FiiiCOIN ICO Details CryptoCurrency exchange platform

4 min readNov 13, 2018

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Hi Everybody! How are you ? Hope you are well. Today I am coming to you with a great project this called FIII Coin. I will tell you about its more details. FiiiCoin is a transaction network. It is a strong ico cryptocurrency. Now I am start to say about this cryptocurrency.

What is FiiiCoin :

FiiiCOIN, a cryptocurrency created with long-term stability and commercial viability in mind, is designed to overcome all these limitations — and in a brave new world of borderless spending, it is set to redefine how cryptocurrencies are used, processed and managed altogether.

Fiiicoin P2P Network :

FiiiCoin network is based on P2P (Peer-to-Peer) network architecture which constantly connect to multiple nodes within the same network to synchronize data. P2P network means each computer in the same network is identical, same privilege and authorization to communicate with each other in flat topology. In addition to peer-to-peer protocols, FiiiCoin network also include additional custom gateway protocol to provide routing service to enhance the efficiency of P2P network connectivity, so that it can help newly added nodes to the network can quickly access to other nodes.

Why FiiiCOIN?

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.

Project Description

Filecoin will be a decentralized storage network utilizing IPFS for data storage and retrieval and Ethereum for blockchain and smart contracting functionality. The Filecoin network will operate as a decentralized, open marketplace for storage services. The marketplace is structured in much the same way that an asset exchange is: buyers and sellers are anonymously matched based on the price they are willing to execute a deal. The Filecoin marketplace will serve two primary user groups.

Clients: Clients are users of the network’s cloud storage services. They can be individuals, companies, developers, organizations, or blockchain apps.
Filecoin miners: Miners contribute storage resources to the network and host client data. Filecoin miners must make a deposit in proportion the amount of storage space they contribute.

The product for sale in the Filecoin marketplace are units of spacetime, a specified quantity of data stored for a specified future amount of time. Clients are matched with miners who can meet their spacetime needs. In turn, miners compete with each other to provide clients with the most spacetime at the lowest prices. This marketplace model distinguishes Filecoin from Storj which employs a tiered subscription price model, currently a standard in the cloud storage industry.

The Filecoin marketplace is split into two sides: the storage market and the retrieval market.

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.