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.
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