Fantom is a blockchain technology that aims to resolve the common problems of DeFi suites. It promises to be decentralized, open-source, permissionless, secure, and scalable that also supports smart contracts, as well as speedy transactions at an extremely low cost.
MoreFantom works as an all-in-one DeFi platform, so users can perform many types of transactions directly from their wallets, like minting, trading, borrowing, and lending without spending too much money on fees. It also operates with proof-of-stake, a different integrity method from proof-of-work used by Bitcoin and Ethereum, so users cannot print more coins than they earn or own.
MoreThe token for Fantom is FTM, and it is already available in cryptocurrency exchange networks, one of which is Coinmerce. This website guarantees a safe, hassle-free, and fast way of buying and trading FTM using conventional payment methods like credit cards.
MoreYou want to buy Fantom? You can buy Fantom using Creditcard or SEPA at Coinmerce. Once you are logged in, you will see "Coins" in the top menu where you click on. Now you come to a page with all crypto coins that Coinmerce offers. If you don't see Fantom, use the search function to search for Fantom and click on the name. You can indicate for how many euros you want to buy Fantom in the right window. Below is shown how much Fantom you get for this. Have you entered the correct amount? Then click on "Buy". You can also execute a "Stop limit order" at Coinmerce. Our system will automatically buy Fantom when the price of Fantom reaches your entered value. You can also execute a repeating order. Do you want to buy Fantom with another crypto currency? Then you go to the cryptocurrency you want to pay with and click on "Swap" in the right window to indicate that you want to receive Fantom.
Fantom is a blockchain project with an ambitious goal: correct the common problems in the cryptocurrency sphere without sacrificing one over the other. It provides an open-source, scalable, cost-effective platform that commits to decentralization. However, it can also perform many transactions at high speeds because of its consensus mechanism called Lachesis based on the aBFT protocol. The platform also avoids traffic congestion, which is a common issue in centralization, through its modular architecture. Every application can then run independently of the other. This also makes the technology more customizable for individual users and organizations. As of May 3, 2021, Fantom has already surpassed 3 million transactions after a network upgrade that further increases the efficiency and speed of the blockchain. Users can now complete each transaction in a second. It can also process at least 200,000 transactions daily and increase its gas usage by 10 times since April.