🚀Fesschain 🚀INTRODUCING THE FUTURE OF ELECTRONIC SETTLEMENT SYSTEM🚀

DENIS KOSENKO
3 min readSep 23, 2019

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We all understand what money is. Paper bills, metal coins of different values. We use these options on a daily basis, not realizing how much we have become hostages of this financial architecture. And become so because of financial resources facilitate the existence.

However, how did people exchange funds earlier? It’s simple. Instead of money, they used “Barter”, exchanging items or other valuable resources, food and so on.

Now barter is a kind of analogue of natural exchange in modern conditions. It has evolved over the centuries, and transactions between two or more parties have become quite commonplace.

Then, towards the end of the 20th century, the Internet came along, which facilitated this process and allowed us to interact with any entity around the world, eliminating the needs of any physical medium. However, the use of trusted third parties has always been part of this transactional procedure.

In other words, we have always depended on a centralized authority that would perform all financial transactions, as well as keep records.

Now, we have the opportunity to conduct transactions without intermediaries. This concept was introduced to us by Satoshi Nakomoto, early known as the Creator of bitcoin. Blockchain seemed to be the ideal solution for several large companies involved in electronic transactions.

It is possible to transfer anything of value through the blockchain, as well as store it securely and unchanged, making it almost impossible to damage or interfere with transaction records.

Based on this, the FESS team volunteered to solve important problems in the field of barter exchange by developing its decentralized solution of the electronic payment system.

Fess is a platform based on blockchain technology, which has been carefully designed by integrating artificial intelligence into the modern space of technological developments.
The architecture of the Fess blockchain is aimed at expanding the range of services with the help of a universal Neutrino framework.
In addition, the basis of these goals ensures the creation of an effective conjuncture between blockchain technology and solutions to real problems.

The main parameter which distinguishes Fesschain from other solutions is its basic structure and operational mechanism. This approach is designed solely to optimize existing solutions to improve safety, speed and scalability of awns.

Based on this, we can highlight the essential liver features of the FESS network:
1. Trust and Transparency, as the FESS architecture brings much-needed trust and transparency to all transactional networks;
2. Security, as this technology uses a two-level method of transaction authentication;
3. Transfer rate that will provide from 450 to 900 transactions per second;
4. Versatility, as FessChain allows businesses to take advantage of new technologies. Fess token is a service token, which complement the whole ecosystem FessChain. They will be useful in many cases, for example it can be used to pay various vendors who could potentially accept FESS in the future.

RoadMap

Project Team

For more information, please visit:

WEBSITE: https://fesschain.live
TELEGRAM: https://t.me/fesschain
WHITEPAPER: https://fesschain.live/images/azalea/white_paper_1.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=5138929
FACEBOOK: https://www.facebook.com/fesschain/
TWITTER: https://twitter.com/fesschain
MEDIUM: https://medium.com/fesschain
INSTAGRAM: https://www.instagram.com/officialfess/
REDDIT: https://www.reddit.com/r/fessOfficial/
YOUTUBE: https://www.youtube.com/channel/UCwxzGn-MGmJl2Lf8cPhRzwA

AUTHOR:
BTT USERNAME: cryptolord48
BTT PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=2591563
ETH WALLET: 0x4CAFBA8F5a03AF4377a685e7968f4d985Bb29921

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DENIS KOSENKO

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