FTM meaning in Cryptocurrency ?

Answer:

What Is Fantom (FTM)?

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

Who Are the Founders of Fantom?

The Fantom Foundation was founded by South Korean computer scientist Dr. Ahn Byung Ik. Currently, the platform’s CEO is Michael Kong.

The team behind Fantom has extensive experience primarily in the field of full-stack blockchain development, and aimed to create a smart contract platform which privileges scalability, decentralization and security.

According to its official website, Fantom’s team also consists of specialist engineers, scientists, researchers, designers and entrepreneurs. Employees are located throughout the world, matching the ethos of a distributed platform.

What Makes Fantom Unique?

Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.

The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional proof-of-stake (PoS) algorithm-based platforms.

Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”

Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Through token sales in 2018, Fantom raised almost $40 million to fund development.

reference

Full Form	Category
Find The Money	Accounts and Finance
Financial Tax Management	Accounts and Finance
Full Team Meeting	Business
Financial Transaction Manager	Business
Fashion and Textile Management	Business
Fan-Type Marker	Business
Flat Tire Monitor	Business
Fluid Thioglycolate Medium	Chemistry
Feel The Magic	Community
First Time Mother	Community
Fair To Middlin	Community
Feel The Music	Community
Family Team Meeting	Community
Face The Music	Community
Fair To Midland (band)	Community
Full Track Music	Community
Flat Tension Mask	Computer Hardware
Fault Tolerant Machine	Computer Hardware
Fib Transition Module	Computing
Far Too Many ....	Computing
Fantom	Cryptocurrency
Frequency-time Modulation	Electronics
Film Thickness Monitor	Electronics
Frequency and Time Measurement	Electronics
Font File (micrografx)	File Type
Transculture Magazine	General
Full Tilt Moto	General
Future Top Model	General
Forgot to Mention	General
For The Moment	General
Full Time Mom	General
First Time Mom	General
Fit To Move	General
Future Trans Man	General
Functional Test Manager	General
Forget the Market	General
File Transfer Mode	General
Fear The Mullet	General
Fall Technical Meeting	General
Frequently Transformed Mensches	General
From To Matrix	General
Fluid Thioglycollate Medium	General
Fluid Tank Monitor	General
Family Team Meetings	General
Fine Timing Measurement	General
Fine Time Measurement	General
Food Tasting Master	General
Ferrari Tailor Made	General
Ford Thailand Manufacturing	General
Food Truck Manager	General
Food Truck Mafia	General
Four Too Many	General
Freight Tonne Miles	Governmental
Flight Table Manager	Governmental
Ferry Trail Management	Governmental
F*** The Matrix	Internet
For That Matter	Internet
Freight Traffic Manager	Jobs
Full Time Manual	Jobs
Fractional Test Meal	Medical
Female Transitioning to Male	Medical
Full Time Manning	Military and Defence
Fleet Training Missile	Military and Defence
Flexible Theatre Missile	Military and Defence
Fire Control Technician, Missile	Military and Defence
Fixed Target Mapping	Military and Defence
Flight Test Missile	Military and Defence
French Training Mission	Military and Defence
Flight Training Mission	Military and Defence
Flight Test Manual	Military and Defence
Fault Tree Maintenance	Military and Defence
Field Training Manual	Military and Defence
Fault Tolerant Modem	Networking
Fluid Transfer Management	Physics Related
File Transfer Manager	Softwares
Fault Tolerance Management	Softwares
Family Tree Maker	Softwares
Force/torque Module	Space Science
Free Throws Made	Sports
For The Money	Sports
First Time Marathon	Sports