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.
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.
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.
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.