Ever heard of Phantom tokens (FTM)?
Here's a brief overview of this token.
TRIVIA FANTOM (FTM)
Its establishment
Launched in December 2019.
It is an open source smart contract platform without permission (permissionless) for the establishment of decentralized digital applications and assets.
This network design focuses on solutions to most blockchain trilemas by providing stable scalability, security, and decentralization.
The technology
Direct Acyclic Graph (DAG)
Phantom uses DAG’s smart contract platform to ensure network scalability is guaranteed.
This also helps in ensuring that transaction speeds can increase up to over 300,000 per second.
Lachesis
This network is powered by a consensus mechanism - Lachesis.
Lachesis is formed through a combination of Asynchronous Byzantine Fault Tolerant (aBFT) with Proof-of-Stake (PoS).
Ensure the speed and protection of the Phantom network.
The ecosystem
Mainnet - Opera
Is a space that can house decentralized applications.
Characterized by open source (open-source) and completely without permission (permissionless).
Powered by aBFT.
Compatible with Ethereum Virtual Machine (EVM). Meaning any app developed on Phantom can be interchangeable with the platform built on Ethereum.
Offers support for smart contracts through Solidity.
The coin - FTM
Mastering the entire blockchain ecosystem
It is the ERC-20 standard for the Ethereum ecosystem and BEP-2 for the Binance ecosystem.
Used to:
Staking
Governance (ecosystem direction)
Payment
As a cost in the network
The total amount of these assets is limited to 3.175 billion FTM and those in the current cycle are 2.55 billion FTM.
Are you one of the Phantom (FTM) investors? Those interested in getting these tokens can get them on crypto exchanges: Binance, KuCoin, Gate.io, and FTX.
