developed the FTM token?
Ahn Byung Ik, the CEO of Fantom, is credited with its creation.
4. What is the circulating supply of Fantom (FTM) tokens?
The total supply of FTM is 3.175 billion tokens, of which roughly 2 billion FTM is currently in circulation.
Highlight
FTM cryptocurrency is the native token of the Fantom network, which uses smart contracts to create a cheap and efficient way to scale ledger transactions.
FTM Price Today
FTM Price
₹65.066
Price Change 24h
4.38%
Price Change 7d
7.56%
Market Rank
#42
Market Cap
₹18,276 Cr.
Trade Vol 24h
₹3,081 Cr
Circulating Supply
₹280 Cr. FTM
Trading Activity
18% Buy82% Sell
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CoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.
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.