Fantom (FTM) Explained in 6 Easy Steps

Fantom (FTM) is a smart contract platform that has a different form of algorithm than blockchain. The native cryptocurrency of the platform is FTM token.

1.When was it founded and by whom?

Fantom Foundation was founded by the South Korean computer scientist Dr. Ahn Byung in 2018 and its Mainnet was activated in December 2019. Today, it is led by David Richardson, the former CEO of Mid-Ocean Consulting.

2.FTM’s infrastructure

FTM is a platform based on DAG (Directed Acyclic Graph). Unlike blockchain, it has an infrastructure where each transaction is built upon another. It consists of unidirectional data that are never reiterated. It is also the first cryptocurrency that runs by CryptoNode algorithm.

3.What does it offer to users?

With its system having smart contracts at its core, FTM has a consensus mechanism that is designed to simplify DeFi. Its founders mentioned that they aimed for ensuring compatibility among businesses all around the world.

4.Can FTM be mined?

On FTM platform, it is possible to carry out mining activities using 64-bit CPU.

5.All-time low, all-time high (ATH), and total supply

FTM’s all-time low price was $0.001935 on March 13th, 2020 while all-time high price was $3.48 on October 28th, 2021. The circulating supply and the total supply of the cryptocurrency are equal to each other which accounts for 2,545,006,273 FTM.

6.How to trade FTM on Paribu?

By clicking on the link, you can instantly trade FTM.

Bu içerik en son 26 October 2022 tarihinde güncellenmiştir.


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