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What kind of currency is FTM coin? Introduction to the official website, circulation and trading platform of FTM coins
Fantom's native currency, FTM, fuels transactions, staking, governance, and dApp operations on the high-performance, low-fee Fantom blockchain.
Oct 28, 2024 at 06:10 pm
What is FTM Coin? Exploring the Fantom Blockchain's Native Currency
1. Overview of FTM Coin
Fantom (FTM) is the native currency of the Fantom blockchain, a high-performance, scalable, and secure smart contract platform. It is a proof-of-stake (PoS) cryptocurrency that powers transactions, staking, and governance on the Fantom network.
2. Fantom Blockchain and its Features
- High Throughput: Fantom can handle thousands of transactions per second, making it suitable for high-volume applications.
- Low Transaction Fees: FTM transactions are typically under $0.01, providing cost-effective operations.
- Consensus Protocol: Fantom uses a modified version of the PoS consensus algorithm, Lachesis, which improves scalability and security.
- Smart Contracts: Fantom supports Ethereum Virtual Machine (EVM) compatibility, allowing developers to deploy smart contracts on the platform.
3. Use Cases of FTM Coin
- Transaction Fees: FTM is used to pay for transaction fees on the Fantom network.
- Staking: FTM holders can stake their coins to earn rewards and secure the network.
- Governance: FTM token holders participate in governance voting to influence the direction of the project.
- Decentralized Applications (dApps): FTM is the primary gas fee for interacting with dApps built on the Fantom blockchain.
4. Official Website and Circulation
The official website of the Fantom blockchain is [fantom.foundation](https://fantom.foundation/). The current circulating supply of FTM is approximately 3.1 billion coins out of a total supply of 8.8 billion coins.
5. Trading Platforms
FTM coin is traded on several major cryptocurrency exchanges, including:
- OKX
- Binance
- Coinbase
- Huobi Global
- Crypto.com
Conclusion
FTM coin is the native currency of the Fantom blockchain, which offers high scalability, low transaction fees, and the ability to host smart contracts. Its use cases include paying transaction fees, staking, governance, and powering dApps on the Fantom network. With its growing popularity and utility, FTM coin is an important cryptocurrency to watch in the blockchain space.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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