What is Fantom

Fantom: Cryptocurrency is digital money generated and tracked through a new technology known as a blockchain. Think of blockchain as a digital set of accounts spread far and wide across the internet designed to be secured against fraud and hacking.

The first cryptocurrency, Bitcoin, was created after the global economic collapse of 2008. At that time, the focus of Bitcoin’s early inventors and investors was on the decentralization of money. The main idea was to create a system of money and transactions that was beyond the control of governments and their central banks.

Bitcoin transactions took place on a blockchain ledger that was accessible to everyone. Without a single source of data, the blockchain ledger was believed to provide security and reliability.

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The Problem of Scale

However, an important scalability problem remained: for Bitcoin to succeed as a useful new form of money, it had to be easy to use for millions of different users and in a wide variety of transactions.

However, the system built to support its use was not designed with this essential scalability in mind. For many users, it remained slow, cumbersome and expensive.

The Fantom Innovation

The second era of digital currencies has arrived, with new money and new networks including Ethereum, Cardano and Fantom. These and other new systems provide digital currency with essential advantages that it did not have with Bitcoin: speed and scalability.

Founded in 2018 by Dr. Ahn Byung Ik and colleagues working together in Australia, the Fantom organization has since moved its headquarters to South Korea. The system runs on an extensive array of blockchain-powered networks. Each network operates independently, making the entire system faster and more scalable as new users join.

The Fantom Power Supply

At its inception, the Fantom organization has issued 3,175 billion tokens. This stock is fixed, so there can never be Fantom again. However, not all authorized tokens are still in circulation. At the launch of the system, 40% of the supply was reserved for investors. An additional 25% was awarded for advisors and the founding team.

Just over 31% of Fantom tokens are awarded for staking, or holding a supply of tokens in the blockchain system to validate the transactions. This process will continue until 2024, when all available Fantom tokens will be distributed or rewarded.

At the end of January 2022, the Fantom system was processing $12 billion in assets, making it the third largest blockchain system in the world after Bitcoin and Ethereum.

The Fantom Blockchains

Each Fantom application has its own blockchain network. This DeFi, or decentralized financing platform, allows faster execution of “smart contracts,” which are simply transactions that are automatically executed through a series of conditions and commands on the network.

The system is based on open source programming code, so developers can easily build exchanges, lending apps, marketplaces for non-fungible tokens or other digital assets. Since Fantom uses Solana – the same programming language as Ethereum – an app developer can easily port apps developed on the Ethereum blockchain.

And because they speak the same language, the Fantom blockchains can interact and interact with each other.

Is Fantom Legitimate?

With many cryptocurrencies available, the question is often: why does the world need another cryptocurrency?

The Fantom system generates its own digital currency, abbreviated to FTM. The goal is to give users of these faster blockchain networks a native medium of exchange. Furthermore, each blockchain on the Fantom system can have its own tokens and rules about how these tokens are generated and traded.

Phantom’s Board

The Fantom system has governance rules that determine how the networks function. No leader runs the show, although a technical council makes proposals, either on an ongoing basis or in an emergency.

The Fantom system uses what is known as ‘on-chain governance’. Those who have FTM have a stake in the system. They can also propose rule changes and cast votes based on how many coins they have.

Fees and Market Statistics

The fees charged for transactions or network creation are also expressed in FTM. The point of setting fees is not to generate revenue; it is a method of making hacking or spam expensive for malicious actors who try to manipulate or crash the system.

Fantom has risen on the charts in price and market cap.

On February 21, 2022, the coin was ranked number 32 on the authoritative list presented on coinmarketcap.com and had a total market value of approximately $4.4 billion. The trading volume reached $751 million on that day and the value of the coin was $1.73.

Good to know

Like other cryptocurrencies, Fantom can be exchanged for Bitcoin, Ethereum and “fiat currencies” such as dollars, yen and euros. It has a floating exchange rate and dollar-denominated value that shifts with supply and demand.

Crypto Crystal Ball

As an investment, Fantom entails both risks and opportunities. It is potentially a leading next-generation blockchain system and has a chance to rival Bitcoin and Ethereum in value and usability. But there is competition in the field and the science of crypto is constantly evolving.

The key metrics surrounding cryptocurrency — including market value, trading volume, and price fluctuations — are not predictable in the same way earnings and earnings can be predicted for companies holding publicly traded stocks.

Thousands of different cryptocurrencies now exist, all clamoring to be useful, tradable and valuable. A few may emerge as leaders, but there is no reliable method of knowing which will prevail.

How much will Fantom be worth?

That doesn’t stop websites specializing in crypto predictions from making their guesses. By Price Prediction, Fantom reached $12.09 in 2025 and peaked at $66.15 by 2030. Wallet Investor pegged Fantom at a high of $17.14 over the next five years, and Digitalcoin sees Fantom climb to $6.62 in 2027.

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