FON Smart Chain: Fast, low-fee blockchain with validators.
FON Smart Chain uses 21 validators and candidate backups for fast, secure transactions with low fees, ensuring chain stability.
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What is FONSmartChain (FON)?
FON Smart Chain is a new public blockchain utilizing a Proof of Stake (APoS) consensus mechanism with 21 active validators. This design allows for fast block creation and low transaction fees. Validators are chosen based on the amount of staked tokens. Security is maintained through double-signature detection and slashing mechanisms, ensuring stability and finality. In addition to the active validators, there will be candidate validators (e.g., 20 inactive validators) who will participate in block generation and fee collection, but with less frequent chances to be elected into the active set. Candidate validators are incentivized to maintain high quality and security due to potential rewards and penalties for unavailability. A backup node is in place within the genesis block to ensure cont...
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FONSmartChain price live information
As of now, FONSmartChain is trading at 0.2842 USD, with a 24-hour trading volume of approximately 40.26K USD. The FON to USD price is updated in real time. Over the past 24 hours, FONSmartChain has decreased by 0.42%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 3.94M USD. Currently, there are 13 856 858.905681 FON in circulation out of a maximum supply of 22 503 869.919556 FON.
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