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The Fantom Foundation has made a significant move to enhance the security of its Layer-1 blockchain, Fantom, by slashing the self-staking requirement from 500,000 FTM to 50,000 FTM.
In a significant move aimed at fortifying the security of its layer-1 blockchain network, the Fantom Foundation has successfully slashed the validator self-staking requirement by a staggering 90%. This momentous decision comes following a governance vote that concluded in June 2023.
Fantom Foundation has reduced its validator staking requirement from 500,000 FTM to 50,000 FTM, aiming to boost network security and accessibility, following a June 2023 governance vote.
The move could help improve network security as validators are more widely distributed across the world, developers said.
The layer-1 blockchain network Fantom had made a major change to its staking system in an effort to become more decentralized. The Fantom Foundation recently reduced the validator self-stake requirement, making network participation much more accessible.
The Fantom Foundation expects the changes will beef up Fantom's security without slowing down the network.
Fantom, a key player in the blockchain space, has recently made a significant adjustment to its validator self-stake requirement. The requirement has been reduced by 90%, from 500,000 to 50,000 FTM, following a governance vote. This change aims to broaden participation by making the validator role more accessible.
Fantom's governance vote lowers validator self-stake from 500k to 50k FTM, aiming to boost security and accessibility without compromising speed.
In the cryptocurrency market, savvy investors keep an eye out for opportunities, especially during market dips. Recently, the MVRV (market-value-to-realized-value) ratio, has highlighted several cryptos as significantly undervalued.
Fantom (FTM) investors have endured a brutal week, witnessing their holdings shrink by over 20% in just seven days. The latest blow came within the past 24 hours, with a nearly 10% plunge leaving the token hovering around $0.37.
Fantom's price dropped by nearly 25% last week, and selling pressure on the token increased.
The Fantom Foundation has significantly lowered the validator self-staking requirement, reducing it from 500,000 FTM to 50,000 FTM, effective immediately. The substantial reduction reflects the foundation's commitment to making the validation process more accessible and encouraging broader participation in the network's security and consensus mechanisms.
This new year 2024 promises great challenges, not only in the traditional markets but also in the cryptocurrency market.
Buying pressure on Fantom increases as a key metric flags a buying signal on its 12-hour chart.
As 2024 looms, the crypto sphere teeters on the edge of anticipation, with investors eagerly watching the market's every move. Analysts, particularly Trader Ali Martinez, in his X post, are scrutinizing key altcoins, pinpointing potential breakout candidates among them.
A closely followed crypto analyst believes that one Ethereum (ETH) challenger is gearing up for a breakout rally on the way to printing gains of about 200%.
Fantom appears to be forming a double bottom pattern currently, a confirmation of which could lead to a break towards $1.60 according to an analyst. Fantom Might Be Forming A “W” Pattern In Its Weekly Chart As explained by analyst Ali in a new post on X, FTM's weekly price chart has appeared to have been forming a “W” pattern recently.
FTMUSD was one of the best performers the previous week. Any weekly close above $0.60 confirms further bullishness.
As the year 2024 dawns, the cryptocurrency market is witnessing a remarkable resurgence. After weathering uncertainty and volatility, the crypto landscape rebounded strongly in late 2023, ushering in what many call an “Altcoin Season.” This resurgence is not just a mere recovery but a powerful affirmation of cryptocurrencies' enduring appeal and potential.
In a recent development on the cryptocurrency market, Fantom (FTM) is gaining attention as it appears to be forming a "W" pattern on its weekly chart. This pattern, widely regarded as a bullish indicator, has caught the eye of seasoned crypto analyst Ali Martinez.
Investors are paying close attention to Fantom, a smart contract platform based on Directed Acyclic Graph (DAG), as its native cryptocurrency, FTM, shows significant activity. In the past week alone, the Fantom (FTM) price has surged by 32%, reaching a current trading value of $0.54.
Fantom, the DAG-based smart contract platform, has recently been on investors' radar with native cryptocurrency FTM making strong moves. The Fantom (FTM) price is already up by 32% over the last week and currently trading at $0.54.
A few days ago, AMBCrypto mentioned how FTM had to break the supply wall. Now that it has, what's next?
Cryptocurrency analyst and trader Ali Martinez recently shared insights on Fantom's (FTM) and Polygon's (MATIC) price actions, highlighting potential trajectories for both digital assets. Altcoins always make moves with Bitcoin's price action. If Bitcoin's price stays over $44,000 and the outlook is favorable, the FTM price might rise to $0.
