Fantom (FTM)

FANTOM is a direct acyclic graph - Directed Graph (DAG) blockchain, based on the open source Fantom protocol and open source blockchain technology, designed to make instant transactions almost free of charge and scalable to 300,000 transactions per second. The project aims to solve key issues with scalability and transaction confirmation times that are troubling existing blockchains and cryptocurrencies - related projects such as Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The FantOM team strives to provide a service that enables secure and fast transactions on an open source platform. [Sources: 0, 6] 

    

FANTOM's native asset, the FTM token, was launched at ICO 2018, raising nearly $40 million. [Sources: 0] 

    

If you want to know more about how FANTOM works, what functions the FTM token performs, and how to buy and sell it, read on. Fantom F TM is an ambitious project that seeks to create a smart contract platform that will be the nervous system of smart cities. Using a targeted cyclic chart, the project aims to provide infinite scalability and instant transactions at near zero cost. [Sources: 0, 1] 

    

Fantom plans to build and launch a mainnet in December 2019 based on a Fantom DAG-based ABFT consensus engine that combines the Ethereum Virtual Machine (EVM) with intelligent contract support. We are also working on developing a platform for smart contracts for smart cities and smart buildings. [Sources: 1, 2] 

    

With Lachesi's proof-of-stake, Fantom can achieve the same level of security as existing projects like Bitcoin and Ethereum. It is also open source and license-free, which means that anyone can become a member several times and leave the network. [Sources: 2] 

    

Users can secure their FTM and its rewards by generating fUSD that can be used in the DeFi module on the landline or generated with the liquidity provided by the deFi modules. Fantom plans to use current projects such as IOTA, Nano and Byteball, all of which are already DAG-based. The integration of a dAPP infrastructure (Smart Contract) in conjunction with a DAD-based platform sets it apart from potential competitors. [Sources: 2, 6] 

    

Fantom currently operates and uses Ethereum's ERC20 tokens and is moving to its own network. Its protocol (see below) for issuing tokens for sale as E RC20 tokens will be the basis for exchanging FTM tokens on launch. [Sources: 5, 6] 

    

The team's founder allotment has a 2-year lock on advisers and contributor tokens are free for three months. This is divided into two phases: 1 year and 3 years for contributors and 2 years for investors. [Sources: 5] 

    

In the symbolic sale, Fantom raised a total of $1.5 million in tokens and $2.2 million from investors. Overall, FTM took in nearly $39.7 million in the first three months of its ICO, at an average price of about $0.05 per token. [Sources: 5, 7] 

    

As already mentioned, FANTOM is a DAG-based smart contract platform for intelligent contracts, which should unlock the potential of sustainable shared ledger technology. The program aims to differentiate itself from other smart contract platforms such as the DAO-based protocol of Ethereum by trying to apply a new approach to insist on the accounting-based warehouse base of Ethereum, the Ethereum blockchain. [Sources: 7] 

    

The Fantom Foundation has developed a new method for maintaining consensus, using a directed cyclic chart (DAG). The FANTOM platform uses the new label of the Lachesis Protocol to maintain consensus. [Sources: 4, 7] 

    

The proposed consensus mechanism has the potential to process transaction throughput faster than most existing blockchains. This arrangement of data enables substantially higher transaction speeds than could ever be achieved with blockchain technology. It enables applications to process transactions faster, more efficiently and more securely than any other blockchain. [Sources: 4, 5] 

    

It is not a dream that cryptocurrencies will expand their role in our daily lives, but a reality. Fantom from Korea is a company that had the vision to revolutionize the cryptocurrency with DAG tech. [Sources: 5] 

    

However, Team Fantom has created a team of intelligent contract developers to make this a reality. Michael Kong is an intelligent contract developer who has been involved in the blockchain sector for several years. He previously worked at a venture capital-backed blockchain incubator where he managed business projects. [Sources: 5] 

    

He studied finance and information technology at the University of Sydney and has built a number of successful businesses in financial services, insurance and financial technology. Prior to joining Fantom, he was Chief Information Officer of the Australian Securities and Investments Commission (ASIC) and responsible for the development of Australia's first intelligent contract platform. The Chief Information Officer of Fantonom is Michael Kong, who has many years of experience in the blockchain sector as a developer of intelligent contracts. [Sources: 1, 5] 

    

He has also built a number of successful companies in financial services, insurance and financial technology, as well as a successful venture capital firm and an investment bank. [Sources: 1] 

    

The rest of the team consists of a number of other talented people from the Bitcoin community, including the co-founder of Bitcoin Core, Juan Villaverde. The position is to lead the development of several distributed ledger coins that have more advanced technology than Bitcoin. " S.S. This is due to the fact that there are several "distributed ledgers" or coins that have "more advanced technology" than Bitcoins. [Sources: 1, 3] 

    

Sources:

    

[0]: https://www.finder.com/how-to-buy-fantom

    

[1]: https://www.coinbureau.com/review/fantom-ftm/

    

[2]: https://forum.makerdao.com/t/ftm-collateral-onboarding-application/2292

    

[3]: https://decrypt.co/8647/weiss-better-than-bitcoin

    

[4]: https://beaxy.com/market/ftm-btc/

    

[5]: https://blog.goodaudience.com/fantom-foundation-innovating-with-dags-find-out-more-about-the-new-korean-eos-eb374e647c04

    

[6]: https://kryptomoney.com/kucoin-lists-fantom/

    

[7]: https://cryptoticker.io/en/binance-fantom-ftm/