PRESS RELEASE. The Foundation for Interwallet Operability (FIO) celebrates the primary 12 months anniversary for the reason that group launched the mainnet of the open-source FIO protocol. With over one-hundred and fifty thousand customers and a number of the industry’s leading service providers akin to ShapeShift, Coinomi, AscendEX (previously Bitmax), Liquid.com and Edge integrating the FIO protocol, the crew are on target to make sure cryptocurrency transactions are easy, personal, safe and joyful.
The FIO Protocol was designed to make sure the cryptocurrency person expertise is uncomplicated and lays the muse for cryptocurrency mass adoption. Lengthy advanced addresses have been changed with user-customized FIO Addresses akin to “person@fio” that allow decentralized sending, receiving and fee requests (invoices, order carts, and so on.), in addition to, cross-chain end-to-end encrypted metadata (the data for these invoices, order carts, and so on.) that may work throughout all blockchains.
Luke Stokes, Managing Director, FIO: The final 12 months has seen the FIO Protocol and cryptocurrency trade mark quite a lot of vital milestones. Many individuals are predicting continued exponential adoption for cryptocurrencies over the subsequent few years mirroring the trail the Web took in the direction of a billion customers. For this to turn into an on a regular basis actuality, the person expertise should enhance. Sending an electronic mail was once onerous. Utilizing the web was troublesome. Previous to the creation of http, we had no usability layer to convey concerning the browser revolution and the World Broad Internet. We at the moment are at an analogous stage with cryptocurrencies and the FIO Protocol is designed to make sure the person expertise for sending digital property is so simple as sending an electronic mail.
Inside the first 12 months for the reason that mainnet launch, the FIO Protocol has been adopted by greater than a dozen of the trade’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 larger options akin to FIO Staking and a FIO Dashboard to make shopping for, promoting and managing a person’s FIO Addresses and Area NFT’s simpler than ever. As an increasing number of institutional and retail traders start to appreciate 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 allows simpler, safer and extra joyful crypto transactions on any sort of token or coin. It serves as a usability layer for the whole 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 akin to notes, order carts or invoices alongside crypto transactions on each blockchain. The Basis for Interwallet Operability is an trade guided non-profit entity whose mission is to facilitate enchancment to and adoption of the FIO Protocol. Lots of the trade’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.
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