Computer scientist Dr. Ahn Byung Ik founded Fantom and conducted an initial coin offering of the FTM token in June 2018. Fantom was designed keeping in mind the high-throughput requirements of DeFi applications. The mainnet achieves near-instant transaction settlement by using its exclusive variant of the proof-of-stake consensus protocol — Lachesis. The protocol also implements improved security measures to ensure higher levels of security for its network. FTM, the blockchain’s native currency, works on the proof-of-stake consensus, and it is compatible with Ethereum and Binance Chain networks. FTM has a circulating supply of over 2.545 billion coins, and its maximum supply is limited to 3.175 billion coins. As of writing, the price of FTM is $0.0205 and the market capitalization is just over $52.17 million.
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