What Is Fioprotocol.io?
Fioprotocol.io (FIO) is a blockchain protocol that aims to enable a better way of sending/receiving coins and tokens. The FIO token is the native utility token of the project’s blockchain infrastructure, FIO Chain, and is used for transaction gas fees and on-chain governance. The FIO Chain uses a Delegated Proof-of-Stake (DPoS) to achieve network consensus. Block Producers are elected by FIO token holders via on-chain voting. Anyone can register to become a BP and produce blocks if they receive enough votes.
Fioprotocol.io Foundation for Interwallet Operability is an industry consortia, consisting of leading wallets, exchanges, crypto payment processors, and various other entities and community members dedicated to the pursuit of blockchain usability through the FIO Protocol. The Foundation is a Cayman-registered nonprofit and includes a Board of Directors that consists of multiple industry leaders.
Important Points Table Of Fioprotocol.io
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Vision and Values
The vision of Fioprotocol.io is to operate as a Decentralized Autonomous Consortia (DAC), guided by the community and blockchain ecosystem. They encourage everyone to participate in helping define the FIO Protocol and to provide feedback on how to improve blockchain usability.
This is a live demonstration of the full flow of registering a FIO Address and making an FIO Request using two live and integrated products, Edge and Guarda wallet.
By integrating the Fioprotocol.io Protocol into WooCommerce and Coinbase Commerce, we have created a FULLY functioning store that utilizes FIO Requests and FIO Addresses to process a transaction. The store is live at https://shop.fioprotocol.io. Please note that FIO is not building a standalone payment processor.
One Identity for all your Crypto
FIO Addresses are a single identifier that eliminates the need to see, or even know about, blockchain public addresses. It’s simple to register, easy to use, and works with every token/coin automatically.Register a FIO Address.
Don’t just Send, Request
Stop asking people what you owe them – let them tell you. Enjoy in-app requests for funds, done in an encrypted and private manner – specify the type and amount and eliminate confusion for the sender.
Transactions with Context
Fioprotocol.io Attach standardized metadata to any crypto transaction, ranging from a simple note to structured data like an order card or invoice. Remember the “why” behind every transaction.
Integrate the FIO Protocol
Reduce Customer Service Issues
Eliminate mistakes in sending and receiving crypto and focus on your core product.
Create New Experiences
Don’t be limited to hard-to-use user flows – automate the pain away.
Support Blockchain Usability
The Fioprotocol.io is designed to serve the entire blockchain ecosystem, join the cause!
The Fuel of Usability
The FIO Protocol runs on its own dPoS blockchain – the FIO Chain. As the internal economic driver, the FIO Token is utilized to pay for all fees necessary to write data to the chain.
While the Fioprotocol.io Token is necessary to utilize the FIO Protocol – users do not need to directly obtain the token, as the FIO Protocol is designed for the ability to accept indirect payments. Users can potentially pay for their FIO Protocol usage through intermediaries, including through the Foundation itself, and through using various other popular cryptocurrencies.
FIO-enabled products may also choose to pay in part, or in whole, the cost of a FIO Address registration/renewal. Please check with your provider for specifics on their implementation.
The Fioprotocol.io Ecosystem consists of wallets, exchanges, crypto payment processors, various applications, and even the support of protocols. FIO Members are a specific group of FIO Ecosystem participants that have chosen to dedicate specific resources and commitments towards the FIO Protocol.