FiiiCoin - Decrypting Cryptocurrencies - Making Cryptocurrency Available to All, for All Purposes

davidtosin (8)in #cryptocurrency • 6 years ago

The revolution of cryptocurrency is amazingly spreading like wide fire and has been gaining a remarkable level of acceptance.

INTRODUCTION:

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are a kind of alternative currency and digital currency (of which virtual currency is a subset). Cryptocurrencies use decentralized control as opposed to centralized digital currency and central banking systems.

While this revolution of cryptocurrency is gaining wide acceptance, Fiiicoin, a mobile mining based designed transaction system where every Smartphone user will be able to participate in maintaining whole block-chain network without relying on expensive mining machines and graphic cards has arrived.

FiiiCOIN is developed based on FiiiCHAIN, a versatile, fully self-developed blockchain technology powered by its very own consensus mechanism DPoC (Delegate Proof of Capacity). Compatible with multiple terminals such as computers, smartphones, tablets and all FiiiGROUP-issued terminals, FiiiCHAIN DPoC paves the way for unprecedented participation in the cryptocurrency market where virtually any user with free storage or memory space is able to partake in the mining process.

PRESENTING FIICOIN

Fiiicoin is a mobile mining based designed transaction system where every Smartphone user will be able to participate in maintaining whole block-chain network without relying on expensive mining machines and graphic cards.

Furthermore, FiiiCoin is a transaction network specifically designed for mobile devices mining purpose only. The blockchain technology enable all mobile devices participate in maintaining the blockchain network while leaving it idle and charging battery instead of relying on expensive and powerful computer hardware running 24/7 to do the mining work. The main objective is to create a least effort way and promote re-using the existing available resources(mobile devices) together to take part in maintaining the blockchain. Even the non-IT people or non-crypto fans can easily learn and involve in mining as long as they at least have a smartphone.

In fact, smartphone or any other mobile devices are not suitable to be setup as a blockchain node. The reasons are the computing power is weak, storage capacity is limited to keep a full blockchain and battery powered device are not meant to be 24/7 running all time, and it requires high network bandwidth to synchronize blocks data. If the mobile device runs the node using 4G network, it will finish up all the bandwidth in no time.

FiiiCoin is built using an enhanced version of Proof-of-Capacity consensus algorithm – Delegated Proofof-Capacity (DPoC) to achieve the mobile mining capability while keeping the mobile device from being a full node and perform extensive block synchronization work. FiiiCoin is developed using an in-house built customizable blockchain technology - FiiiChain. FiiiChain provide standard blockchain modules with the “plug-and-play” capability for developers to modify the blockchain characteristic base on the given business requirement.

The PURPOSE

The main purpose of create this coin to re-utilize current resources especially mobile phones to take part in mining process. Even a non IT user or crypto Fan who do not have money to invest can able to earn some reward by just taking part in mobile mining system.

FiiiCoin Mining System

Smartphone devices are not good at mining due to their limited storage capacity, weak computing power, low battery due to which mobile device is not capable of maintaining block-chain network 24/7. For synchronizing data in block-chain system mobile networks require 4G technology and if we run up node then mobile can finish up all bandwidth in no time. Fiiicoin mining consensuses are proof of capacity and proof of delegated capacity algorithms that will achieve mobile mining and enable mobiles to fully synchronize with their network.

FiiiCoin Network Architecture

Fiicoin is a peer to peer network architecture that will connect constantly with multiple nodes to synchronize data within the same network. P2P mean that node connected to server has same privileges and communication capabilities that other have in flat topology. It will also provide other additional services to routing system that will enhance the performance of peer to peer network and new nodes will able to easily access to other nodes within the network. Fiiicoin network contain several master nodes that are distributed worldwide and providing data synchronization service and helping new nodes to find other nodes quickly. Similarly to bitTorent it also has a global tracker system that seeds all active nodes and provides all IP addresses to newly joined node.

The Ecosystem

FiiiPOS - It is the 'Point of Sale' (PoS) system hosted on the FiiiCoin ecosystem, with right now the world's solitary PoS terminal that is perfect with in excess of 1500 cryptocurrencies.

It bolsters host of features including 'Near Field Communication (NFC)', 'GPS', 'Code filtering', 'Bluetooth 4.0' and so on.

FiiiPAY - It is an e-wallet application which will bolster storage of cryptocurrencies alongside helpful approach to direct online and offline crypto exchanges (supporting in excess of 1500 cryptocurrencies).

It utilizes Bluetooth 4.0 Beacon Technology, a patented Bluetooth based payment system to broadcast custom data payload.

FiiiCHAIN - It is the blockchain technology underlining the FiiiCoin ecosystem.

FiiiEX - It is the computerized money exchange (DCE) hosted on the FiiiCoin ecosystem enabling clients to exchange cryptocurrencies.

Furthermore, FiiiEX will be connected with FiiiPAY to permit consistent integration for executing trades and getting up-to-date pricing

The Technology

Optimisation at Its Finest

FiiiCOIN is developed based on FiiiCHAIN, a versatile, fully self-developed blockchain technology powered by its very own consensus mechanism DPoC (Delegate Proof of Capacity).

Compatible with multiple terminals such as computers, smartphones, tablets and all FiiiGROUP-issued terminals, FiiiCHAIN DPoC paves the way for unprecedented participation in the cryptocurrency market where virtually any user with free storage or memory space is able to partake in the mining process.

About FIIICOIN Mining

The Fiiicoin group has said concerning their endeavor that it is gone for everyone. With an expansive and dynamic group that has contribution in various regions of business life, the fact of the matter is to raise this venture to a more lifted amount and to ensure that Fiiicoin transforms into a basic section in the domain of crypto. Another fundamental component of the platform is that there is the probability of mining on the wireless phone. Together these phones expect a basic job in the organic network of this work.

FiiiCOIN is made subject to FiiiCHAIN, a versatile, totally self-made blockchain advancement controlled by its very own exceptional understanding system DPoC (Delegate Proof of Capacity).

Great with various terminals, for instance, PCs, mobile phones, tablets and all FiiiGROUP-issued terminals, FiiiCHAIN DPoC gets ready for remarkable participation in the advanced cash advertise where in every practical sense any user with free storage or memory space can partake in the mining technique.

FiiiPOS is slated to dispatch the FiiiCOIN DPoC mining capacity before the final quarter of this present year, while the mining capacity will be taken off to FiiiPAY user wallet by second quarter of 2019.

The FiiiCOIN Advantage On Your Side

Envisioned as the ultimate “benchmark” cryptocurrency, FiiiCOIN was developed following in-depth studies of the design, structure, strengths and weaknesses of major leading cryptocurrencies. These insights were then translated into the design of FiiiCOIN, resulting in a cryptocurrency that is resolute and robust in design, possessing all the strengths of major cryptocurrencies yet without most of their weaknesses.

User-Friendly

Easy to use & simplified design

Borderless Spending

Accepted anywhere around the world, users no longer have to worry about acquiring local currency when travelling

Fast Transactions

Lower Transaction Fees

Users can freely use, accept, transfer or exchange FiiiCOIN as the transaction fees are attractively low

Everyday Usage Appeal

FiiiCOIN is poised to emerge as a daily use currency, accepted & available everywhere

Sustainable Mining

Lower energy consumption & better hardware reusability

Resistance to ASIC

Unique DPoC design where mining productivity is largely dependent on memory space rather than raw processing power

Safety & Security

Hosted in multiple servers across the world, our FiiiCOIN is less susceptible to hacking or other kinds of manipulation

Strong Commercial Base

Widespread use of various FiiiGROUP-issued hardware and solutions further adding to FiiiCOIN’s stability & commercial appeal

Excellent Flexibility

Any smart device with free space can perform mining (i.e. a smartphone on charge)

Accessibility

Any user with a smart device can participate equally in the FiiiCOIN market

Stability

With firm backing and proactive management from FiiiGROUP, FiiiCOIN prices will be less volatile

The FiiiEX Crypto Exchange

FiiiEX is a crypto-currency exchange that will allow users to trade crypto currencies online just like other present exchanges. Only the main different will be it will work under the FiiiGroup and supports FiiiPay and FiiiPOS through trading. Their exchange will be linked to their app to check out latest price or trade simultaneously.

Token Details

Coin Name : Fiii

Total Supply : 5,000,000,000

Total Coin for Sale : 420,000,000

Launch Price : US$0.12

Soft Cap : US$15,000,000

Hard Cap : US$40,000,000

Bonus: Available

Bounty: Available

MVP/Prototype: Available

Platform: Custom

Accepting: BTC, USDT