FIO
FIO Protocol
$0.00000000AUD
Market Cap
52.4M AUD
24H Trade Vol.
11.5M AUD
Total Supply
799.7M
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Buy FIO Protocol (FIO)

What is FIO Protocol?

FIO Protocol is a decentralised, open-source usability solution aimed at simplifying cryptocurrency transactions across all blockchains. It achieves this by replacing complex wallet addresses with human-readable Crypto Handles, formatted as username@domain.

How does FIO Protocol work?

FIO Protocol operates on the FIO Chain, a public and fully decentralised Layer 1 blockchain using the Delegated Proof of Stake (DPoS) consensus mechanism. This system supports faster transactions and scalability. Features include FIO Crypto Handles for easier wallet address management, FIO Requests for initiating payments, FIO Data for storing transaction metadata, and FIO Domains for customisable address endings.

What are the potential use cases for FIO Protocol?

FIO Protocol can simplify crypto transactions with human-readable identifiers, provide compatibility across various blockchain networks, offer branded addresses for businesses, secure NFTs with digital signatures, and support decentralised commerce with on-chain transaction data storage. It is already integrated into over 75 platforms, enhancing its usability across different ecosystems.

What is the history of FIO Protocol?

FIO Protocol was founded by Luke Stokes to improve blockchain usability. It involves a community-driven approach in its development and has reached milestones like integration with major platforms (e.g., ShapeShift, Trust Wallet), and adoption by numerous exchanges. The technology continues to evolve with the FIO Chain facilitating seamless interoperability and user-friendly transactions.

Frequently Asked Questions (FAQs)