Phantom is a smart contract platform that provides decentralized finance (DeFi) services to developers using its own consensus algorithm. Phantom is characterized as a smart contract platform based on DAG (directed acyclic graph).
What is Phantom (FTM)?
The Phantom Foundation, which oversees Phantom product rollout, was established in December 2019 with the launch of Phantom’s main network, OPERA, in 2018. Phantom aims to solve the problems associated with smart contract platforms, especially transaction speed problems, together with the in-house token FTM.
On the other hand, Phantom is trying to use a new, built-from-scratch consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism Lachesis promises much higher capacity and completion of transactions in two seconds, as well as security improvements over proof-of-stake (POS) algorithm-based platforms.
The project, which matches Ethereum, appeals to developers who want to use decentralized solutions. According to the official literature, its mission is to ensure compliance between all dec bodies in the world.
FTM, the in-house PoS token, forms the backbone of transactions and allows for fee collection and staking activities, as well as user rewards.
Where to Buy FTM Coin?
FTM Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform in terms of transaction volume.
In order to buy FTM Coins, it is first necessary to become a member of Binance and then send fiat money. After sending a fiat currency such as Turkish lira or dollar, a purchase transaction can be made in the FTM trading pair by receiving Binance Coin (BNB), Tether (USDT) or Bitcoin (BTC), where the FTM Coin is traded.
Click here to buy FTM Coin on Binance Exchange
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