NOWNodes is a great opportunity to join Fantom blockchain or to lighten your crypto infrastructure. Connect to full FTM node, block explorer and testnet now!
Fantom (FTM) is a decentralized, permissionless, and open-source smart contract platform specifically created to enable smart contract functionality as well as the ability for developers to start their development of decentralized applications (dApps) alongside any other type of digital asset.
The Fantom blockchain's mainnet went live in December of 2018, and its network architecture is aimed at providing a viable solution to the blockchain trilemma, which includes scalability, decentralization, and security.
FTM is the native cryptocurrency that is utilized as a means of powering the network. Specifically, FTM utilizes a Proof-of-Stake (PoS) consensus mechanism, and what this essentially means is that all of the validators within the network are required to hold FTM tokens in order to create new blocks.
FTM at the initial launch was ERC20-based tokens. However, a bridge was created which allowed the conversion of other tokens into native Opera FTM tokens.
Fantom's mainnet is known as Opera and was created through the usage of the DAG-based Lachesis consensus protocol, which fully supports Ethereum Virtual Machine (EVM) compatible smart contracts, which allow Fantom users to execute smart contracts within the network.
Despite the existence of many other cryptocurrencies, FTM has a lot of advantages and here are just a couple of them.
Within the Fantom network, any user can gain access to liquid staking, which is the process of using staked FTM tokens as collateral across Decentralized Finance (DeFi) applications, as all of the FTM delegations are liquid.
The Fantom network has full support for the Ethereum Virtual Machine (EVM), which streamlines the development process tremendously for developers who have had a previous experience when it comes to dApp development on top of Ethereum.
Fantom is made up of numerous decentralized systems, all of which interact with one another, despite working independently in their own specific zone, and offer a high level of scalability, custom governance, rules, tokens, and tokenomics.
If the Fantom (FTM) network has been a point of appeal for you and you are aiming at either smart launching contracts on top of the network or want to take things one step further and begin your decentralized application (dApp) development journey, in that case, it has never been easier to connect to a node.
Through the utilization of the blockchain-as-a-service provider known as NOWNodes, you will be given the opportunity to connect to a node within less than a second and gain valuable on-chain data that you will require throughout your development journey.
In order to get the most out of the Fantom ecosystem and all of its various use cases, you will require blockchain data. The NOWNodes node that you can connect to will give you data surrounding block height, wallet addresses, transaction data, balance history tickers list, or anything else that you need.
All you need to do in order to get started with this process is to navigate to the official NOWNodes website, after which you can enter your email address and click on the “GET FREE API KEY” button.
Afterward, you can navigate to the documentation tab, where you will find data surrounding each and every command that you will ever need in order to connect to our supported blockchain networks.
The connection occurs through an API key that will allow you to secure an RPC connection to a node that has an uptime of 99.95% and where the connection speed is less than a second. If you are curious about other networks, you can find the full node list here
The Fantom (FTM) block explorer will provide you with a way through which you can establish synchronization with the blockchain network in question. What this means is that the FTM block explorer will give you access to just about any type of data that you require from the broader network, all of which occurs in real time. All you have to do is ask for the specific data you are interested in receiving.
Through the process of analyzing all of the various aspects found within the network, you can gain numerous details about each transaction that your dApp makes, for example. Note that NOWNodes offers you access to 5,000 requests per day for free. However, there are also the standard, pro, and VIP plans that you can pick from based on your use cases.
