FESS Chain: Future Of Electronic Settlement System

charingane
4 min readJun 3, 2019

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Introduction :

The blockchain technology has been revolutionary in many aspects. Right from its inception, there has been tremendous hue and cry about the technology & how it can optimize the age old system of record keeping into a more trustable form.
Blockchain is not yet in its most refined version and here are a couple of shortcomings which cannot be avoided, if we wish blockchain to be adopted in the mainstream.

About :

FESS Chain is the first of its kind public blockchain which is specifically designed to circumvent the existing loopholes in blockchain technology and craft it in a manner suitable for mass adoption. As we have already stressed on the lack of security and scalability in existing blockchains, FESS Chain focusses on both these aspects. We have come up with a simple, unique yet effective solution to these drawbacks.

We acknowledge the fact that, while most other blockchains are unviable for practical applications, the Bitcoin blockchain is extremely diverse and robust, which essentially makes it impossible to hack into. Thus, we have harnessed the superiority of Bitcoin blockchain in terms of security and integrated it with FESS Chain to come up with the most trustable blockchain in the market. We further sport a unique authentication method of transactions, which essentially deems our blockchain impossible to be hacked.

WHY FESS?

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.

What’s New with FESS?

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.

FESS Chain and Sharding :

Objectives :

Our vision at FESS Chain is to serve this growing demand by harnessing blockchain technology and coming up with unique and practical use cases backed by a robust technical architecture. To be more specific our objective at FESS Chain is to accomplish the following:

✪ To create a universal settlement system on our blockchain which offers both security and high transactional speed, while maintaining a decentralized workflow.
✪ To execute a decentralized fiat-less economy through our blockchain.
✪ To optimize and secure all supply chains to our blockchain.
✪ To build a decentralized exchange for all kinds of goods and services; basically optimizing the age-old barter system through advanced.

Possible Applications :

FESS Chain we are looking to tap all possible opportunities and optimize them using our blockchain. Our in-house Dapps will be a source of innumerable use cases. Online Fitness Training Application, an exclusive Supply Chain, a content sharing platform are a few that we have started off with. As we roll out further documentation, we will explain all these use cases and more in detail.

Token Details :

RoadMap :

Team :

Links:

🔗 Website : https://fesschain.live/
🔗 Twitter : https://twitter.com/fesschain
🔗 Telegram : https://t.me/fesschain
🔗 Reddit : https://www.reddit.com/r/fessOfficial
🔗 Bitcointalk : https://bitcointalk.org/index.php?topic=5138929
🔗 Medium : https://medium.com/fesschain

Bitcointalk username : kusanagi01
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=1806798
ETH Adress : 0x42C975dDC7d7e9757f246DDAE552F63A5b4429F7

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