What is Fantom?
Fantom is a decentralized, permissionless, open-source layer-1 blockchain for decentralized applications (dApps) and a smart contract-enabled blockchain platform that aims to address the decentralization, security, and scalability tradeoffs many blockchains face. It is an EVM-compatible smart contract blockchain that presents a platform for applications that leverage the blockchain to function. Fantom is a DAG-based (Directed Acyclic Graph) smart contract platform for decentralized applications (DApps).
Fantom goals
Fantom aims to overcome the decentralization, security, and scalability tradeoffs many blockchains face, also known as the 'blockchain trilemma.' It focuses on providing a platform for decentralized applications (dApps) and digital assets, offering an alternative to Ethereum. The FTM token powers the Fantom ecosystem, with use cases that have contributed to its growth in popularity, particularly in the DeFi space.
Fantom fondamentals
Fantom's innovative blockchain technology offers high throughput and low transaction costs, making it a promising platform for various industries and applications. The market cap of Fantom is $1974311040. The number of token Fantom is 3175000000 FTM.
Marketcap
$1.974B
Total number of Fantom
3175000000 FTM
Fantom technology
Fantom's technology is based on a DAG-based (Directed Acyclic Graph) smart contract platform, which enables high throughput and low transaction costs. The Fantom blockchain is powered by the Fantom Virtual Machine (FVM), a state machine that is designed to process over 10,000 transactions in a second with a block time of 1-2 seconds.
Fantom competitors
Fantom differentiates itself from competitors by its innovative blockchain technology, offering high throughput and low transaction costs. It is a rival to Ethereum, claiming greater scalability and low-cost transactions. Fantom's EVM-compatible smart contract blockchain and DAG-based platform set it apart from other competitors in the market.
Fantom price history
Frequently asked questions
Fantom uses a DAG-based (Directed Acyclic Graph) smart contract platform.
The Fantom Virtual Machine (FVM) is a state machine that powers the Fantom blockchain, designed to process over 10,000 transactions in a second with a block time of 1-2 seconds.
Yes, Fantom is EVM-compatible, making it compatible with Ethereum.
The FTM token powers the Fantom ecosystem, with use cases that have contributed to its growth in popularity, particularly in the DeFi space.
Fantom can process over 10,000 transactions in a second with a block time of 1-2 seconds.
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