With rising concerns around crypto mining and climate change, Fantom may surpass Bitcoin and Ethereum as more eco-friendly and scalable. Many cryptocurrencies use a lot of energy and time to validate transactions, while Fantom uses a DAG (Directed Acrylic Graph). Its DAG is a digital ledger, like a blockchain, that makes sure transactions complete within seconds and stay more energy-efficient. The transactions record on top of one another rather than in a chain sequence.
Fantom also offers staking to its investors. Anyone who invests in FTM can stake their tokens to earn passive crypto easily, which isn’t possible with proof-of-work cryptocurrencies.
Fantom focuses on blockchain technology’s three most important components: decentralization, scalability, and security. Many other cryptocurrencies, such as Ethereum and Bitcoin, only focus on decentralization and security, ignoring scalability. But a cryptocurrency project needs to be scalable - slow transaction speeds simply won’t be adopted in the modern world.
Fantom transactions generally take a few seconds to complete thanks to the Lachesis protocol, which can validate transactions independently, without consensus from the rest of the blockchain. Speed, scalability, and security make Fantom a good choice for Canadians to invest in.
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Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.