What is the meaning of the term 'fantom' in the context of cryptocurrency?

3 answers

• Dec 17, 2021 · 3 years ago
  Fantom is a blockchain platform that aims to provide fast and secure transactions for decentralized applications (dApps). It utilizes a Directed Acyclic Graph (DAG) consensus mechanism to achieve scalability and low transaction fees. Fantom also supports smart contracts, allowing developers to build and deploy their own applications on the platform. With its focus on speed and scalability, Fantom aims to address the limitations of traditional blockchain networks and provide a more efficient solution for decentralized applications.
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• Dec 17, 2021 · 3 years ago
  When people talk about 'fantom' in the context of cryptocurrency, they are usually referring to the Fantom (FTM) token. The FTM token is the native cryptocurrency of the Fantom platform and is used for various purposes within the ecosystem. It can be used for transaction fees, staking, and participating in the platform's governance. The value of the FTM token can fluctuate based on market demand and supply. It's important to note that Fantom (FTM) is not the same as 'phantom' or 'phantom coins,' which are unrelated terms in the cryptocurrency world.
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• Dec 17, 2021 · 3 years ago
  BYDFi is a decentralized finance (DeFi) platform that supports various cryptocurrencies, including Fantom (FTM). Users can trade, stake, and provide liquidity for FTM tokens on the BYDFi platform. BYDFi aims to provide a user-friendly and secure environment for cryptocurrency enthusiasts to engage in DeFi activities. With its integration of Fantom, BYDFi offers users the opportunity to participate in the growing ecosystem of the Fantom blockchain. It's worth exploring BYDFi if you are interested in leveraging the potential of Fantom and DeFi.
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