FESS PROJECT OVERVIEW

BRAINERDPAUL

Over the years, there has been a tremendous and appreciable evolution of the way business transactions take place between merchants. Financial transactions has gotten much more easier since the invention of computer which helps in the digitization of financial data and the internet that has facilitated electronic commercial activities (e-commerce) all around the world.

Just think about how much the queues in bank counters have reduced in terms of customers coming to withdraw money and you would appreciate the advancement in the financial world. People embraced the e-transaction for it was quicker and convenient. I can stroll the banks on Sundays to withdraw using my ATM card, no hassles or issues of standing over the counter.

However, there is the need of man. Economics taught us that the needs of a man are "insatiable"; the more he has the more he wants. It has to be better!The e-transaction were ok but there were problems it faced:

• limited amount of bank transactions.

• the system was not secure and cybercriminals thrived

• lack of anonymity.

These problems had to be solved and this led to blockchain technology.

The Blockchain

Blockchain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.

The blockchain had it's upsides

• digital currency had no counterfeit and so fraud was impossible.

• It is decentralized and this is makes it for any central authority to manipulate it.

Here is the deal, with this in mind i will be introducing you to a revolutionary platform that has been developed to revolutionize the electronic settlement industry.

ABOUT FESS

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.

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.

Fesschain have created a decentralized platform that will solve all your electronic settlement woes. Existing systems on operational blockchains are crippled with huge network load, and hence they are vulnerable to security threats apart from being obnoxiously slow.

The uniquely designed blockchain makes best use of Artificial Intelligence and other such advanced authentication methods. Thereby, it dares to promote secure and safe transactions of any volume all across the globe.

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.

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.

Unique Features of Fesschain

Trust and Transparency

The complete decentralized architecture on FESS instills the much needed trust and transparency within all transactional networks.

Security

A double layered authentication method of transactions, based on blockchain technology makes it virtually impossible to hack into Fess system.

Speed

The unique parallel processing algorithm ensures 450-900 transactions per second(TPS), way ahead of existing solutions.

Diversity

Fesschain platform through its token powers individuals and business for their various needs.

Why choose Fesschain?

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.

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

Token Distribution