Fantom (FTM) is a cryptocurrency that operates on the Fantom blockchain, which is designed to be a fast, scalable, and secure platform for the development of decentralized applications (dApps) and the creation of smart contracts. The Fantom blockchain uses a unique consensus mechanism called the Lachesis Protocol, which is designed to provide fast transaction speeds, high security, and low energy consumption.
FTM is the native token of the Fantom network and is used for various purposes, including participating in the consensus process, paying transaction fees, and accessing certain features and services on the network. The token is also used as a store of value and can be traded on cryptocurrency exchanges.
Like all cryptocurrencies, the value of FTM can be highly volatile, and the value of any investment in FTM or any other cryptocurrency carries a risk. Before investing in FTM or any other cryptocurrency, it is important to carefully consider your investment goals, risk tolerance, and other relevant factors.
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