Future of Electronic Settlement System


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INTRODUCTION

As the most popular and wildly used, centralized cryptocurrency exchanges have gathered a significant amount of influence over the years. The centralized exchanges control the power to make or break blockchain projects, and usually, they are the only businesses that remain lucrative regardless of the level of volatility and instability that the cryptocurrency markets experiences.

 The massive wealth and influence that centralized exchanges posses have led to serious unethical acts of market manipulation and exploitation that emphasize exactly the reasons why decentralized exchanges are needed now more than ever.

 A shocking information was brought to light by crypto Trader named Silvain Ribes, where he believes that far above $3 billion of all crypto assets’ volume are fabricated and unreal and that OKex, which is the number one exchange rated by volume is the main offender with up to 93% of its volume being fake.

 In addition, another trader points out the disturbing fact that the NASDAQ stock exchange only charges below $200,000 for listing mega companies, while a lot of centralized crypto exchanges are trying to charge more than $500,000 in listing fees.

 Cryptocurrency influencers and many other people all over the internet are beginning to share different bad stories about how centralized exchanges operates in the same corrupt manner as any regular centralized organizations that posses too much power and influence if they are left unchecked.

As more technological innovations are uncovered, FESS, the first decentralized platform addressing the shortcomings of the existing electronic settlement system came on board.

WHAT IS FESS?

Fesschain is the first decentralized platform addressing the shortcomings of the existing electronic settlement system. FESS offers a quicker and safer way to transact in an electronic environment through application of cutting edge technology. FESS blockchain is a multi layered system, in which each and every transaction before being recorded is verified either with its timestamp or the Bitcoin blockchain or both. FESS Chain will enable fragmented and parallel processing of transactions.
FESS is Mainstream Technology where Speed combines with Security not only theoretically but in practical means. Most of the projects running at present either claim to deliver speed or safety. None of them has sincerely found a solution for scalability where people can easily transact with supersonic speed or can run a DApp with the full potential. FESS dares to not only Work on this issue but also solve it.

THE OBJECTIVE

The primary objective of FESS Chain is to create a Universal Settlement System(USS) on their blockchain which offers both security and high transactional speed at the same time. Also, their platformance will be augmenting for a Fiat-less Economy and Integration of all possible practical use cases with blockchain.

THE BENEFITS OF FESS

FESS Chain offers a super secured multi-layered blockchain with a unique authentication which verifies every transaction with the highly diversified and secure Bitcoin Blockchain and/or the timestamp of that transaction. This makes their blockchain practically unhackable that too without compromising the speed.
FESS is combining Proof of Proof (PoP) methodology with AI and basic features of sharding into a new blockchain. FESS chain verifies every block with Bitcoin blockchain mined blocks, which makes FESS practically unhackable. Even if someone hacks into our blockchain, the very next block verifies back and returns where the original verified block was mined.

FEATURES OF FESS

  1. Trust and Transparency :- The complete decentralized architecture on FESS instills the much needed trust and transparency within all transactional networks.
  2. Security:- A double layered authentication method of transactions, based on blockchain technology makes it virtually impossible to hack into Fess system.
  3. Speed:- The unique parallel processing algorithm ensures 450-900 transactions per second(TPS), way ahead of existing solutions.
  4. Diversity:- Fesschain platform through its token powers individuals and business for their various needs.

ROADMAP AND DEVELOPMENT PLAN

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THE FESS TOKEN

Token Details
Token name: Fesschain
Ticker: FESS
Type: ERC20
Total supply: 10 billion
Total initial supply: 650 million
Price: $0.01
Minimum investment: 1 ETH
Accepted currencies: ETH, BTC, NEO

THE TEAM

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FOR MORE INFORMATION

PUBLISHER WALESODIYA

BitcoinTalk: https://bitcointalk.org/index.php?action=profile;u=2160355
0xd5138067078B32BA7800b399bC77C49deaA3f2f5

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