FANTOM is a new DAG based Smart Contract platform that intends to solve the scalability issues of existing public distributed ledger technologies.
The platform intends to distinguish itself from the traditional block ledger-based storage infrastructure by attempting to employ an improved version of existing DAG-based pro-tocols. The FANTOM platform adopts a new protocol known as the “Lachesis Protocol” to maintain consensus. This protocol is intended to be integrated into the Fantom OPERA Chain. The aim is to allow applications built on top of the FANTOM OPERA Chain to enjoy instant transactions and near zero transaction costs for all users. This has led to an increase in FTM price.
Fantom uses a bespoke variety of proof-of-stake algorithm to provide services and secure its network. Known as Lachesis, it is an example of a so-called asynchronous byzantine fault tolerant (aBFT) consensus mechanism. By removing leadership among network participants, Fantom avoids low-cost attack risk, while staking adds further user incentives to secure operations using FTM token holdings.
Transactions on Fantom are finalized in a second and cost a fraction of a cent.
Fantom can process thousands of transactions per seconds and scale to thousands of nodes.
Fantom is EVM compatible. You can deploy and run your Ethereum dApps on Fantom.
Use your staked FTM as collateral for DeFi. Your delegations are liquid within the Fantom ecosystem.
You can mint dozens of synthetic assets, including cryptocurrencies, national currencies, and commodities.
Lend and borrow digital assets to trade and to earn interests without losing exposure to your FTM.
Trade Fantom-based digital assets without leaving your wallet. Fully non-custodial and decentralized AMM exchange.
Let us review FTM price.
FTM Price Prediction
FTM is currently trading above the support of $1.22. If it stays above this support, we could start seeing a move towards $1.37, $1.49, $1.61, $1.78 and $2.00. If the resistance at $2.00 flips to support, we could start seeing a move towards $2.63, $3.65 and $4.67. Failure to hold the support at $1.22 could lead to a drop towards $0.98.
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