Unlimited transactions per second
The Fincor blockchain ensures the highest transactional speed and accuracy by offering authorized network participants instantaneous and fully transparent access to data in an immutable register. Fincor uses its own new concept of blockchain technology that allows
PoW, DPoS, PoS, pBFT interoperability
The PoU consensus engine allows interactions between blockchains built on the PoW, DPoS, PoS, pBFT and other consensus mechanisms to happen far more easily and securely. The interoperability on the Fincor network is at Layer-1, allowing direct cross-chain interactions without utilizing any centralized mechanisms. Additionally, Fincor can carry out cross-chain transactions, autonomously updating the state of the PoU consensus mechanism based upon the verification of transactions received through the receiver’s network – all without compromising the speed of the system.
AI-powered PoU сonsensus algorithm
With an AI-powered PoU consensus algorithm, our blockchain has a much higher real-world scalability, decentralization and security which also allows it to solve a major interoperability problem. AI-powered PoU consensus allows seamless connection between different blockchains – private and public, at Layer-1 and Layer-2 – to conduct both crypto and non-crypto activities. The Fincor PoU hybrid consensus unites and supports PoW/PoS/DPoS/pBFT.
Augmented security
There are many blockchain security issues. We can deal with most of the attacks as well as double-spending, DDoS, off-chain implementations, poorly written code and other Sybil attacks. In addition, Fincor implemented a multi-pool node system: each of the node pools has a special task in controlling the Fincor blockchain and guaranteeing its security.
Take a look at our Fincor Blockchain Explorer
Fincor blockchain
Ethereum virtual machine (EVM) support
EVM support enables the Fincor chain to conduct Ethereum standard transactions. Fincor users can write and execute Ethereum standard smart contracts directly on the PoU protocol using the Fincor chain. Ethereum standard support also allows compatibility with EVM libraries and nodes such as GETH and Web3.js. The address mechanism of EVM is one-way HEX key encryption for address generation.
Inter-chain communication
Cross-chain communication is the first of its kind true interoperability of the PoU protocol. This cross-chain communication will be present at Layer-1 of the PoU protocol whereas the transactions to/from PoU-based running chains (including Fincor) can be done on chains running on other consensus engines such as PoW, PoS, DPoS, etc. Cross-chain communications are direct on-chain account-to-account transfers with no need for any centralized authority to carry out the transactions. Fees for such on-chain transfers are based on fees used by the utilized network.
Cross-сhain сompatibility
Cross-chain communication is the first of its kind true interoperability of the PoU protocol. This cross-chain communication will be present at Layer-1 of the PoU protocol whereas the transactions to/from PoU-based running chains (including Fincor) can be done on chains running on other consensus engines such as PoW, PoS, DPoS, etc. Cross-chain communications are direct on-chain account-to-account transfers with no need for any centralized authority to carry out the transactions. Fees for such on-chain transfers are based on fees used by the utilized network.
PoW/PoS/DPoS/pBFT support
This consensus support allows the interlinking of PoU with other consensus engines. Rather than giving compatibility to specific blockchains, the use of direct consensus support allows overall generalized consensus support: even chains using different consensus models can be compatible to run their nodes on the PoU network or bridge them to PoU consensus. The consensus support is critical in achieving the overall cross-chain transactions compatibility.
Scalability
The architecture of Fincor allows it to be ultra-scalable thanks to PoU parallel multi-network communication and nested gossip schemes which enable efficient data transfer within the network. The Fincor block size is dynamic – depending on the network’s conditions/health, the block dynamically modifies to efficiently store the data. The scalability of the Fincor chain applies both on the network and consensus levels.
Hybrid
Private chains that run on the PoU protocol can use the Fincor network directly at Layer-1 and Layer-2 to conduct their activities. In addition, they can use public nodes to store data while keeping the confidentiality of the transactions. The latter is possible thanks to permission-based data storage whereas node operators can never access the stored data because only private chain owners or operators hold specific/unique keys that are required to access or restructure stored data.
Interoperable
Fincor’s interoperability will be ensured by the PoU protocol that enables compatibility with other consensus engines. This interoperability will allow Fincor users to conduct cross-chain transactions and asset conversions directly on Fincor’s chain.
IoT support (R&D)
Fincor’s architecture allows the use of its network on various smart devices. Fincor’s Smart Node service is not demanding in terms of hardware specifications, it uses fewer blockchain nodes than other networks, and it can even run on Arduino Modules. The IoT support will also enable the Fincor public network to be operated directly from smart devices. For this purpose, Fincor Smart Node (FSN) will be able to operate on systems with as low as 1 GB data storage and 1 GB Random access memory (RAM). The only requirement for the operators is to have good network connectivity. Operators of smart nodes can also run their own parallel LAN networks and achieve bidirectional communication with the public network. Hint: you will be able to run Fincor Smart Node on your smartwatch.
Artificial Intelligence (AI) and Machine Learning (ML) support (R&D)
Fincor network aims to provide the world’s first decentralized AI-based service running on the PoU protocol. AI/ML services in the IT industry are maintained on centralized servers. Fincor aims to change that by providing decentralized AI mechanisms where the AI/ML algorithms can be executed on GPUs running on the PoU protocol. Researchers and developers can even have a mechanism to share their algorithms or data with the community in a decentralized manner. Within Fincor’s architecture, the PoU protocol is interconnected with Artificial Intelligence as AI algorithms (e.g., AI agents) are being used at multiple levels in the consensus to operate the entire network.