A few weeks ago, we wrote in The Capital about the Foundation for Interwallet Operability (FIO) — a project aimed at replacing complicated alpha-numeric addresses with human-readable ones across blockchains. Today we are proud to announce that ChangeHero has joined FIO.
What are the advantages of FIO protocol, again?
First of all, it reduces the risk of human mistake by replacing a string of random characters with a sequence that is readable.
Secondly, FIO protocol allows transaction requests, with which your data is protected by encryption and can only be read by the recipient.
Thirdly, FIO protocol already supports attaching notes to transactions and in the future, users will be able to send more complex data like invoices with a request.
What does it mean for me?
If you already have a FIO username, you can use it instead of your recipient address when making a swap. For everybody else, we are planning to come up with a solution to transform ChangeHero recipient addresses into more readable ones using the FIO address system for your convenience.
With the public release coming in 2020 Q1, FIO addresses have all the potential to radically change the crypto landscape for the better and ChangeHero is as ready as ever to help you make the swaps easy and quick. We believe that this project can be a massive boost to crypto adoption and are excited to be a part of it.