The primary characteristic of the FandomChain mainnet is to assist the transaction of two,000 TPS(throughput per second), which is far greater than Ethereum (23 TPS) or Bitcoin (7 TPS). As well as, the common time between block creation and transaction affirmation is 3 seconds, which is quicker than Ethereum (about 15 seconds) or Bitcoin (about 10 minutes).
Among the many numerous consensus algorithm strategies, PoSV (Proof of Stake Voting) is adopted to assist equity with a secure node ecosystem centered on grasp node operation and round-robin method voting. It helps all Ethereum good contracts by making use of the general public Ethereum digital machine (EVM, Ethereum Digital Machine) improvement atmosphere.
Scalability, which is identified as the most important drawback as a latecomer among the many mainnet, is to be solved by its personal bridge service. To unravel this drawback, Hanryu Financial institution will assist a bridge to be swapped between Ethereum and BinanceChain.
Hanryu Financial institution additionally introduced that the mainnet may also present a digital transformer consulting service in order that start-ups who need to difficulty tokens by the FandomChain mainnet can simply difficulty their very own tokens and rework their enterprise into blockchains. A particular roadmap schedule for the service can be newly introduced together with the launch of the mainnet.
Hanryu Financial institution stated, “Many individuals in the identical trade beneficial an ERC20 token, which is straightforward to difficulty and develop to checklist on exchanges, however We constructed our personal mainnet with the only real function for the develop-centered and respected challenge even when it prices a lot time and price range.” “So now, It’s doable to difficulty NFT and we will count on scalability by the bridge and earnings from the community transaction charge, which is the fundamental revenue construction of the blockchain mainnet.”
He continued, “After the launch of the mainnet, we plan to launch a brand new roadmap for FNS Financial institution pockets, a Dex Pockets that may be linked with Metamask, and NFT (non-fungible token) providers, so please look ahead to it.”
In the meantime, the primary service utilizing FandomChain would be the Hanyru fandom community platform FANTOO, which has been actively conducting its enterprise in 175 international locations with supporting fan membership creation, social karaoke, real-time translation, messenger, and stay broadcasting.
Hanryu Financial institution Co., Ltd., established in 2018 to disseminate Ok-culture, presents new instructions equivalent to finance, media, and AI to Hallyu tradition, which is barely outlined as leisure. Hanryu Financial institution operates the legacy media Hanryu Occasions and the IT platform FNS.
The primary blockchain challenge ‘FANDOM CHAIN’ is a public blockchain can be launched (deliberate) in August 2021 and has constructed its personal mainnet. Primarily based on this, Hanryu Financial institution plans to strengthen and increase the blockchain to IT platform enterprise fields, equivalent to supporting the event and linkage of Dapp with FNS Financial institution, a blockchain-based dex pockets, token issuance assist, NFT (Non-Fungible Token) assist, and numerous providers.
SOURCE Hanryu Financial institution