Fantom ($FTM) is one of the most talked about protocols today.
It is a decentralized, permissionless, open-source smart contract platform for decentralized applications (dApps) and digital assets – one of the many blockchain networks built to provide an alternative to Ethereum.
As such, Fantom offers two benefits over Ethereum:
It’s fast and cheap – Transaction happens in just one second
Speed also results in transaction costs of only a fraction of a cent
Fantom is user-friendly to developers and users – It’s Ethereum compatible, so you can run Ethereum-decentralized applications (dApps) on it
Here is how to set up a Fantom Wallet which you can use to stake $FTM among others:
1. Get Started
Go to the home screen. If this is your first time creating a wallet, click on ‘Get started;