Fantom (FTM)

Fantom (FTM) is a next-generation blockchain platform that aims to deliver fast, secure and highly scalable decentralized finance (DeFi) solutions.
Designed to overcome the limitations of traditional blockchains, Fantom stands out for its exceptional transaction speed and low costs.
Thanks to its unique consensus based on DAG (Directed Acyclic Graph) technology, Fantom offers an ideal infrastructure for the development of dApps (decentralized applications) and DeFi services, attracting a growing community of developers and investors.

The Fantom project was born in South Korea in 2018, with the creation of the foundation of the same name.
The infrastructure was designed by a team comprising Andre Cronje, Sang-Min Choi, Jiho Park and Quan Nguyen.
What unites this team is a conviction:

• that of being able to develop a technology capable of overcoming the limitations of blockchain, in particular its lack of scalability.

Validation times are too long on conventional blockchains, so transactions are processed far too slowly.
The solution lies in the creation of a novel model, the DAG, on which the entire project and the crypto launched by Fantom, the FTM, are based.
With Fantom, the team aims to design a solid infrastructure capable of processing transactions in real time, while reducing costs. FTM is Fantom’s native token, launched at the same time as the network:

• it serves both as an exchange cryptocurrency for transactions, and as an incentive for validators (who are rewarded with Fantom FTMs when they validate transactions).
• The network has already issued the entire supply of FTM tokens, i.e. 3.175 billion tokens.
  They have been distributed progressively since the launch.

The Fantom Foundation, headed by Michael Kong, now has over 60 employees.
Of the original team, only Quan Nguyen remains. In March 2024, the Fantom cryptocurrency experienced an exceptional rise of over 160% in a single month, illustrating a rapid recovery from a period of volatility.
This performance is attributed to a combination of technical factors and increased adoption by DeFi projects and dApps.
Fantom’s advance even reached the Fibonacci retracement level of 38.2%, a point calculated from its historical peak, suggesting renewed interest and increased investor confidence in this technology.
Check the FTM price.

While most cryptocurrency networks are based on a blockchain, Fantom and his crypto are backed by a different organizational model:

• DAG.
  In a blockchain, each block of data is linked to the previous one, and all are interconnected, generating an unbreakable chain recording all operations carried out on the network.

In contrast, the DAG (Directed Acyclic Graph) on which the Fantom network and its FTM crypto are based has a tree-like structure.
A DAG is a “tree” made up of nodes or vertices, linked together by one or more edges.
This structure enables a very large number of transactions to be processed simultaneously, solving the scalability problem inherent in most blockchains.
Fantom can support up to 4,500 transactions every second, while the completion of a transaction takes one to two seconds – compared with an hour for Bitcoin (buy Bitcoin easily with Coinhouse).
Because of this, consensus protocols are quite different from other networks.
Fantom has created its own protocol called Lachesis, aBFT (Asynchronous Byzantine Fault Tolerance), based on a Proof of Stake based on the architecture of a DAG.
As with other cryptocurrencies, Fantom tokens (FTM) can be used for trading, or delegated to validators to generate passive income (staking principle applied to Fantom).

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• Staking and security: Users can stake their FTM tokens to contribute to network security.
  In return, they receive FTM rewards.
• Payment of transaction fees: FTMs are used to pay transaction fees on the Fantom blockchain, guaranteeing fast, low-cost transactions.
• Governance: FTM holders can participate in network governance by voting on proposals that influence the future of the Fantom protocol.
• Exchanges and transfers: FTM tokens can be exchanged on trading platforms and used to transfer value within the Fantom network.

• Total Offer: FTM’s total offer is set at 3.175 billion tokens.
• Initial distribution:
  • Private sales: a significant proportion of FTM was allocated to private sales, enabling initial investors to acquire tokens at a reduced price.
  • Team and advisors: a fraction of the tokens has been set aside for the founding team and advisors, to encourage their long-term commitment to the project.
  • Strategic reserve and development: part of the tokens is dedicated to future developments, partnerships and promotion of the ecosystem.
• Staking and rewards: FTM tokens are used for staking, an essential security mechanism for the network.
  Participants who lock their FTMs for staking receive rewards in the form of FTMs, encouraging active participation in securing the network.
• Reward distribution: staking rewards are distributed over several years, with a controlled rate of inflation, to maintain the incentive for validators while managing the supply in circulation.
• Use of funds: funds raised from token sales and initial distribution are used for technological development, marketing operations and expansion of the Fantom ecosystem.

• Improving scalability: Fantom plans to continue improving the scalability of its network to support a growing number of dApps and users without compromising speed or security.
  This includes Lachesis consensus optimizations and network upgrades.
• Strategic partnerships: Fantom is working to forge new partnerships in various sectors, including decentralized finance (DeFi), blockchain gaming, and government infrastructure, to increase the adoption of its network.
• Expanding the DeFi ecosystem: Fantom continues to encourage the development of new DeFi applications on its platform, with initiatives to attract more developers and projects, including grants and technical support.
• Interoperability: Fantom is working on improving interoperability with other blockchains to facilitate value exchanges and cross-chain operations, enabling users to move assets between Fantom and other networks with ease.
• Fantom Opera deployment: Extending and enhancing the Fantom Opera ecosystem, which is Fantom’s smart contracts platform, remains a priority.
  This includes adding new features and enhancing developer tools.
• Sustainability initiatives: Fantom is exploring initiatives to make blockchain more sustainable and environmentally friendly, notably by optimizing the network’s energy consumption.

Are you considering investing in cryptocurrencies?
Have you read good reviews of Fantom’s crypto, the FTM? Whatever your goal – to store your FTMs in your wallet while you wait for the token price to rise sufficiently to resell for a profit, to trade your cryptocurrencies, or to practice staking with Fantom – you need to buy crypto FTM first.
Fantom’s FTM is available on a large number of cryptocurrency exchange platforms.
Coinhouse is one of them.
So, how do you buy FTM crypto with Coinhouse? It’s very simple: first of all, you need to create an account on Coinhouse.
Your account will be validated after a simple verification of your identity.
These steps only take a few moments.
Once your registration has been validated, you can deposit funds on the platform to buy Fantom FTM crypto.
Payments are made by credit card or bank transfer (starting at €20).
When the purchase operation is complete, you’ll find yourself in possession of a number of FTM tokens corresponding to the amount invested.
The ideal time to buy Fantom FTMs is when the token price is rising steadily, with good prospects for the future.
Keep a close eye on the price of FTM crypto.

Fantom (FTM) is a next-generation blockchain featuring high scalability, transaction speed and low costs, making it an attractive platform for developers of decentralized applications (dApps).
Thanks to its Lachesis consensus and Ethereum compatibility, Fantom offers a robust solution for decentralized finance (DeFi) projects and other innovative use cases.
However, like any emerging technology, Fantom remains exposed to the risks of competition and volatility in a constantly evolving market.
Fantom is a promising crypto with great potential, but requires careful risk assessment.