PRESS RELEASE. The Foundation for Interwallet Operability (FIO) celebrates the primary yr anniversary for the reason that group launched the mainnet of the open-source FIO protocol. With over one-hundred and fifty thousand customers and among the industry’s leading service providers equivalent to ShapeShift, Coinomi, AscendEX (previously Bitmax), Liquid.com and Edge integrating the FIO protocol, the group are heading in the right direction to make sure cryptocurrency transactions are easy, personal, safe and joyful.
The FIO Protocol was designed to make sure the cryptocurrency consumer expertise is uncomplicated and lays the inspiration for cryptocurrency mass adoption. Lengthy advanced addresses have been changed with user-customized FIO Addresses equivalent to “consumer@fio” that allow decentralized sending, receiving and fee requests (invoices, order carts, and so forth.), in addition to, cross-chain end-to-end encrypted metadata (the knowledge for these invoices, order carts, and so forth.) that may work throughout all blockchains.
Luke Stokes, Managing Director, FIO: The final yr has seen the FIO Protocol and cryptocurrency business mark plenty of vital milestones. Many individuals are predicting continued exponential adoption for cryptocurrencies over the subsequent few years mirroring the trail the Web took in direction of a billion customers. For this to turn out to be an on a regular basis actuality, the consumer expertise should enhance. Sending an electronic mail was once onerous. Utilizing the web was tough. Previous to the creation of http, we had no usability layer to convey concerning the browser revolution and the World Vast Internet. We are actually at an identical stage with cryptocurrencies and the FIO Protocol is designed to make sure the consumer expertise for sending digital property is so simple as sending an electronic mail.
Throughout the first yr for the reason that mainnet launch, the FIO Protocol has been adopted by greater than a dozen of the business’s main wallets ane exchanges, the FIO Token has been listed on Binance, Liquid, AscendEX, Whitebit, ChangeNow and different exchanges, and over 150,000 FIO Addresses have been registered. The FIO group is actively enhancing the protocol to incorporate higher options equivalent to FIO Staking and a FIO Dashboard to make shopping for, promoting and managing a consumer’s FIO Addresses and Area NFT’s simpler than ever. As increasingly more institutional and retail buyers start to comprehend the potential advantages of blockchain software and asset allocation, the necessity for standardized infrastructure is just going to extend.
About FIO: The (FIO) Protocol is a blockchain that permits simpler, safer and extra joyful crypto transactions on any sort of token or coin. It serves as a usability layer for the complete blockchain ecosystem enabling, amongst different issues, human readable pockets names that exchange advanced public addresses, the flexibility to request crypto funds versus simply sending and the flexibility to incorporate information equivalent to notes, order carts or invoices alongside crypto transactions on each blockchain. The Basis for Interwallet Operability is an business guided non-profit entity whose mission is to facilitate enchancment to and adoption of the FIO Protocol. Lots of the business’s leading wallets and exchanges have integrated the FIO protocol thereby enabling entry to its capabilities for his or her customers which, mixed, signify thousands and thousands of individuals.
It is a press launch. Readers ought to do their very own due diligence earlier than taking any actions associated to the promoted firm or any of its associates or companies. Bitcoin.com isn’t accountable, instantly or not directly, for any injury or loss triggered or alleged to be attributable to or in reference to the usage of or reliance on any content material, items or companies talked about within the press launch.
Picture Credit: Shutterstock, Pixabay, Wiki Commons