TokenPocket Blockchain Education Series: What is FIO?

TokenPocket currently supports ENS and FIO protocols. It’s convenient to use decentralized address services to proceed daily operations. So what is the difference between FIO and ENS? What are the unique advantages of FIO?

What is FIO

Similar to ENS, FIO is also a decentralized address service. It is like a bridge connecting wallets, exchanges, encrypted payment acceptors and other applications. The FIO protocol aims to reduce the threshold for new users to enter cryptocurrency by abstracting the understanding of public addresses. Users can use FIO addresses that similar to email addresses, which saves the trouble of using public addresses. The vision for the FIO Protocol is that newbie users don’t even need to know the existence of a public address to facilitate transfers.

Imagine that if your wallet address is no longer 35 digits long, but a FIO address like demo@edge, isn’t it cool to have a private customized wallet address?

What are the advantages of FIO?

User-friendly: Allow users to initiate transactions with easy-to-read and easy-to-remember identifiers (e.g. “tp@tokenpocket).

Decentralized: Supported by the public chain, there is no need to rely on third-party centralized solutions.

Interoperable: Once integrated into the wallet, the FIO protocol can be used with any blockchains and cryptocurrencies, without the need to integrate with these chains.

Prepared for E-Commerce: Enable payment request function (i.e. wallet-to-wallet order demonstration) for each transaction and simple refund process, as well as complete, unchangeable and private metadata.

Is FIO safe?

FIO is completely decentralized, autonomous and private. All FIO protocol transactions require the FIO private key, which is stored in the user’s wallet.

User privacy is extremely important. FIO encrypts requests and OBT records, so the information cannot be viewed in plain text on its blockchain. Whenever an FIO request or OBT record occurs in the storage onchain, the FIO addresses of both parties will not be encrypted and stored, and security is guaranteed.

How to use FIO in the wallet?

TokenPocket currently supports multi-layer transfer of FIO Addresses. In the three major public chain wallets of BTC/ETH/TRON, you can enter FIO Addresses for making transactions

Taking Ethereum as an example, after directly entering the FIO Address during transfer, the receiving address will automatically generate the corresponding ETH address and FIO’s mark for users to verify. Other transfer steps are no different from ordinary transfers.

Learn more about FIO

Currently, TokenPocket wallet does not support FIO registration. If you are interested, you can learn how to register FIO from the link below.

https://kb.fioprotocol.io/user-guides/user-guides/

For users who are interested in FIO can also search for FIO in the DApp browser of TokenPocket or move to FIO’s official website: fioprotocol.io to learn more about FIO.

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