What is FTM coin? Learn what FTM coin is in one minute

The FTM coin, native to the Fantom blockchain, enables fast and efficient transactions, supporting decentralized applications with its high throughput, low latency, and scalability.

Nov 05, 2024 at 02:42 pm

What is the FTM Coin?

The FTM coin is the native cryptocurrency of the Fantom blockchain, a high-throughput, low-latency, and scalable blockchain platform. It is designed to facilitate fast and efficient transactions, and to support a variety of decentralized applications (dApps).

Here are some of the key features of the FTM coin:

High throughput: The Fantom blockchain can process up to tens of thousands of transactions per second, making it one of the most scalable blockchains in the world.
Low latency: The Fantom blockchain has a very low latency, meaning that transactions can be processed and confirmed in a matter of seconds.
Scalability: The Fantom blockchain is highly scalable, meaning that it can handle a large number of transactions without becoming congested.
Security: The Fantom blockchain is secured by a Proof-of-Stake (PoS) consensus mechanism, which makes it resistant to 51% attacks.
Decentralization: The Fantom blockchain is decentralized, meaning that it is not controlled by any single entity.

How to Use the FTM Coin

The FTM coin can be used to pay for gas fees on the Fantom blockchain. Gas fees are required to execute transactions on the blockchain, and they are paid to the validators who process and confirm the transactions.

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