Our Foundation values Openness and Transparency, Diversity in Community, and Fairness. The Staking method ensures that stakers of FIO Tokens will always earn a positive return — meaning they receive more FIO Tokens back when they unstake than the number they staked. Based on these significant milestones, we can see that FIO is a highly promising coin and furthermore, the FIO Protocol is an innovative blockchain project with a great community and thriving ecosystem of valuable products. This makes FIO an attractive and strategic addition to the lineup of PoS coins available on Moonstake, and Moonstake has been supporting FIO staking since February 2022 via official partnership. NFT Signatures offer on-chain attestation by the NFT owner, confirming the creation and authenticity of NFTs.

If the renewal fee for a FIO Address is not paid by its expiration date, the address will be temporarily disabled. A user’s FIO address NFT is going to be their full human-readable FIO wallet address. The first part will be their chosen username, the at symbol and then lastly, the FIO domain. The user controls mappings and use of their FIO address with their FIO private key from their chosen crypto application (e.g., wallet). More than 200,000 human-readable FIO addresses have already been registered, and china says state cryptocurrency set to rival bitcoin is ‘close’ to launch the list of FIO-enabled crypto products continues to grow. Edge Wallet, ShapeShift, Liquid Exchange, AscendEX Exchange (formerly Bitmax,) Coinomi Wallet, ChangeNow, Midas Wallet, Infinito Wallet and others have already adopted the FIO Protocol to improve their users’ experiences.

In addition, some wallets have their own built-in memo/description field that can accompany a transaction. In both these cases, however, users are limited to only one chain or one application, and these functions work differently on different chains, which leads to user confusion. In addition, blockchain-based memos are usually saved in a plain-text fashion, which means that potentially anybody can read it. A FIO Request, when made, is placed on the FIO blockchain in an encrypted fashion, so that only the intended payee and payor can decrypt it. The request includes several key pieces of information — the payor’s FIO Crypto Handle, the type of token or coin the payee is requesting, the amount requested, and any accompanying FIO Data.

Sharing of Fees With Integrator

This approach ensures that the protocol can be adopted swiftly across various platforms without being an intermediary to native blockchain transactions. FIO is a decentralized protocol that provides greater usability across the entire blockchain ecosystem. It is integrated into crypto products, including cryptocurrency wallets, exchanges, and crypto payment processors.

Once a domain is bought and registered, it is closed from being available to another user but can be sold by the owner. With the FIO Protocol, this style of transacting value is achieved via the FIO Request feature. A person or business requesting payment can include contextual metadata information or a brief note to the recipient about their request – just like PayPal and all other major peer-to-peer money management systems.

FIO Handle

• But what exactly is GRASS, and how does it fit into the broader landscape of crypto trading?
• Based on these significant milestones, we can see that FIO is a highly promising coin and furthermore, the FIO Protocol is an innovative blockchain project with a great community and thriving ecosystem of valuable products.
• Otherwise, feel free to try out one of the many fully-integrated products already available.

To become a BP, any individual or entity can register, but they must secure enough votes to be selected. Once elected, BPs produce blocks every 0.5 seconds, each BP responsible for six blocks in a round of 126 blocks. The selection of block producers is geographically distributed to optimize performance and minimize latency. This structure ensures a robust and efficient block production process, which is crucial for executing transactions and maintaining the network’s integrity. The FIO Chain leverages the industry-leading Antelope tech stack, known for its speed and setting up bitbucket webhook jenkins integration scalability, ensuring that the network can handle a high volume of transactions efficiently. As a fully decentralized public blockchain, the FIO Chain is maintained by independent Block Producers (BPs) from around the globe, reinforcing the protocol’s commitment to decentralized governance.

FIO Protocol vs Other Human Readable Domain Protocols in Web3

Users want to see their bundled transaction count to see how many FIO transactions they have left, and to know when they will need to renew their FIO Address or purchase more bundles. FIP-25 makes it easier for wallets to display to users their remaining bundled transaction count. In May 2021, Moonstake further enhanced its corporate credibility by becoming a wholly owned subsidiary of OIO Holdings Limited, a company listed on the Singapore Stock Exchange. BPs are also prohibited from sharing fees in exchange for votes to maintain the integrity of the DPoS system. Instead, they are incentivized through block rewards, ensuring their focus remains on creating value for the network rather than engaging in value transfer. Each BP submits its desired fee amounts for blockchain interactions, with the final fee set at the median of all submissions.

For cryptocurrency users who value self-sovereignty, the decentralized FIO Protocol is an ideal solution that also mitigates the inherent risks of using long and complex public keys. The project’s global vision is to simplify cryptocurrency solutions and make them more accessible to anyone and everyone with simple FIO addresses and tools for creating transfer requests and managing data. In addition, the community is currently working to ensure that FIO coins can be aggregated. The FIO token powers the FIO Protocol, facilitating transactions and governance on the blockchain. Its maximum supply is capped at 1 billion units, of which 760 million (76%) are already in circulation (May 2024). If a user has used all of her free transaction quota before the next year, she could choose to renew her yearly subscription early with another FIO token payment, or to pay transactions individually going forward.

In particular, many of these protocols have run into scaling/throughput issues when a single application overwhelms the capacity of the entire chain. Both FIO Domains and FIO Addresses are non-fungible tokens (NFTs) that are owned by a FIO Public Key. Moonstake is the world’s leading staking service provider that develops and operates decentralized wallet services for businesses and individuals. Welcome to this edition of 101 article exploring one of the staking coins on Moonstake. A FIO Address has a default yearly fee in FIO tokens, and is bonded with 100 free transactions. As the cryptocurrency market continues to evolve, investors are constantly seeking the next big opportunity.

FIO addresses are non-fungible tokens (NFTs) that consist of a username and a domain, such as cryptofan@cmc. In addition to the typical money transfer, the network allows users to make money requests in their applications. This network uses the delegated-proof-of-stake (DPoS) consensus algorithm to keep your network running smoothly and securely. Currently it is possible for wallets to retrieve all received FIO Requests in the pending status and all sent FIO Requests, but there is no way to fetch all received FIO Requests irrespective of status. This limits a wallet’s how to buy monero stock ability to properly display all of a user’s FIO Requests and their respective status.

Registering FIO domains and FIO addresses require tokens to be paid directly to the blockchain. The overall experience allows users to interact with human-readable addresses when sending and receiving cryptocurrency and never have to see a long, complicated string of characters in a public key. This provides a familiar financial interaction they’ve come to expect from the traditional centralized and controlled financial ecosystem but in a decentralized, self-sovereign way. There are even some FIO-enabled products and services which offer, in partnership with the Foundation for Interwallet Operability, free FIO addresses paid for by the foundation. With FIO-enabled products, crypto users can send, receive and even request crypto payments for any token or coin to their very own human-readable crypto wallet handle — a FIO address — and do so in a way that’s joyful. The FIO Protocol (Foundation for Interwallet Operability) is a decentralized service layer designed to enhance the usability and functionality of blockchain networks.