Fantom is a highly scalable, DAG based smart contract platform for decentralized applications . The cryptocurrency for the Fantom network is FTM.According to Fantom's, they use DAG technology due to the slow transaction times of typical blockchains like Bitcoin and Ethereum.For example, on Fantom a money transfer takes only 1 second, whilst costing only $0.0000001.
During periods of high activity, fees on Ethereum can cost from $50 to over $300 and can take over 30 minutes to complete.Staking - You can stake FTM to secure the Fantom network and receive extra FTM as a reward, generating passive income.Governance - You can use FTM to vote on important decisions via the staking process, the more FTM you hold, the more voting power you get.
Four Byzantine Generals are planning to attack a city. Each general and their army are positioned on a different side of the city.
Byzantine Fault Tolerance is a solution that ensures that a network is going to act fairly, even if there are bad actors. Nodes in a network are guaranteed to agree on the timing and order of transactions.
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