Blockchain built for performance

Blockchain built for the finance industry. The way it's meant to be.

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Real-time payments

With 10.000 transactions per second, Fincor FCP protocol will offer near real-time transactions. Dynamic sharding will allow Fincor to go beyond and beat transaction speeds offered by current leading global payment networks.

Near costless transactions

Fincor Consensus Protocol based on the Federated Byzantine Agreement and supplemented by sharding technology will enable near costless* transactions within the Fincor ecosystem. It will provide more favorable conditions for third-party dApps developers and IoT applications.

* target average transaction price is 0.00001 FNR

Ease of use

From mom-and-pop stores to global corporations - anyone will be able to create and execute smart contracts via user interfaces and apps provided natively by Fincor or our third-party developers. No need for programming or extra staff.

IoT friendly

Fincor is implementing an IoT network for providers to integrate their IoT-based solutions through a specialized API. It allows Fincor to automatically integrate data from various IoT devices and implement an automated micropayments system. Fincor will enable a distributed system for interactions between IoT devices sensors and Fincor’s financial ecosystem.

We build powerful & smart financial services

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FCP consensus protocol

Federated Byzantine Agreement & FCP
The Federated Byzantine Agreement allows distributed systems to reach a consensus on efficiency, standard cryptographic security and flexibility while designating trusted participants. The Federated Byzantine Agreement (FBA), on which our platform will be based, will allow us to achieve a decentralized consensus, with all traditional advantages of the Byzantine Agreement, while forming quorums from individual participants' trust groups.

To construct the FBA consensus mechanism, we will use the Fincor Consensus Protocol (FCP) which will ensure optimal security by protecting the blockchain from fraudulent participants. Unlike other protocols (PoW/PoS), FCP doesn’t require substantial computing resources which together with the open network membership provides a basis for the organic network growth.

Blockchain deployment

Configuration and optimization of the testnet based on the preFCP protocol

At this stage, we will create a network to test the preliminary version of our native preFCP protocol and optimize the core to increase the number of transactions per second (TPS). We will test the entire system for maximum compliance with the architecture and tasks of our blockchain requirements.

Creation of a Duplication with validator nodes on the PBFT (Practical Byzantine Fault Tolerance) consensus protocol (beta version)

At this stage, we will create and conduct tests of the beta version of the Duplication which ensures the functioning of the system of validation and distribution of nodes in shards using the PBFT consensus protocol (Practical Byzantine Fault Tolerance).

Creation of a Duplication layer with validator nodes on the PBFT (Practical Byzantine Fault Tolerance) consensus protocol (final version)

At this stage, we will launch the final version of the Duplication layer for the test network of our own FCP consensus protocol.

Customization and optimization of the Mainnet (mainnet) based on the preFCP protocol version

At this stage, we will be able to provide first users with access to the protocol functionality, and they will be able to enjoy all the benefits of all the services integrated into the Fincor platform: banking, fiat/cryptocurrency exchange, DEX exchange.

Configuration and optimization of the testnet based on the full version of the FCP protocol

At this stage, we will test the entire network with the use of sharding technology – to expand the system bandwidth and increase the number of transactions per second (TPS) to 10,000 transactions.

Customization and optimization of the Mainnet (mainnet) based on the FCP protocol version

At this stage, we will provide users and developers with access to a full-fledged version of the FCP consensus protocol for interacting with platform-integrated services.

Configuration and optimization of the Internet of things (IoT) network

At this stage, we will create an optimized API for integration by IoT solution providers.

The launch of new generation smart contracts

At this stage, we will make smart contracts available for everyone. Thanks to a special form (algorithm) on the site, any user (developer, entrepreneur) will be able to quickly create a smart contract on his/her own, using one of the available templates.

Next generation blockchain

Developing blockchain using dynamic sharding and Lightning network technology.

The implementation of dynamic sharding technology will allow our blockchain to transfer shards between nodes in accordance with traffic. This will allow us to increase the number of transactions per second to the level of the leading international payment systems with guaranteed increased security when making transactions.

The use of the Lightning network technology will allow users to create payment channels between any two parties at an additional level without having to write each transaction to the blockchain registry. Thanks to this, transactions will be executed almost instantly with users will enjoying lower commissions.

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