What is Fantom (FTM)?
Fantom (FTM) is a cryptocurrency designed to enhance transaction efficiency and establish a compatible ecosystem for low-cost, real-time transactions. As an open-source platform, Fantom provides essential application support tools that empower developers to create decentralised applications (DApps). The unique selling point of Fantom lies in its use of Directed Acyclic Graph (DAG)-based protocols, setting it apart from conventional blockchain technology.
Key Features of Fantom
Efficiency and Low-Cost Transactions
The primary aim of Fantom is to address the scalability problems faced by traditional block ledger infrastructures. By implementing the OPERA Chain, Fantom can facilitate rapid processing of blocks at an extensive scale, leading to significantly reduced transaction costs and increased speed.
DAG-Based Protocols
Unlike standard blockchain architectures, Fantom employs a DAG-based framework. This allows for a more scalable and efficient way to handle transactions, making it suitable for high-demand environments and diverse industries.
Fantom’s Core Mission
The mission of Fantom is to bolster existing blockchain elements while enhancing areas that require improvement. Through its focus on scalability and real-time transaction capabilities, FTM aims to make a substantial impact across sectors such as telecommunications, finance, logistics, and electric vehicles.
Applications of Fantom
Fantom’s technology can be applied in various industries, providing solutions that may include improved data management systems, real-time payment processing, and decentralised finance (DeFi) applications. By promoting operational efficiency, Fantom has the potential to revolutionise the way traditional industries leverage blockchain technology.
Getting Involved with Fantom
Individuals interested in investing or developing on the Fantom platform can do so through various channels. The availability of documentation and development tools encourages collaboration and innovation within the community.
Official Resources
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