There is a common knowledge among all of us that mobile mining of any cryptocurrency is one of the most hardest things to do while most of the cryptocurrencies with their own blockchain are still not compatible with daily use like using mobile application to pay for goods, pay for electric, internet bills. While mining on phone would only damage the device because mining on a GPU or super computer requires a lot of power supply, electricity and use of graphics card with a high number of RAM. It'd be quite right to say mining is not just worth it on mobile devices until now. If we consider that a high energy costs with potential data fees plus lack of device's power then we can say mobile mining has been a very difficult and inefficient if we're mine on mobile devices and try to earn some cryptocurrency.
Yes my friends. Today I am going to talk about a new cryptocurrency project which has successfully released their own blockchain and are already attracting so many investors with their vision of a cryptocurrency based on their own blockchain which is specifically design for payment ecosystem and mobile mining!
Fiiilab has developed their blockchain and the whole ecosystem which will pave the way for cryptocurrency users to pay for goods with Fiiilab's made mobile application while the user or miners who have been longed for an user-friendly mining mobile mining gateway are going to have that opportunity through the Fiiicoin blockchain. What I've gathered from their whitepaper and the yellowpaper is that modern day smartphone users will be able to participate in maintaining whole blockchain network without relying on expensive mining machines and graphic cards or GPU. This whole process is going to give a good sustainability for the Fiiicoin blockchain because in this way the more people run the mining application (which has been developed as a easy to use on mobile devices) the blockchain will be more smooth and remain under a good maintaining. They know that mobile mining for a long time can hamper the phone because no phone is still available with a super power to use it for heavy works like computing the whole mining thing or in other word running a blockchain node. But Fiiicoin team have said that if users were to use a super fast internet connection while use FiiiCoin's developed DPoC system then the capability of running a full node can be done without sweating over the condition of the phone.
What is this DPoC?
Delegated Proof of Capacity or DPoC in short is an enhanced innovation by the FiiiLab to achieve the mobile mining capability while keeping the mobile device from being a full node and perform extensive block synchronization work! It is a peer to peer network architecture that will connect constantly with multiple nodes to synchronize data within the same network. This whole network will cover a lot of master nodes that are distributed around the world by Fiiicoin miners and then produced data synchronization service will help new nodes to find other nodes. This whole co-depending formula will reduce the possibility of heavy work on one single smartphone! FiiiLab has also developed a FiiiChain which will provide standard blockchain modules with the "plug-and-play" capability for developers to modify the blockchain characteristic based on the given business requirement which is related to use the FiiiCoin as a payment gateway.
As speaking of FiiiCoin as a payment gateway, we can also know that FiiiCoin has already released their FiiiPay mobile compatible application on Google Playstore and on Apple App Store. I have tested their FiiiPay app on my phone and I must have to say this is quite simply an astonishingly light app and very easy to use while the UI looks excellent.
Though as of now there are a very few countries are under the FiiiPay authorization. Though, FiiiLab says that their wallet and payment method will be globalized before the end of 2019 when they believe that the mainstream adoption of FiiiPOS and FiiiPpay in almost 30 countries around the world will be achievable. FiiiPOS's API is designed to be integrated with any website and online stores which made deals with FiiiLab and give users to pay the payment using FiiiPay in a very simple way. FiiiPay is not just going to support FiiiCoin because as they have said this wallet is going to be a multi cryptocurrency digital wallet. There are going to be almost 1500 cryptocurrencies compatible on the FiiiPay wallet which will ensure users to make the most of it with the coin/token they hold in their wallet to pay for goods no matter where he is from! With the FiiiPay app users can:
• Make payment to any merchant using FiiiPOS with any cryptocurency
• Deposit crypto
• Withdraw crypto
FiiiLab is trying to involve their whole blockchain ecosystem in various parts of the cryptocurrency world as the team has identified and visioned that soon the adoption of cryptoccurency among millions of people around the world is only becoming higher than before. So they want to use this opportunity to give the users all-in-one ecosytem experience by the productivity of Fiii blockchai's ecosystem. So they have included the following benefits in to their ecosystem:
• FiiiPay
• FiiiPOS
• FiiiChain
• FiiiEX
FiiiPOS (Point-of-Sales) is an all-in-one payment terminal which supports major global currencies coupled with the possibility of printing transactions receipts. This is a revolonutionary discovery by the FiiiLab group because this is one of its kind in all over the world. KYC proccedure needs to be done to use this system via FiiiPay and the team has said for a started only the valid merchant can use FiiiPOS! FiiiPOS can also be using for mining FiiiCoin.
FiiiEX is going to be cryptocurrency exchange which allows its users to trade digital assets with one another. The exchange will start with Bitcoin, Ethereum, FiiiCoin and it will be linked to FiiiPay so that FiiiPay users can easily convert any cryptocurrency among the holding funds he/she has in the wallet with the necessary cryptocurrency that he/she needs in a certain moment of transaction or making payment.
FiiiChain: This is the blockchain technology behind Fiii Ecosystem and serving as foundation for FiiiGroup's products and solutions. After doing so many years of research FiiiChain has been developed by the FiiiGroup.
Token Details:
Token Name : Fiii
Total Supply : 5,000,000,000
Total Coin for Sale : 420,000,000
Price : $0.12
Soft Cap : $15,000,000
Hard Cap : $40,000,000
FiiiCoin is currently being traded on Coinegg. Very soon Fiii will be available on one of leading cryptocurrency exchange called BitForex.
Team Members: FiiiGroup is coupled with some of the highly professionals from various field of blockchain technology and finance. As we can see from below picture that there are so many expertises leading this project.
Conclusion:
After reading about this certain project and observing the whole progress made by this team who are very active with their marketing tours around the world I can say this is a very good project with a lot of potential. FiiiGroup is targeting big markets like Chinese, Indonesian, Malaysian markets. Their project is very much welcomed in China as one of the team members said to me. They are a registered company in China, Malaysia and even in Australia. They recently lodged application for exchange license in Australia! Their Fiiipay and FiiiPOS hardware available for customers since May 2018. So this is already a hit project with over 20k orders for their FiiiPos and 350K plus registered users with KYC on their Mobile App! Right now DPoC mining through their FiiiPOS can be done and as well as mobile mining which will be launched in 2019. Looks like there are a plenty of reasons to get excited about this whole project. Let me know what do you think about this project in the comment section below.
For more information, you can visit FiiiCoin's official site and read their whitepaper. The links can be found below.
Website: https://fiii.io/
Whitepaper : https://fiii.io/images/doc/whitepaper.pdf
Yellowpaper: https://fiii.io/images/doc/fiiicoin.yellowpaper.v01.pdf
Ann Threads : https://bitcointalk.org/index.php?topic=5023403.0
Facebook : https://www.facebook.com/FiiiCoin-567803936934628
Twitter : https://twitter.com/Fiii_Coin
Github: https://github.com/FiiiLab/FiiiCoin
Linkedin: https://www.linkedin.com/company/fiii-lab
Youtube: https://www.youtube.com/channel/UC7qJ5DmWT81e0XWTvinwpwg
Telegram (Chinese): t.me/fiiicoin
Telegram (English): t.me/fiiicommunity
Author's Bitcointalk Username: Momoamzad
Author's Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1121927
Author's Linkedin Profile: https://www.linkedin.com/in/momo-amzad-46a88316a