In today’s digital marketplace, it can be hard to know who you can trust. The ease of access to information has become overwhelming. Your friends, family, and even your mind can be conspiring against you. This is where Fantom (FTM) comes in.
Fantom is a decentralized cryptocurrency that focuses on anonymity and security. It is built upon the blockchain, which makes it possible to make secure transactions with very little fees. As a result, Fantom has become one of the most popular privacy-centric coins on the market.
This Beginners Guide will highlight the basics of Fantom Cryptocurrency, including its history, types, value, and how to buy, trade and mine it.
What Is Fantom (FTM)?
Fantom is a cryptocurrency designed with privacy and security in mind. It is based on the blockchain, which makes it possible to make secure transactions with very little fees. It was created by a group of data scientists who wanted to build a coin that consumers could trust.
It was created to be the “privacy coin of the future.” Fantom is an open-source cryptocurrency that focuses on anonymity and security.
How To Buy Fantom
You can buy fantom crypto on several cryptocurrency exchanges. It is also available on the Fantom coin website.
How to Trade Fantom
There are many exchanges where Fantom can be traded. Since it is a coin that focuses on privacy and anonymity, it is best to trade it on an exchange that does not know your identity. Popular peer-to-peer exchanges are also good options to trade FTM.
How To Mine Fantom
Fantom can be mined in two ways. The first is by using a mining pool. Mining pools are groups of people who combine their computing power to mine multiple coins. Most popular mining pools for Fantom allow users to specify which coins to mine.
The other way to mine Fantom is by using a GPU miner. GPU miners are not recommended for beginner miners as they are more complicated to set up.
Benefits Of Buying Fantom Cryptocurrency
Anonymity – By design, fantom crypto is pretty anonymous. There are no personal details needed to own or trade it. This allows users to freely buy and sell Fantom without anyone else knowing who they are.
Security – Fantom uses a consensus mechanism called Dandelion that makes it extremely difficult to create false transactions on the network. It also has a built-in mechanism to combat 51% of attacks.
What Makes Fantom Unique?
Fantom offers complete privacy throughout the entire blockchain system. Participants can make their transactions public or private, with complete control over who can see them.
Fantom offers a reduced blockchain size so it takes up much less space on your computer or mobile device. This makes it very easy to backup and store, allowing users to save space and money.
Final Words: Is Fantom (FTM) A Good Investment?
Fantom is a great choice for cryptocurrency investors looking for a new coin to add to their portfolio. It has a low circulating supply and a proven track record of working as a currency. Although it is still in its infancy, it has huge potential to grow.
It currently has a market cap of more than $600 million. For people new to the world of cryptocurrencies, it is one of the more accessible choices. It is also relatively easy to buy and hold, making it a great long-term investment.