What Is FIA Protocol (FIA)?

FIA Protocol (FIA) is a cryptocurrency with a concise blockchain. As mentioned in the whitepaper, existing cryptocurrencies hold hundreds of gigabytes of data; their blockchains increase in size with time. With FIA, the blockchain is claimed to always stay of the same size—about 22 kb (an image size) even if the usage grows. This suggests that participants can verify and sync the network quickly. This development is because of zk-SNARKs, which stands for “zero-knowledge succinct non-interactive argument of knowledge.” A zk-SNARK is cryptographic proof that lets one party confirm it possesses specific details without disclosing that information. This proof is possible by utilizing a secret key made before the transaction. 

Blockchain and cryptocurrency technologies have been around for more than a decade, and many people still don't understand the innovative technology behind it. The FIA Protocol was developed to solve this issue. Traders can keep the whole FIA blockchain history on any electronic device, such as laptops, phones, and even tablets. Another problem with cryptocurrency blockchain is the security. Transactions on the blockchain are unknown; however, one can track the transaction identity because of the unique entitled address. With FIA Protocol zk-SNARKs-implemented technology or zero-knowledge proof, the platform claims to have resolved such problems and made the blockchain anonymous.

FIA is the native token of the platform. The platform released the token on Binance Smart Chain. FIA tokens can be acquired in two ways. Firstly, the bounty program and the Airdrop traders receive a specific amount of FIA. Secondly, the traders trade FIA tokens in the presale, private sale, and public sale for the community globally.

History of FIA Protocol (FIA)

FIA Protocol’s team includes Alex Calic as the financial director, Ben David as the marketing director, Marc Morley as the company journalist, and Alex Trey as the manager.

The protocol launched its website and numerous social media accounts in the year 2021. In the same year, 2021, the platform released its whitepaper. FIA token sale was to begin in the fourth quarter of 2021, after which it claims to be listed on various crypto exchanges in 2022.