EVM, Fantom (FTM), FUD

Debunking the Myths: Understanding Crypto, EVM, Fantom (FTM), and reality behind the Fud

In the world of cryptocurrency, Ethereum Virtual Machine (EVM) is a crucial concept that underlies the functionality of smart contracts on Ethereum blockchain. However, in the midst of media and uncertainty surrounding cryptocurrencies, some investors and passionate people have perpetuated myths and false ideas on the EVM, Fantom (FTM) and other related subjects.

crypto: the general term

Cryptocurrency refers to the digital or virtual currencies that use cryptography for security and are decentralized, which means that they are not controlled by any government or institution. Examples of cryptocurrencies include Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). Although crypto is a separate term, the underlying technology used in these currencies has evolved over time.

EVM: the engine behind smart contracts

The EVM is a crucial element of the Ethereum blockchain, responsible for the execution of intelligent contracts. An intelligent contract is a self-executing program that automates various tasks on blockchain. EVM uses a unique combination of digital signatures and gas tokens to validate transactions and execute instructions.

FANTOM (FTM): a delegated blockchain of proof of stake (DPOs)

Fantom, or FTM, is a decentralized blockchain platform that focuses on scalability, conviviality and security. It is built on the Ethereum virtual machine (EVM) but has its own single consensual algorithm, proof of stake (POS). FTM aims to provide rapid transaction times, low costs and increased scalability compared to other cryptocurrencies like Bitcoin.

Fud: the negative story surrounding cryptocurrencies

Fear, uncertainty and doubt (Fud) are tactics used by individuals or groups to manipulate the feeling of the market and reduce prices. In the context of cryptocurrencies, Fud often involves exaggerated statements on security risks, volatility or lack of regulations on certain markets.

Debunking myths on EVM and FTM

• EVM is only for Ethereum : This myth has been demystified by many developers who have managed to create decentralized (DAPP) applications in addition to the EVM.

• Fantom’s consensual algorithm is greater than POS

  : although FTM uses a single consensus algorithm, its performance and its scalability are always tested and refined.

• FTM’s safety is not comparable to Bitcoin : although FTM has its own set of safety measures, it is essential to understand that no blockchain can guarantee absolute security. Cryptocurrencies have had their share of violations and security exploits in the past.

Conclusion

To effectively navigate in the complex world of cryptocurrencies, it is crucial to separate the facts from fiction. Understanding the technology behind EVM, Fantom (FTM) and other related subjects is essential to make informed investment decisions and avoid Fud’s accounts. By highlighting these myths, we can promote a more precise and nuanced understanding of the cryptocurrency ecosystem.

Do not forget, always do your own research, stay up to date with market developments and be careful of any media threshing or exaggerated complaints before investing in cryptocurrencies or EVM-based projects.