Home Blockchain Hanryu Bank announces launch of blockchain mainnet ‘FandomChain’ in August

Hanryu Bank announces launch of blockchain mainnet ‘FandomChain’ in August

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The primary function of the FandomChain mainnet is to help the transaction of two,000 TPS(throughput per second), which is far increased 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 varied consensus algorithm strategies, PoSV (Proof of Stake Voting) is adopted to help equity with a steady node ecosystem centered on grasp node operation and round-robin method voting. It helps all Ethereum sensible contracts by making use of the general public Ethereum digital machine (EVM, Ethereum Digital Machine) growth 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 resolve this drawback, Hanryu Financial institution will help a bridge to be swapped between Ethereum and BinanceChain.

Hanryu Financial institution additionally introduced that the mainnet will even present a digital transformer consulting service in order that start-ups who need to concern tokens by the FandomChain mainnet can simply concern their very own tokens and remodel their enterprise into blockchains. A particular roadmap schedule for the service might be newly introduced together with the launch of the mainnet.

Hanryu Financial institution mentioned, “Many individuals in the identical trade advisable an ERC20 token, which is straightforward to concern and develop to record on exchanges, however We constructed our personal mainnet with the only objective for the develop-centered and respected challenge even when it prices a lot time and price range.” “So now, It’s doable to concern NFT and we are able to anticipate scalability by the bridge and earnings from the community transaction price, which is the essential 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) companies, so please stay up for 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 dwell broadcasting.

Media Equipment

Hanryu Financial institution Co., Ltd., established in 2018 to disseminate Okay-culture, presents new instructions comparable to finance, media, and AI to Hallyu tradition, which is simply 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 might be launched (deliberate) in August 2021 and has constructed its personal mainnet. Primarily based on this, Hanryu Financial institution plans to strengthen and develop the blockchain to IT platform enterprise fields, comparable to supporting the event and linkage of Dapp with FNS Financial institution, a blockchain-based dex pockets, token issuance help, NFT (Non-Fungible Token) help, and varied companies.

SOURCE Hanryu Financial institution

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