What is Fantom (FTM)? | Fantom Crypto Explained in Under 60 Seconds

What is Fantom (FTM)? The Fantom Network is a fast, secure and scalable decentralized smart contract platform for digital assets and dAPPS. The Fantom Token (FTM) secures the Fantom network via a Proof-of-Stake system, and is also used for payments, on-chain governance & network fees.

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Fantom Finance is DeFi suite where users can mint synthetic assets, lend & borrow digital assets, and trade assets on the decentralized AMM exchange.

Lachesis is Fantom’s aBFT consensus protocol that provides instant transactions and near zero fees allowing everyone access to DeFi.
With Liquid staking, FTM can be staked and used as collateral for DeFi, and remain liquid within the Fantom ecosystem.

Fantom is EVM compatible, allowing developers to build & deploy decentralized applications (dAPPS) on Fantom just like on Ethereum.

WEBSITE: https://fantom.foundation/