How to Buy Fantom (FTM)
As a response to the conspicuous limitations of the Ethereum and Bitcoin networks could have, numerous projects have been emerging to compensate for these issues. Fantom (FTM) is one of these projects. Its goal is to resolve the trilemma problem among scalability, security, and decentralization in a blockchain network.
In essence, Fantom (FTM) is a highly scalable, reliable, secure, and Ethereum Virtual Machine (EVM)-compatible smart contract platform. Although Ethereum was the first to offer smart contracts, Fantom is a fair competitor regarding scalability. It’s among the networks that were developed as a faster, more effective alternative to Ethereum, owing to its mighty proof of stake (PoS) mechanism.
Fantom implements a single consensus mechanism to provide the integration of several decentralized applications (dApps). The network’s native token, FTM, can be utilized for governance, staking,and paying commissions for deploying applications in the blockchain network.