Fantom Price, Chart, & Supply Details – FTM Price | Gemini

The Fantom network is a smart-contract platform that allows developers to write, compile, and deploy smart contracts the same way they can on Ethereum. It runs on a directed acyclic-graph-based distributed ledger and is integrated with the Ethereum Virtual Machine (EVM) and the Web3JS stack. It uses an asynchronous Byzantine Fault-Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism called “Lachesis.”

Token

FTM powers the Fantom network, and is used for staking, on-chain governance, and as payment for network fees. We support the Ethereum (ERC-20) version of FTM, which is a multi-chain asset. FTM purchased on Gemini can be withdrawn to Ethereum compatible wallets and swapped to the native version of FTM using a bridge. When interacting with the Fantom network, users pay gas fees (or transaction fees) in FTM tokens.

Fantom Website

Fantom Whitepaper

Learn more about Fantom on Cryptopedia:

Fantom: A Fast and Flexible Next-Generation Blockchain