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Difference between revisions of "Fantom"
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It plays an essential role for a well-functioning, healthy network. | It plays an essential role for a well-functioning, healthy network. | ||
=== | === Securing the network === | ||
Fantom uses a Proof-of-Stake system that requires validators to hold FTM. | Fantom uses a Proof-of-Stake system that requires validators to hold FTM. | ||
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By locking in their FTM, validators help the network to be decentralized and secure. | By locking in their FTM, validators help the network to be decentralized and secure. | ||
=== | === Paying for network fees === | ||
To compensate validators for their services and prevent transaction spam, every action performed within the Fantom network costs a small fee. | To compensate validators for their services and prevent transaction spam, every action performed within the Fantom network costs a small fee. | ||
This fee is paid in FTM. | This fee is paid in FTM. | ||
=== | === Voting in on-chain governance === | ||
Decisions regarding the Fantom ecosystem are made using transparent on-chain voting. | Decisions regarding the Fantom ecosystem are made using transparent on-chain voting. | ||
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=== References === | === References === | ||
<references /> | <references /> | ||
[[Category:Chain]] | |||