Review on FIO Protocol by Jorge Hernández
consolidating blockchain services
The efficiency of a crypto platform can be measured by its ease of use and its functionality when executing online transactions.
Many users of the electricity trade choose to use a platform that allows them to access various financial services from the same infrastructure.
In this case, FIO PROTOCOL is the ideal choice. This cryptocurrency gives its users the possibility of using their cryptocurrency as a form of electronic payment, as an investment instrument to exchange for other currencies on exchange platforms and provides them with a secure wallet to store and manage their bonds easily and efficient.
What valuable characteristics can we highlight from this ecosystem?
• It is a fast protocol to send and receive digital money
• It has its own FIO token, which has two basic functions: it serves as fuel for the payment of transaction fees and is used in the network's consensus system
• Uses the DPoS (Delegated Proof of Stake) consensus protocol that allows the management of large volumes of data on the platform
• Miners do not receive rewards for block production but for network usage fees
• Allows you to identify your users' operations with smart tags
• Uses mechanisms for requesting funds from other users than from compatible wallets
• It uses a notification system and simple approvals in operations
All these qualities describe FIO PROTOCOL as an ecosystem with an easy interface and efficient functionality of efficient digital asset management services on its platform.
Pros
- Simplify digital money transfer
- It is a protocol that works without control or intermediaries
- Offers within the same infrastructure; wallet, payment gateway and exchange platform
- Offers notification systems to its users instantly
- Offers fast transaction approval systems
Cons
- Miners do not receive rewards for blocks produced, but for network operation fees
