FTN is the proprietary cryptocurrency of Bahamut, a public, layer 1 blockchain platform that operates on the Ethereum Virtual Machine (EVM) and utilizes a unique consensus mechanism known as Proof of Stake and Activity (PoSA). In PoSA, validators' chances of producing blocks are influenced by the gas expended in transactions involving their smart contracts, incentivizing active network participation.
Bahamut stands out due to its PoSA consensus, which offers businesses innovative monetization opportunities for their user base while maintaining the web3 ecosystem's integrity and transparency.\n\nOriginally, FTN was an ERC20 token within the SoftConstruct and Fastex ecosystems. With the launch of the Bahamut mainnet on May 3, 2023, and FTN as its native currency, a transition from Ethereum to Bahamut began and is currently in progress.
Bahamut's ecosystem is expanding, with plans to introduce decentralized exchanges, applications, bridge services, and more by year's end. Additionally, the Bahamut grant program is set to support those aiming to contribute to a decentralized future.\n\nFTN serves as a gaming token across various platforms and as the primary currency within the Bahamut network.
FTN is the proprietary cryptocurrency of Bahamut, a public, layer 1 blockchain platform that operates on the Ethereum Virtual Machine (EVM) and utilizes a unique consensus mechanism known as Proof of Stake and Activity (PoSA). In PoSA, validators' chances of producing blocks are influenced by the gas expended in transactions involving their smart contracts, incentivizing active network participation.
Bahamut stands out due to its PoSA consensus, which offers businesses innovative monetization opportunities for their user base while maintaining the web3 ecosystem's integrity and transparency.\n\nOriginally, FTN was an ERC20 token within the SoftConstruct and Fastex ecosystems. With the launch of the Bahamut mainnet on May 3, 2023, and FTN as its native currency, a transition from Ethereum to Bahamut began and is currently in progress.
Bahamut's ecosystem is expanding, with plans to introduce decentralized exchanges, applications, bridge services, and more by year's end. Additionally, the Bahamut grant program is set to support those aiming to contribute to a decentralized future.\n\nFTN serves as a gaming token across various platforms and as the primary currency within the Bahamut network.