What is Fantom (FTM)?

The Fast Blockchain Taking on Ethereum Fantom (FTM) is the latest smart contract blockchain protocol aiming to take on Ethereum, with a combination of speed and low costs. Fantom is a layer-1 blockchain aiming to provide an alternative to the high costs and low speeds about which users of Ethereum often complain.

What is a Fantom token?

The Fantom token is the platform's native cryptocurrency. Here's what it's used for: Staking: Fantom uses a proof-of-stake model. Transactions are verified by nodes made up of people's Fantom tokens. By staking crypto this way, you help secure the network and earn rewards.

What is Fantom blockchain?

Fantom is a layer-1 blockchain aiming to provide an alternative to the high costs and low speeds about which users of Ethereum often complain. Fantom runs on a directed acyclic graph blockchain, similar to Hedera Hashgraph.

Is Fantom a good buy?

It has cooled off since then, but for those who believe in Fantom, this dip could be a good buying opportunity. The excitement around Fantom comes largely from its potential to be a better version of Ethereum (ETH), the second-largest cryptocurrency.