What is the FTN currency?

FTN is the inherent digital asset of Bahamut, a groundbreaking public blockchain built on the Ethereum Virtual Machine (EVM) architecture. This layer 1 solution introduces a fresh perspective to consensus mechanisms.

At the heart of Bahamut lies PoSA, a unique consensus algorithm that fuses two fundamental principles: Proof of Stake and Activity. This innovative approach challenges traditional consensus models by incorporating user activity into the equation.

As a result, Bahamut emerges as a blockchain platform that prioritizes not only security and decentralization but also user engagement and innovation. The FTN coin, as the native currency, plays a pivotal role in driving this forward-thinking ecosystem.

In the context of PoSA, 'Stake' refers to the amount of FTN tokens locked up by validators to secure the network and participate in consensus. This mechanism incentivizes honest behavior and discourages malicious activities.

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