FutureFi A Decentralized Blockchain Build To Revolutionize Global Financial Operations

CALIFORNIA CITY, Calif. - May 6, 2022 - PRLog -- Blockchain technology has grown exponentially over the last decade. It has optimized how people transact and exchange value over the internet. It has revolutionized the concept of centralized storage by enabling decentralized record-keeping without any single point of failure. However, despite its tremendous scope, like any other technology solution, blockchain also has its own set of drawbacks. Most of these are related to scalability, thus hindering or delaying its mainstream adoption. Future's Finance has addressed these issues to develop solutions that can be implemented on a large scale across a variety of applications.

About FutureFi
Future's Finance is a high-end blockchain platform that leverages artificial intelligence and other cutting-edge technologies to optimize several use cases and applications across industries. In fact, it is an umbrella brand that has several products and services under it. It offers unique solutions for several use cases. The products under the FutureFi umbrella include - TradeBRO (a market-making substitute), CryptoxIN (a blockchain-based social media platform), FuFi Edge (a unique crypto wallet), and TradeKia (a discount derivative exchange), among a few others.

Future's Finance - Working Mechanism
The working mechanism of Future's Finance is based on two models. These are:
It incorporates fragmented and parallel processing of transactions. This essentially means that the FutureFi blockchain does not allow its main chain to handle all the transactions. This saves the main chain from getting jammed with transaction requests. Instead, it uses artificial intelligence to predict the load on the main chain and diverts some transactions to a side chain. This ensures that transactions are processed simultaneously without any delay. As a result, Future's Finance has developed the capability to process transactions much faster than most other blockchains. It aims to achieve 1 million transactions per second in the near future.

Another unique aspect of the working mechanism of FutureFi is its consensus algorithm. FutureFi uses the Proof of Authority consensus algorithm to validate transactions on its blockchain. Traditional consensus algorithms incentivize miners based on the size of their token holdings. This makes it slightly unfair for the network and introduces a certain degree of centralization of power. However, the PoA consensus algorithm requires a potential miner to stake their identity and validate transactions within the network. Hence, under this mechanism, everyone gets an equal opportunity to mine and earn rewards. Additionally, this mechanism needs a low number of validating nodes due to identity management constraints.

Closing
FutureFi has a tremendous scalability potential that can drive mainstream adoption of blockchain technology across multiple use cases and applications. The platform is powered by its native coin named FuFi.

For More information Visit: https://content.fufi.info