FESS - The Fastest Electronic Transaction Platform

Every year electronic payment systems reach a new stage of development. The issue of payment through open networks has become important due to the rapid growth of electronic commerce in the last decade. Electronic payment systems should provide people with the necessary infrastructure to facilitate payments. Today EPS have become an integral part of trade and entrepreneurship.

In a world full of Internet technologies and new inventions the popularity of virtual or digital currency has been increasing for the last few years. The widespread virtual currency offers users a high level of anonymity, which is simply not possible in the case of credit and debit cards or traditional online payment systems.

Initially, the digital currency began to be used to purchase and sell virtual goods in various online communities: social networks, virtual worlds or online games. But to date, it is quite a profitable business, generating real income in the form of fiat currency.

The development of electronic payment systems will greatly simplify mutual settlements through the Internet. Electronic payment systems are organizations that issue digital currency, create and implement new methods for their distribution and provide all conditions for electronic financial transactions. Frequently, EPS are a part of large Internet companies, being an element of their business activity (for example, a currency of social networks, the Yandex.Money system, etc.). Any electronic payment system issues its own electronic finance corresponding to paper currency. Various EPS differ in levels of development, degrees of functionality, coverage, and intended purpose.

Blockchain technology being essentially decentralized with the underlying features of trust, transparency and security, has the goods to optimize the existing mechanism of electronic transactions and settlements. FESS Chain is dedicated for this purpose apart from numerous other sectors where application of blockchain technology could instill a culture of enhanced security.

Fesschain is the first decentralized platform addressing the shortcomings of the existing electronic settlement system. FESS offers a quicker and safer way to transact in an electronic environment through application of cutting edge technology. FESS blockchain is a multi layered system, in which each and every transaction before being recorded is verified either with its timestamp or the Bitcoin blockchain or both. FESS Chain will enable fragmented and parallel processing of transactions.

Fesschain have created a decentralized platform that will solve all your electronic settlement woes. Existing systems on operational blockchains are crippled with huge network load, and hence they are vulnerable to security threats apart from being obnoxiously slow.

The uniquely designed blockchain makes best use of Artificial Intelligence and other such advanced authentication methods. Thereby, it dares to promote secure and safe transactions of any volume all across the globe.

FESS is Mainstream Technology where Speed combines with Security not only theoretically but in practical means. Most of the projects running at present either claim to deliver speed or safety. None of them has sincerely found a solution for scalability where people can easily transact with supersonic speed or can run a DApp with the full potential. FESS dares to not only Work on this issue but also solve it.

The primary objective of FESS Chain is to create a Universal Settlement System(USS) on their blockchain which offers both security and high transactional speed at the same time. Also, their platformance will be augmenting for a Fiat-less Economy and Integration of all possible practical use cases with blockchain.

Features of Fesschain

Trust and Transparency

The complete decentralized architecture on FESS instills the much needed trust and transparency within all transactional networks.

Security

A double layered authentication method of transactions, based on blockchain technology makes it virtually impossible to hack into Fess system.

Speed

The unique parallel processing algorithm ensures 450-900 transactions per second(TPS), way ahead of existing solutions.

Diversity

Fesschain platform through its token powers individuals and business for their various needs.

Why choose Fesschain?

FESS Chain offers a super secured multi-layered blockchain with a unique authentication which verifies every transaction with the highly diversified and secure Bitcoin Blockchain and/or the timestamp of that transaction. This makes their blockchain practically unhackable that too without compromising the speed.