FTM is still a cheap cryptocurrency, meaning you can start investing with little capital. Already, we’ve mentioned that Fantom uses a bespoke proof-of-stake algorithm to provide its services. This unique algorithm, simply called Lachesis, also play a crucial role in securing the platform. It is an example of an asynchronous byzantine fault tolerant consensus mechanism.
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Fantom offers advanced smart contracts, which makes it a relevant platform in the DeFi subsector. Fantom is a decentralized cryptocurrency platform with lots of wonderful qualities – it is seen as a worthy alternative to Ethereum and has even been described as an Ethereum-killer. The problem with many exchanges is that they are not safe to store your digital wallet. Fantom is one of the fastest networks in the cryptocurrency universe, finalizing transactions in a matter of seconds at a minimal cost.
The FTM token is vital to the security and governance of the Fantom ecosystem. Fantom is the native token for Fantom, a network of blockchains that offers smart contract capabilities for DeFi applications.
Privacy-focused cryptocurrencies, like Monero or Zcash , are the main exceptions to this. Founded in how to buy ftm 2017, BC Bitcoin is a highly rated cryptocurrency broker (4.9-stars, 500+ reviews on Trustpilot).