LINE Launches Blockchain Mainnet “Finschia” • Thumbsup

Finschia It comes with a 400x increase in network trading speed and a 98% cost reduction compared to Ethereum, a significant milestone for the cryptocurrency ecosystem. LINE Responding to the potential of Web3
Plans to launch ‘DOSI Vault’ digital wallet Non-Custodial for crypto asset management LINK coming soon

LINE Tech Plus LINE Corporation, a subsidiary of LINE Corporation, the crypto asset and blockchain-related business, today announced that it has launched “Finschia,” the company’s third-generation blockchain mainnet, to Provides open network services to the public.

LINE developed its own blockchain mainnet in 2018 and built a blockchain ecosystem through offering services such as the company’s crypto asset LINK. Crypto asset trading service Digital wallet for crypto assets to the NFT trading market

And with the launch of Finschia, the newest blockchain mainnet, LINE aims to become a stronger blockchain ecosystem based on its advanced functionality and stability. It is the first step in LINE’s blockchain ecosystem that fully embraces the true potential of Web3, enabling all users to create trading exchange and get rewards easily and freely

Named after the tropical tree Finschia, it has received many feature upgrades to improve functionality. Speed ​​and stability are improved by using Ostracon, the network’s own consensus algorithm, which effectively adds a VRF (Verifiable Random Function) function to the Cosmos consensus algorithm. that has been developed this new

Finschia offers up to 400x faster digital asset trading speed and 98% cost savings compared to Ethereum. developer Everyone can be rewarded for contributing to the expansion of the blockchain ecosystem on the network.

With this launch, LINE aims to provide network services to developers regardless of the limitations of their experience with blockchain services. LINE will help create an environment in which they can develop dApps. Easily with a Full Node on the Finschia network or on LINE Blockchain Developers, which will allow developers to work with LINE’s services and use LINE’s know-how to develop highly usable blockchain services. Easy and convenient through the Finschia network

LINE NEXT Chief Executive Officer Yongsu Go said, “We are delighted to offer Finschia as a platform where we can build partnerships with other developers. to unlock possibilities in various fields on our blockchain network We are committed to reinventing the blockchain ecosystem and expanding the market for LINE’s crypto asset LINK token.”

LINE also plans to merge its existing mainnet, Daphne, with Finschia, consolidating its blockchain mainnet that provides all of its existing blockchain services. LINE also plans to launch its digital DOSI Vault. wallet type Non-Custodial coming soon, developed specifically for managing crypto assets on LINK, users will have full control of this digital wallet by themselves. Make asset management on LINK faster, safer and easier. with reduced transaction fees With the launch of both Finschia and the DOSI Vault, LINE aims to grow the token market. By inviting users who are not familiar with blockchain to experience the service that is easy to use. with more reliable stability and security