FTM is a blockchain platform that aims to provide fast, secure, and low-cost transactions for users. The platform is built on a custom blockchain and uses a consensus algorithm called the Lachesis Protocol to achieve high transaction throughput.
Some key features of FTM include:
1. High transaction throughput: FTM is designed to handle up to 20,000 transactions per second, enabling fast and efficient transactions for users.
2. Low transaction fees: FTM aims to provide low transaction fees, making it more accessible and affordable to interact with the platform.
3. Decentralized finance (DeFi) capabilities: FTM offers a range of DeFi services, such as decentralized exchanges (DEXs) and yield farming, enabling users to access a variety of financial services.
4. Decentralized governance: FTM has a decentralized governance system in which token holders can propose and vote on changes, improvements, or new features for the platform.
The native cryptocurrency of the FTM platform is called FTM, which is used as a means of payment for transaction fees and to incentivize network participants.
The value of FTM, like other cryptocurrencies, depends on various factors such as market demand, the platform's growth and adoption, and overall market conditions. As FTM continues to develop its platform and increase its utility, the value of FTM may change accordingly.