Cryptocurrency Q&A
How secure is Fantom?
How secure is Fantom?
Arianna
Wed May 22 2024
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7 answers
1352
Could you please elaborate on the security aspect of Fantom? I'm interested to know how robust its security measures are, given the increasing concerns about cryptocurrency hacks and breaches. Could you also discuss its resilience against potential vulnerabilities and threats? It would be helpful to understand the steps taken by Fantom to safeguard its platform and user funds. Additionally, I'm curious about any recent audits or security tests conducted on Fantom and the results of those evaluations. Thank you for your insights.
7 answers
KimonoGlitter
Fri May 24 2024
In addition to their personal stakes, validators can also receive delegations from users who do not run their own nodes.
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Lorenzo
Fri May 24 2024
These delegations represent additional voting power for the validator, further enhancing their influence within the network.
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Nicola
Fri May 24 2024
The Proof-of-Stake (PoS) system employed by Fantom ensures that only those with sufficient FTM holdings and delegations can become validators.
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CryptoLegend
Fri May 24 2024
Voting power within the Fantom ecosystem is determined by a unique mechanism that takes into account the amount of FTM tokens staked by validators.
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SeoulStyle
Fri May 24 2024
This system creates a secure network by incentivizing validators to behave honestly and responsibly, as their stakes are at risk if they misbehave.
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