FIO Protocol has published an official blog post to share the update with its community that the protocol has entered into a partnership with Bifrost. The partnership aims to enhance the experience of users.
What the partnership brings to the table is pretty interesting. Users, until now, had to create a username with a fixed domain – @bifrost. This now allows users to customize the domain and have a username of their choice. For instance, the FIO crypto handle can now read firstname@lastname.
Moreover, the partnership between FIO Protocol and Bifrost makes the process of sending and receiving FIO tokens smooth, just like sending and receiving an email. This is directly connected to users being able to create a username and domain of their choice.
The two important mistakes that will now be eliminated are:-
- Losing cryptocurrency forever
- Potential of making any other mistake
The integration is said to be concluded via Dashboard, FIO Send, and Receive. Partnerships like these are proving that the industry is yet to explore tons of possibilities for expansion. An expansion that enhances the experience of users is only likely to have a wider adoption, something that the Web3 sphere has been targeting since its inception.
Bifrost is a multi-chain and dApp browser on its way to becoming the best online crypto wallet by implementing its partnership with FIO Protocol. Bifrost allows its users to manage cryptocurrencies and non-fungible tokens easily. Users can perform all the operations on different blockchain networks with full insight into what they are signing up for.
Bifrost currently supports a limited number of blockchains. These include:-
- XRP Ledger
- BNB Smart Chain
FIO, short for the Foundation of Interwallet Operability, is a consortium of different organizations and community members of blockchain technology. The objective of FIO is to support the development and growth of the group that uses crypto handles that can be read by humans.
Blockchain-based transactions are indeed at risk with public addresses, given the number of attacks that are constantly rising in the current times.FIO Protocol is built on the FIO Chain, a blockchain that is governed by the utilization of FIO Token – $FIO. What has come out as a core objective in the partnership of Bifrost and FIO Protocol is pretty much the overall objective of FIO: replacing the complexity, risk, and inconvenience that come with the usage of public addresses.