Cryptocurrency Q&A
What chain is Fantom on?
What chain is Fantom on?
KDramaLegendaryStarlight
Thu Aug 01 2024
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5 answers
1016
Could you please clarify for me which blockchain network the Fantom project is built upon? Is it a standalone blockchain or is it built on top of an existing popular blockchain like Ethereum, Polkadot, or Solana? I'm curious to understand the underlying infrastructure that supports the Fantom ecosystem and its smart contract capabilities. Additionally, is there any unique technical aspect about the Fantom chain that sets it apart from other blockchain networks?
5 answers
CherryBlossom
Fri Aug 02 2024
The third format is BEP-2, designed for the Binance Chain. This format enables FTM to participate in the Binance ecosystem, allowing for fast and efficient transactions with reduced fees.
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SumoHonorable
Fri Aug 02 2024
BTCC, a UK-based cryptocurrency exchange, offers a wide range of services to cater to the diverse needs of cryptocurrency enthusiasts. Among these services are spot and futures trading, providing users with the opportunity to speculate on the future price movements of various digital assets.
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Andrea
Fri Aug 02 2024
Fantom, a popular blockchain platform, has a unique approach to its token, FTM. According to the Fantom FAQ, FTM exists in three distinct formats, each tailored to a specific blockchain environment.
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Maria
Fri Aug 02 2024
The first format is the native FTM, which operates directly on the Fantom Opera blockchain. This format allows for seamless integration and utilization of FTM within the Fantom ecosystem.
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Gianluca
Fri Aug 02 2024
The second format is ERC-20, which is compatible with the Ethereum blockchain. This allows FTM to be easily traded and stored on Ethereum-based wallets and exchanges, enhancing its accessibility and liquidity.
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