Fincor Blockchain — Seed Round

INSIDERS VENTURES
5 min readApr 1, 2022

Fincor: the Next-Gen Layer 1

Fincor is a brand new, next-generation blockchain using a bespoke
Proof-of-Unity (PoU) protocol to deliver ultra-fast, ultra-scalable, and
ultra-cheap (3Us) transactions and smart contracts that can operate
across chains — no more bridges, high-fee swaps or network switching required.

Multi-blockchain

Transfer or swap almost any cryptocurrency, NFT or other digital asset in one place quickly, safely and securely at extremely low cost. No more need for centralized exchanges or complex asset bridges.

Ultra-fast

Unlimited transactions per second (TPS) without a ceiling as the network activity grows. Roadmap includes plans for frictionless payments, streamlined trading and ready liquidity for almost any asset.

Ultra-scalable

Scalability trilemma is a thing of the past. Fincor uses an Artificial Intelligence (AI) supported hybrid consensus engine that supports maximum security, speed and decentralization all at once.

Ultra-cheap

With transaction fees as low as 0.00001 USD and easy cross-chain compatibility, Fincor is built for developers, dApps and users to work, play, grow and prosper.

IoT friendly

Fincor network runs light, allowing fast and secure micropayments between smart devices as well as seamless integration into smart grids and other IoT — perfect for smart municipal, distributed energy and next-gen systems of every kind.

DIY smart contracts

Absolutely no need for special technical skills — it takes just a couple of minutes for anyone to create and execute a smart contract.

Cross-chain unity

Fincor is designed to be a 100% decentralized ecosystem capable of connecting chains with different consensus protocols — including Proof of Work (PoW), Proof of Stake (PoS), Delegated Proof of Stake (DPoS), Practical Byzantine Fault Tolerance (pBFT) and more.

Maximize DeFi yields

Fincor is so light and powerful, it allows simultaneous DeFi staking and mining to maximize yield incentives for developers and users while also simplifying governance and other network activity that makes Decentralized Autonomous Organizations (DAOs) work.

Built for a Clean Future

Because Fincor nodes run so light, the computing requirements are minimal, requiring a CPU or GPU with as little as 8 GB RAM to maintain. This makes mining more accessible and affordable than ever, and opens the door to a new era of decentralized, sustainable smart systems empowering people all over the world.

What makes the Fincor network “Next-Gen”?

The 3Us

Fincor solves the trilemma, delivering ultra-fast, ultra-secure and ultra-cheap transactions using its first-of-its-kind Proof of Unity cross-chain consensus protocol while running on a network with extremely light node requirements and other innovations such as flexible block sizes.

Cross-chain compatibility

Cross-chain communication is the first of its kind true interoperability on the PoU protocol. This cross-chain communication will be present at Layer-1 of the PoU protocol whereas the transactions to/from PoU-based running chains (including Fincor) can be done on chains running on other consensus engines such as PoW, PoS, DPoS, etc. Cross-chain communications are direct on-chain account-to-account transfers with no need for any centralized authority to carry out the transactions. The fees for such on-chain transfers are based on fees used by the utilized network.

Scalable

The architecture of Fincor allows it to be ultra-scalable thanks to PoU simultaneous multi-network communication and nested gossip schemes which enable efficient data transfer within the network. On Fincor, the block size is dynamic — depending on the network’s conditions/health, the block dynamically modifies to efficiently store the data. The scalability of Fincor chains applies both on the network and consensus levels.

Harnessing AI/Machine Learning

Fincor aims to provide the world’s first decentralized AI service running on the PoU protocol. Within Fincor’s architecture, the PoU protocol is interconnected with Artificial Intelligence as AI algorithms (e.g., AI agents) are being used at multiple levels in the consensus to operate the entire network.

Ethereum virtual machine (EVM) support

EVM integration lets users and developers run all standard Ethereum transactions — including smart contracts — directly on the Fincor chain using our unique PoU protocol. EVM support also makes the Fincor chain compatible with EVM libraries and nodes such as GETH and Web3js. EVM address generation uses one-way HEX key encryption.

Easy smart contracts

With Fincor, anyone can create a smart contract — just select your preferences, and the system will do the rest! Your smart contract‘s token will be generated within a couple of minutes while its further transactions — even faster and at an ultra-low cost! Importantly, you will be able to choose between tokens of various standards — ERC20, BEP2, etc., — or even transfer your already existing smart contracts that were created on the Ethereum blockchain to the Fincor network.

Security

Fincor blockchain comes with an in-built AI powered security mechanism that continuously checks and predicts vulnerabilities that could affect the system or be exploited by third parties.

Thanks to our multi-pooling mechanics that conduct real-time system audits against various flaws, our system is bullet-proof against consensus-level attacks. In addition, our integrated AI-powered mechanisms help us to predict potential issues and take timely actions on the system before such vulnerabilities can arise.

Taking autonomous security-related consensus-level decisions, the Fincor system makes itself one of the most secure blockchains out there.

Fincor roadmap

Fincor Team

Partners

Tokenomics

Total Supply — 1,000,000,000
Initial Circulation Supply — TBA
Initial Market Cap — TBA

Seed Price — $0.065
Private Sale — $0.095
IDO — $0.265

Our Round — SEED
TGE — TBA
Lock — TBA
Vesting — TBA

Links
Website — https://fincor.io
Telegram — https://t.me/Fincor_Official

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