The first thing to note about the Fantom coin is that it revolves around a revolutionary idea, the project is looking to solve the problem of expensive, centralized data storage and cloud services.
It aims to create an economy where anyone can sell their excess hard drive space in exchange for FANTOM tokens, which are then used to pay for storage needs on the platform.
This will make data storage significantly cheaper, it’s a revolutionary idea that could be big for many different industries.
A Unique Cryptocurrency
The coin features privacy and security, which is what many people in the crypto world are looking for, the coin has been making waves in the market because of its focus on privacy and security, something many other coins don’t offer.
The developers of Fantom Coin have taken their time to make sure it’s secure, they have incorporated Ring Signatures and Stealth Addresses, which protect the private information of users.
Additional features include Darksend Transactions and Confidential Transfers, one important thing about this fantom coin price that sets it apart from other coins is the fact that Fantom has a total supply of 21 billion coins, unlike Bitcoin’s 21 million coins.
This means that as long as there are people looking for privacy-based cryptocurrencies, this coin will be worth investing in because there will always be plenty of coins left over to buy.
A Growing Platform
It is a cryptocurrency that has grown in popularity and value, one of the reasons for this growth is because it expands on Ethereum’s code to create unique smart contracts, this is important because it could help Fantom become an increasingly popular platform for developers to build on.
A Promising Investment
The cryptocurrency is built off of the Ethereum blockchain, and it offers several advantages over other cryptocurrencies, for one, Fantom is designed to be ASIC-resistant.
This means that miners can’t use specialized hardware to mine the currency more efficiently. For another, it is able to process transactions much quicker than most cryptocurrencies out there, altogether, these features make Fantom an appealing option for investors in the world of cryptocurrency.
Transparency and Accountability
One of the reasons why the Fantom coin is a good investment is that it will always keep rising are its transparency and accountability.
The company takes pride in providing full transparency on all of its marketing and business practices, they strive to offer accountability by making sure every dollar they spend is visible to investors.
This helps potential investors make sound financial decisions as they are working with an open company that shares what they do with the public.
Security and Scalability
The currency should be secure and scalable to allow for future growth, it has a multi-layer security system that helps prevent hacking and ensures that transactions are verified by the network, in this case, it would take millions of dollars worth of computing power to hack one transaction.
It also has an innovative consensus algorithm that allows for scalability and speed, as more people use the currency, the transaction process becomes faster.
Fantom’s consensus algorithm was built with a future in mind where there are thousands or even millions of transactions per second, this makes it a great investment as it will be able to keep up with increasing demand for crypto coins and is safer than other coins on the market.