Home News Bitcoin Wallet Mycelium is the Latest to Join the Foundation for Interwallet Operability

Bitcoin Wallet Mycelium is the Latest to Join the Foundation for Interwallet Operability

3 min read

Mycelium, a cell Bitcoin pockets, has grow to be the newest addition to be part of the Foundation for Interwallet Operability (FIO).


The pockets joins the likes of ShapeShift, KeepKey, Coinomi, MyCrypto, BRD, and Edge who’re already members of the FIO.


With rising help amongst the FIO Protocol with exchanges, crypto fee processors, and wallets, it is aiming to increase blockchain adoption by decreasing the inconvenience, threat, and complexity of sending and receiving tokens and cash.


Alexander Kuzmin, founding father of Mycelium, stated: “Joining FIO and supporting the FIO Protocol makes complete sense because we believe it will be an important milestone in the wider adoption of cryptocurrencies.”


FIO’s decentralised, open-source blockchain protocol – being constructed by Dapix, which is working at revolutionising blockchain usability – is hoping to ship an enhanced layer of usability options for current and future wallets and exchanges.


According to an announcement, it would present a standardised set of open-source utility programming interfaces (APIs) and software program improvement kits (SDKs), which will be adopted into any pockets, trade or crypto fee processor. Additionally, all tokens and cash might be appropriate with the FIO Protocol.


On the FIO web site, Erik Voorhees, founder and CEO of ShapeShift, stated: “Crypto payments must improve if this technology is going to expand. FIO’s approach – decentralised, cross-chain, and with financial incentives to adopt – is exciting and we’re thrilled to support it.”


The FIO Protocol will start by specializing in three major areas of performance:


FIO Addresses – human readable pockets addresses, which work with all tokens or cash or trade help,


FIO Workflow – nearly error-free in pockets fee request initiated transactions, and


FIO Data – the capability to embrace non-public metadata on ship and obtain transactions throughout any blockchain.


Speaking of FIO’s potential, David Gold, the founder and CEO of Dapix, stated: “By making it user-friendly to move tokens around, the FIO Protocol will be a driving force behind cryptocurrency adoption for more than just alternative investment and we look forward to more key players joining us in 2019.”

Source link

Load More Related Articles
Load More By admin
Load More In News

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

‘Sell the House, Car and Kids. Buy Litecoin!’ CNBC Host Goes Crypto Crazy

Published: 29/05/2019 08:59 EST. Journalist: By CCN: Crypto-mania has as soon as once more…