In the fast-paced world of cryptocurrency, staying informed can be a challenge. There are so many new coins and tokens being released every day that it’s difficult to keep track of them all. Even seasoned crypto traders tend to get confused by all the new terminology and acronyms floating around the market.
That’s where Fantom comes in! Fantom is a new, rapidly growing cryptocurrency that is built with a focus on payments. It makes it easy to send money to other users and pay individuals and merchants online. It’s also one of the few cryptos that are focused on developing its mobile wallet.
This article will be taking a quick look at what Fantom is, where you can buy it, and how it can benefit you as a user.
What Is Fantom?
Fantom is an autonomous blockchain-based platform that facilitates P2P payments and exchanges between users. It’s designed to be user-friendly, and its goal is to make sending and receiving payments as seamless as possible.
Fantom is open-source software that allows you to create and manage your decentralized blockchain network. You can create your custom tokens, offer decentralized financial services, and more. It’s like an all-in-one solution for the cryptocurrency needs of a business or individual.
How To Buy Fantom
While Fantom does have an official wallet for Android, the iOS version is still in beta. As such, you’ll need to use an Android device to buy, store, and spend your Fantom.
You can download the Fantom app from the Apple App Store or the Google Play Store. After installing the app, open it up and you should see a buy button in the bottom right corner. Click that button and you’ll be prompted to log in or create a new account.
After you’ve logged in or created an account, you’ll be able to buy fantom crypto with BTC, ETH, or LTC. Once you have your coins in the app, you can send them to your Fantom wallet.
From there, you can send or store as you please.
What Makes Fantom Unique?
As discussed, fantom crypto is designed to be user-friendly. It has an easy-to-use wallet interface that’s especially helpful for newbies to crypto.
Fantom also has several unique features that set it apart from other cryptocurrencies. Some of these include:
A focus on payments instead of hopes and dreams. Fantom isn’t focused on building a new decentralized internet or anything ambitious like that. Instead, it’s more about facilitating simple, everyday payments.
An emphasis on security and user privacy. One of the biggest challenges of blockchain technology is getting rid of the “centralized trust” problem. Centralized systems like banks and payment providers tend to abuse their power and break the rules.
While blockchain is inherently more “trustworthy” than a centralized system, you can’t eliminate the risk of data breaches or other cybersecurity issues. Fantom tries to mitigate these risks by emphasizing security and end-to-end encryption.
An open-source platform with a focus on development. Fantom is an autonomous blockchain platform. That means it’s built to be easily modified and upgraded by its community. That also means it has a lot of potentials to grow and develop into something even more useful in the future.