What is Fantom and how does it work on Binance?
James McCoyDec 27, 2021 · 3 years ago3 answers
Can you explain what Fantom is and how it works on the Binance platform?
3 answers
- Dec 27, 2021 · 3 years agoFantom is a decentralized platform that aims to provide fast and secure transactions for decentralized applications (dApps). It utilizes a Directed Acyclic Graph (DAG) consensus mechanism called the Lachesis protocol, which enables high scalability and low transaction fees. On Binance, Fantom can be traded and stored in a secure wallet. Users can buy, sell, and trade Fantom tokens on the Binance exchange, taking advantage of its liquidity and trading features.
- Dec 27, 2021 · 3 years agoFantom is a blockchain platform designed to support smart contracts and dApps. It uses a unique consensus mechanism called the Lachesis protocol, which allows for fast and scalable transactions. On Binance, you can trade Fantom tokens against other cryptocurrencies. Binance offers a user-friendly interface and a wide range of trading tools to facilitate the trading of Fantom. Additionally, Binance provides a secure wallet to store your Fantom tokens.
- Dec 27, 2021 · 3 years agoFantom is a decentralized platform that aims to revolutionize the way transactions are processed in the blockchain space. It uses a DAG-based consensus mechanism to achieve high scalability and fast transaction speeds. On Binance, you can easily trade Fantom tokens and take advantage of the platform's advanced trading features. Binance is known for its strong security measures and user-friendly interface, making it a popular choice for trading Fantom and other cryptocurrencies.
Related Tags
Hot Questions
- 96
How can I protect my digital assets from hackers?
- 92
What are the advantages of using cryptocurrency for online transactions?
- 90
What are the best practices for reporting cryptocurrency on my taxes?
- 71
What are the tax implications of using cryptocurrency?
- 48
Are there any special tax rules for crypto investors?
- 41
What are the best digital currencies to invest in right now?
- 26
How can I buy Bitcoin with a credit card?
- 17
What is the future of blockchain technology?