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Welcome to Our Fantom Crypto Video!

The Fantom Innovation
The second age of digital currency has arrived, with new money and new networks, including Ethereum, Cardano and Fantom. These and other new systems lend digital currency essential advantages it didn’t have with Bitcoin: speed and scalability.

Established 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 matrix of blockchain-powered networks. Each network operates independently, allowing the entire system greater speed and scalability as new users join.

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

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

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

Fantom’s Governance
The Fantom system has governance rules which determine how the networks function. No leader is directing the show, although a technical board makes proposals, either on an ongoing or emergency basis.

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

Fees and Market Metrics
The fees charged for transactions or to create networks are also denominated in FTM. The point of setting fees is not to generate income; it’s a method of making any hacking or spam expensive for malicious actors attempting to manipulate or crash the system.

The Crypto Crystal Ball
As an investment, Fantom carries both risk and opportunity. It is potentially a leading next-generation blockchain system and has a chance to rival Bitcoin and Ethereum in value and utility. But there’s competition in the field, and the science of crypto is constantly evolving.

Fantom aims to be the world’s first Directed Acrylic Graph (DAG) based smart contract platform that solves the issue of scalability and confirmation times of the existing blockchain technology.

The goal is to provide secure and fast transactions via an open-source and permissionless platform. Fantom differentiates itself by incorporating smart contract dApp infrastructure into a DAG-based platform so that it offers instant payment, near zero cost and infinite processing scalability.

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The information contained herein is for informational purposes only. Nothing here shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome.

I hope you found value in our Fantom Crypto video. Make sure to leave a like on the video if you gained value from it!

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⏰ Time Stamp ⏰

0:00 intro
0:32 fantom foundation introduction
8:10 summary