The FIO Protocol is a decentralized payment solution founded by the Foundation for Interwallet Operability (FIO), a consortium comprising multiple wallets, exchanges, and payment channels. Dapix developed the protocol’s first version, and the project’s long-term vision is to become a Decentralized Autonomous Consortia (DAC). Featuring FIO Addresses, FIO Requests, and FIO Data, the protocol eases cryptocurrency transactions primarily by offering human-readable and unique blockchain domain names for crypto-wallets. The FIO Chain is the protocol’s underlying blockchain, secured by a Distributed Proof-of-Stake (dPOS) consensus. The FIO token serves as the ecosystem’s native fuel, usable for internal payments alongside several other popular cryptocurrencies. On Dec. 17, 2020, the protocol’s market capitalization is over $7.2 million. Out of the maximum supply of one billion, nearly 90 million FIO tokens are in circulation.
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