Fantom is a smart contract-enabled blockchain platform aiming to deal with the decentralization, protection, and scalability tradeoffs many blockchains face. If How to Buy Fantom in Canada is a question you are looking for an answer to, here is an article to help you out.

1. WHY IS FANTOM REALLY
VALUABLE? HOW TO BUY
FANTOM IN CANADA?

2. Fantom is a smart contract-enabled blockchain
platform aiming to deal with the decentralization,
protection, and scalability tradeoffs many
blockchains face. If How to Buy Fantom in
Canada is a question you are looking for an answer
to, here is an article to help you out.

3. These 3 factors are typically known as the
“blockchain trilemma,” which means a focal point
has regularly required a tradeoff at the difference.
Fantom aims to conquer those tradeoffs and make
upgrades throughout all 3 with its progressive
proof-of-stake (PoS) consensus mechanism
referred to as Lachesis.
The local token of the Fantom community is FTM. It
is used for staking, vote casting on important
selections, making bills, and overlaying transaction
charges.

5. WHY IS FANTOM VALUABLE?
Fantom solves the scalability issues plaguing many
conventional blockchains via its high-velocity
consensus mechanism, Lachesis. Lachesis is
leaderless, gives finality, and presents
Asynchronous Byzantine Fault Tolerance which lets
the chain scale without compromising on
protection.

6. Lachesis additionally improves transaction
settlement; sending FTM to the community takes
one 2d to clean and fees fractions of a penny to
process.
Developers also can construct dapps and run smart
contracts on Fantom.

7. Currently, dozens of initiatives have deployed
dapps in the community from software vendors to
protocols helping Fantom`s work withinside the
decentralized finance (DeFi) space. These consist
of 1 inch for cross-chain swaps, SushiSwap —
certainly considered one of the most important
decentralized exchanges, like Netcoins has a
journey reserving carrier accepting cryptocurrency.
Read more on: How to buy Shiba Inu in Canada

8. FINALLY, FTM TOKENS HAVE A WHOLE LOT OF
MAKES USE IN THE COMMUNITY, INCLUDING:
1. Staking: Fantom operates on a proof-of-stake
model, which means the community is based on
customers locking up their FTM tokens to grow to
be validators. Owners can stake their tokens in this
manner to earn rewards paid in FTM.

9. 2. Governance: The decentralized nature of Fantom
manners that proudly owning and staking FTM tokens
lets holders vote on important sections about the
platform`s future.
3. Payments: Users can ship FTM over the Fantom
community fast and with extra value successfully as
compared to different blockchain networks.
4. Fees: FTM tokens may be used to cowl community
charges for transacting tokens and deploying smart
contracts at the Fantom blockchain.

10. WHO CREATED FANTOM?
Dr. Ahn Byung Ik, a laptop scientist from South
Korea, and Advisor Matthew Hur conceived the
concept in the back of Fantom as a way to clear up
the scalability problems of 2d-era blockchain
networks like Ethereum.
Fantom turned formally based in 2018, with the
Fantom Foundation raising $40 million in investment
rounds. The test frame was released in December
2018.

11. The assignment has considered the fact that
obtained extra investment from main blockchain
funding firms, including:
● $35 million from Alameda Research
● $15 million from HyperChain Capital
● £20 million from BlockTower Capital
The Fantom was released in December 2019 with
completion of 3.175 billion FTM first of all issued.

12. HOW DOES FANTOM WORK?
The Fantom community turned into constructed
round 4 middle principles:
● Modularity: Fantom`s modular structure makes it
notably customizable. For instance, customers can
easily port Ethereum-primarily based totally
decentralized applications (dApps) to the Fantom
manner, which is powered by Opera – the open-
supply blockchain evolved via means of Fantom to
electricity its community.

13. ● Scalability: Applications constructed on Fantom
are unbiased of every different, which means the
overall performance and balance of 1 software isn't
always laid low with site visitors in the wider
community.
● Open supply: Anyone can run a node and
personalize the underlying code of the Fantom
protocol, which has been shared on GitHub.

14. ● Security: Fantom is secured via means of the
Lachesis consensus mechanism, which the Fantom
crew says is faster, extra stable, and extra scalable
than the Classical and Nakamoto consensus
systems.
SOURCE CREDIT:
https://buyethereumcanada.blogspot.com/2023/
01/why-is-fantom-really-valuable-how-to.html

15. THANK YOU FOR WATCHING