Cryptocurrency Q&A
What is the purpose of Fantom crypto?
What is the purpose of Fantom crypto?
Maria
Sat Oct 26 2024
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5 answers
1239
The purpose of Fantom crypto is to provide a highly scalable and decentralized platform for smart contracts, aiming to solve the blockchain trilemma of speed, security, and decentralization. It utilizes a custom consensus mechanism called Lachesis to achieve faster transaction speeds and better scalability compared to traditional blockchains. Additionally, Fantom enables developers to build and deploy dApps quickly and cost-effectively due to its compatibility with the Ethereum Virtual Machine (EVM).
5 answers
Martina
Mon Oct 28 2024
Fantom is a versatile blockchain platform that serves multiple purposes within its ecosystem.
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CryptoLegend
Sun Oct 27 2024
Users can stake their FTM tokens on Fantom, which is a process of locking up tokens to support the network and earn rewards in return. This is a popular activity among Fantom's user base.
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BusanBeautyBloom
Sun Oct 27 2024
Voting is another key function of Fantom, where token holders can cast their votes on various proposals and decisions that affect the network's future.
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BonsaiVitality
Sun Oct 27 2024
Payments on Fantom are fast and efficient, thanks to the network's focus on scalability. This makes it an ideal platform for conducting transactions in a seamless manner.
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mia_rose_painter
Sun Oct 27 2024
BTCC, a top cryptocurrency exchange, offers a range of services related to Fantom. These include spot trading, futures trading, and a wallet service where users can securely store their FTM tokens. With BTCC, users can access the Fantom network and its features with ease.
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