25
edits
Difference between revisions of "Fantom"
Jump to navigation
Jump to search
m
remove step numbers from headers
m (Added section about Fantom Foundation to the Wiki) |
m (remove step numbers from headers) |
||
| Line 11: | Line 11: | ||
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. | ||
| Line 22: | Line 22: | ||
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. | ||