## What Does FTM Mean? Basic Features of the Fantom Network

In the world of cryptocurrency, **FTM** (Fantom) appears as a project that offers a different approach to blockchain scalability issues and is gaining increasing importance. So, what is Fantom and why is it attracting so much attention?

**Fantom (FTM) Foundation: DAG Technology**

Fantom is a smart contract platform based on **DAG (Directed Acyclic Graph)**, which differs from traditional blockchain structures. The most important feature of the DAG structure is that data progresses in a single direction and never loops back, providing a non-reversible order. In this architecture, each transaction is built upon the previous one, eliminating the need for mining. Instead, each transaction undergoes a Proof of Work (PoW) process to ensure network security.

**Lachesis Protocol and Opera Chain**

The core element that provides FTM's scalability is the **Lachesis Protocol**. This protocol uses a timestamp mechanism called Lamport to determine the topographical order of events. Fantom integrates this protocol into the **Fantom Opera Chain** to offer fast, secure transactions at low cost.

**Mining and CryptoNode Algorithm**

FTM is equipped with the **CryptoNode** algorithm, enabling mining with 64-bit CPUs. This feature makes Fantom one of the first cryptocurrencies that do not require expensive mining hardware. Additionally, the CryptoNode protocol offers open-source code, providing high levels of anonymity through signatures; the owner of the sender's private key remains anonymous.

**Practical Use Cases of FTM**

Within the Fantom ecosystem, the FTM token offers various opportunities for investors and users. Firstly, it can be easily traded on crypto exchanges and swapped with other digital assets. Secondly, it functions as a payment method with approximately two-minute confirmation times. Thirdly, it is possible to earn passive income by staking as a validator node. Fourthly, it can be used as collateral on DeFi platforms, creating a source of income for liquidity providers. Lastly, FTM tokens can be securely stored in online and offline wallet options.

**Why Choose Fantom?**

FTM has key advantages that strengthen its position in the market. Features such as fast transaction confirmation, low transaction fees, stakeability, and DeFi integration distinguish FTM from other cryptocurrencies. The Fantom Opera Chain ensures compatibility among global transaction tools and high transaction speeds, guaranteeing users a seamless experience.

_**This content is provided for informational purposes only and does not constitute any investment advice.**_