Fantom Price: FTM Live Price Chart, Market Cap & News Today

fantom crypto price

They all share the Lachesis consensus and can communicate, but they are otherwise autonomous and have diverse governance norms. As a result, Fantom is comparable to Polkadot, Cosmos, and other multichain networks. Fantom claims to handle an endless number of such DApp blockchains without sacrificing speed or efficiency. Fantom’s current share of the entire cryptocurrency market is 0.10%, with a market capitalization of $ 2.52 Billions.

fantom crypto price

Fantom Price Analysis

fantom crypto price

Storage of FTM depends on which sort of token you hold, as FTM can be on Opera, on Ethereum as ERC-20 tokens, or on Binance Chain as BEP2 tokens. After the founder, Dr. Ahn Byung Ik, resigned from the project, the Fantom Foundation how to buy ftm is led by CEO/CIO Michael Kong. Dr. Quan Nugyen currently serves as CTO, Prof. Bernhard Scholz is the Chief Research Officer, Simone Pomposi is the CMO, and David Richardson is the Director of the Fantom Foundation.

How Many Fantom (FTM) Coins Are There In Circulation?

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After assisting the Fantom DeFi ecosystem, Andre recently announced that he would be taking a step back and no longer contribute to the Crypto/DeFi space for the time being. A high market capitalization implies that the asset is highly valued by the market. The Across protocol emerges as a dominant bridge within the Ethereum and L2 ecosystem, settling notable volumes with low latency, low fees, and no slippage.

  • Covering the future of finance, including macro, bitcoin, ethereum, crypto, and web 3.
  • FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees, staking, and governance.
  • Fantom price has been such a joy to watch for investors in recent days, as a much-needed breath of fresh air continues to spread throughout the crypto market.
  • As such, many will argue that while Fantom puts the pieces in place to solve the blockchain trilemma, it fails to do so in this regard.
  • This range has proved to be solid resistance and support in the past, with FTM failing to breach it thrice in the past month.
  • This means that users can be sure that the developers can’t change the code once it’s live and their funds are locked in.

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Staking is a system that incentivizes validators that act according to the protocol and punishes bad actors by confiscating the tokens that they lock up in the protocol. Asynchronous BFT, meanwhile, means that network nodes can confirm event blocks containing transactions without needing to depend on any timing assumptions. All transactions taking place concurrently are stored in the same block, which miners have to compete for.

  • Fantom has incorporated Lachesis as a consensus layer that may extend to new layers inside the system.
  • Lachesis is a protocol for distributed networks achieving asynchronous Byzantine Fault Tolerance.
  • Fantom carried out its ICO on the 15th and 16th of June, 2018, with 1.27 billion FTM tokens being sold at a price of $0.04.
  • Fantom is a high-performance, scalable, secure, and directed acyclic graph (DAG) smart contract platform.
  • It is available to buy on several of the biggest cryptocurrency centralized and decentralized exchanges as listed here.
  • This is largely because FTM holders are exhibiting the potential to sell their holdings for profit.
  • The fastest way to buy any cryptocurrency tends to be from a centralized exchange (CEX), but that’s only because the funds aren’t actually being sent to you.

To actually take custody of your FTM, you’ll need to withdraw it from the CEX into your own wallet. It is most commonly paired with stablecoins like USDT and BUSD, but pairings with fiat currencies like U.S. dollars and major cryptocurrencies like BTC also have significant liquidity. As the ecosystem continues to be developed, more use cases will likely be created for FTM.

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fantom crypto price

  • The current circulating supply of Fantom is 2.80 Billions tokens, and the maximum supply of Fantom is 3.18 Billions.
  • Additionally, Lachesis is designed to plug into applications written in any programming language easily.
  • However, the main utility of FTM is found on the Opera network, and tokens on other blockchains can be swapped to mainnet FTM before being sent to Fantom wallets.
  • The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.
  • Always conduct your own research and consult with a professional before making any financial decisions.

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