Every time a cryptocurrency transaction is made, the cryptocurrency miner is responsible for ensuring the authenticity of information and updating blockchain with transactions. The mining process itself involves competing with other cryptominers to solve complicated mathematical problems with cryptographic hash functions associated with blocks containing transaction data.
The first cryptocurrency currency seeker to break codes is rewarded by being able to validate transactions, and in return for services provided, cryptominers get a small amount of their own cryptocurrency. To be able to compete with other cryptominers, the cryptocurrency miner needs a computer with special hardware.
FiiiCoin was built using an enhanced version of the Proof-of-Capacity, Delegated Proofof Capacity (DPoC) consensus algorithm to achieve cellular mining capabilities while keeping mobile devices into full nodes and doing extensive block synchronization work. FiiiCoin was developed using blockchain technology that can be design at home FiiiChain.FiiiChain provides a standard blockchain module with plug-and-play capabilities for developers to modify the blockchain characteristic base on given business requirements, https://www.fiii.io/
Among the technology collections listed are FiiiPAY or FiiiPOS. Like FiiiPOS, FiiiPAY functions more than just crypto digital wallets compatible with multi-currency transactions and more than 1,500 cryptocurrency. Fiiipay also offers an efficient and convenient way for users to make payments and save money. While theFiiiPOS supports many functions such as NFC, Bluetooth, QR code scanning, GPS close-range payment and face recognition.
With FiiiPOS, users can share payment data securely even when offline because FiiiPOS is an offline payment service designed to receive custom data content broadcast by compatible smartphones that are powered by Bluetooth Low Energy patented technology from Fiii. Both FiiiPay or FiiiPOS can make payments when one of them is offline.
On the one hand, FiiiPOS & FiiiPay's unique selling point is an offline payment feature. This will encourage organic downloads for users who travel frequently and allow them to keep making payments even in remote places without access to a WiFi connection as long as one device is connected. on the other hand, FiiiPOS also offers Fiiicoin features which is a consensus algorithm of Delegated Proof Of Capacity (DPOC). Basically, FiiiPOS will generate FiiiCoins for unit owners.
FiiiCHAIN is a blockchain technology that supports the Fiii ecosystem and serves as the basis for products and solutions FiiiGroup is a product of research and development for many years by FiiiGroup to search for end blockchain technology. It was developed based on the Bitcoin blockchain but minus its weaknesses and with the addition of a number of features and enhanced capabilities.
FiiiCHAIN was developed from the basis of using C Sharp programming language, a widely known programming language that is popular among large companies. Displaying a dynamic layered approach to the Blockchain architecture, the FiiiCHAIN strategic component can be modified to suit certain applications. This versatile design allows FiiiCHAIN To support panoramic data coverage including transaction records, contracts, product serial numbers and more.
Whitepaper: https://fiii.io/images/doc/fiiicoin.yellowpaper.v01.pdf
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Authors: YarisRiyadi1st
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My ETH: 0x8B1820FB5829696cA5b595d09dF4e0F5757a97A7
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