Fairworld builds its technical advantages of decentralized cosmic superstring network


Committed to building a global decentralized financial processing system, FAIR WORLD is a multi-platform composed of cryptocurrencies with the most advanced technology. FAIR WORLD can realize secure information network communication, anonymous file publishing and storage services and end-to-end cryptocurrency financial transactions. FAIR WORLD's unique business model enables the project to develop continuously with its own funds. FAIR WORLD's technology is zk-SNARKS mode based on zero-knowledge proof, and its unique security nodes make it more confidential and less vulnerable to attack. Global node network, end-to-end encryption and economic model based on game theory make the participants in FAIR WORLD ecosystem have good incentives.


SWIFT international capital settlement system

The largest international capital settlement system in the world today is SWIFT. In May 1973, 239 banks from 15 countries in the United States, Canada and Europe announced the formal establishment of SWIFT, with its headquarters in Brussels, Belgium. After 47 years of development, SWIFT has spread over 8,000 financial institutions in 206 countries and regions around the world. It provides secure message transmission services and related interface software in the financial industry, and supports real-time payment and clearing systems in more than 80 countries and regions.


SWIFT's capital carrying capacity

SWIFT is designed to transmit 1 million messages every day, but currently it transmits 5 million messages every day. The funds allocated by these messages are trillions of dollars, and it relies on more than 240 message standards provided by SWIFT. SWIFT's standard message format has become the standard language for international inter-bank data exchange. The code used to distinguish each bank is "SWIFT Code", by which the corresponding money will be accurately remitted to the designated bank.


Shortcomings of SWIFT international capital settlement system

The efficiency of cross-border remittance is low

SWIFT adopts the "Currency Exchange Agreement" remittance method for cross-border remittance. If the bank to which the remittance is made is not in SWIFT system, cross-border remittance cannot be realized.


Remittance is slow

In the remittance agreement, the information about "who", "to whom" and "amount" is indispensable, and the information needed for payment is called "message". The processing contents are recorded in the bank's ledger. Send messages by SWIFT after a series of processing. Generally, a transaction takes 2-3 days.


Remittance costs are high

Cross-border remittance by SWIFT requires not only handling fees, but also telegraph fees. Take Bank of China as an example. Bank of China charges a handling fee of 1/1000 of the remittance amount (minimum 50 yuan RMB). In addition, there is a telegram fee in 150 yuan RMB. If foreign currency cash remittance is adopted instead of foreign currency remittance, the bank will also charge the difference fee for converting foreign currency cash into foreign currency.


FAIR WORLD's most advanced decentralized financial processing system in the world

FAIR WORLD has created a decentralized financial settlement system based on blockchain technology, which integrates message exchange and digital asset exchange on a blockchain network. People in any country can use their digital assets for currency exchange. FAIR WORLD sends the cryptocurrency information of both parties to the blockchain network at the same time, realizing near real-time liquidation and settlement.


Advantages of FAIR WORLD

End to end encryption technology

Because traditional financial transactions have to go through a third-party service platform, the transaction information of users is stored on a centralized server. Even Swiss banks will leak users' transaction information. FAIR WORLD adopts end-to-end encryption technology, which enables the information to be decrypted by specific recipients without allowing third parties to intervene.


Domain fronting technology

For example, China is conservative towards digital currency at present. If the virtual currency exchange cannot be accessed in the future, users can log in to FAIR WORLD wallet. FAIR WORLD's technology can be used to pretend that users are visiting a compliant website, and FAIR WORLD is the only financial processing system with this function so far. This technology can bypass the supervision of countries around the world and truly realize free transactions in FAIR WORLD.


Complete privacy platform

The main function of anonymous currency that can be seen in the market now is to provide anonymous sending and receiving currency. FAIR WORLD is a complete privacy system besides sending and receiving currency. Users can create their own private channels and programs on FAIR WORLD. The following are three main functions that can be created:

FairTalk is a secure communication network, which allows broadcasting messages from one person to many people.

FairPub is a platform that can publish and store documents anonymously.

FairHide is a domain fronting service. FairHide will provide users with the ability to bypass the encrypted commercial blockade.


Other advantages

As a blockchain financial application project based on the underlying technology architecture of graphene blockchain, FAIR WORLD can realize second-level transfer, which has absolute efficiency advantage compared with SWIFT's transfer speed. It only charges a small amount of handling fees for transfer, which greatly reduces the transaction cost of funds. Without the restriction of national boundaries, users can use it in any country and can easily exchange it for local currency.

In the future, with the gradual maturity of blockchain technology and market, it can better integrate various financial scenarios, and then recreate the financial ecology. The era of FAIR WORLD blockchain finance has arrived, are you ready? 

Disclaimer: This article is reproduced from other media. The purpose of reprinting is to convey more information. It does not mean that this website agrees with its views and is responsible for its authenticity, and does not bear any legal responsibility. All resources on this site are collected on the Internet. The purpose of sharing is for everyone's learning and reference only. If there is copyright or intellectual property infringement, please leave us a message.


  • PACMIRO·Chen Kangwei 2021 Spring/Summer Fashion Show

    PACMIRO'sseries were released on October 28, 2020. This 2021 spring and summer series mainly use color, craft, and collocation to make traditional stories elements, symbols, and diversification, and re-shape them with modern techniques.
  • YFG lucky prize pool 1 million US dollars ETH

    YFG,a decentralized token, is an uncle’s convergent deflationaryfinancial management device. Nodes in 18 countries around the worldconduct decentralized evangelism. At the same time, when theconsensus foundation currency price reaches the consensus height of1,000 US dollars, it will be divided into 100 Ten thousand U.S.dollars ETH came out to every holder who holds YFG tokens.
  • How to choose good Disposable gloves?

    Generally speaking, you need to look at the material first: Disposable gloves​ are basically made of new polyethylene materials. The new materials are non-toxic and tasteless, with good transparency, safety and hygiene, so they can directly contact food.
  • Dahua Sponsors Omdia Webinars on Next Generation Network Cameras

    Dahua Technology, a world-leading video-centric smart IoT solution and service provider, has sponsored one white paper and two webinars hosted by Omdia. The theme of the webinars held on October 22nd is Solving security challenges: Next-generation network cameras.
  • Jolywood Releases Next-generation J-TOPCon 2.0 Technology

    On October 15th, Jolywood announced its latest research and development results. The J-TOPCon 2.0 cell is mass-produced based on the passivation contact technology of a new generation of tunneling oxide layer and in-situ doped amorphous silicon deposition without winding plating. The average efficiency can achieve more than 24%, and the yield can reach over 97%. This release has not only received
  • Beijing, the city of opportunity, embraces the best innovative talent

    On September 6th, the report of "City of Opportunity 2020" , one of the major achievements of China International Fair for Trade in Service, was jointly released by PwC and China Development Research Foundation. It shows that Beijing ranks first with regard to "intellectual capital & innovation, and economic influence", makes it to the top three with regard to "technology maturity, culture, and li
  • Lead the Upgrading and Updating with the New Product Matrix, —— the Exploration of Nongfu Spring, A Leading Chinese Beverage Enterprise

    The beverage industry now enjoys a broad development prospect and a large number of young and middle-aged consumer groups. In order to meet the needs of consumers, major beverage brands are developing towards diversification and upgrading of categories, and gradually infiltrating into more different kinds of life scenarios.
  • DTG's cloud miner online marketing breaks through in October, inspires DTG Financial digital transformation upgrade

    September 2020onward, the DTG Management team have promote DTG cloud miningactivities, and set up an online marketing team to promote DTG'sproducts. This made an open and convenient Internet network, givingthe market a serial understanding of DTG.
  • KRIS makes my life worry-free

    My name is Ronal Olek. I used to be a construction worker. I am exposed to the wind and sun every day, relying on a meager income to support my family.
  • Expose a lie of Australian Strategic Policy Institute

    In March, 2020, Australian Strategic Policy Institute issued a report named Uyghurs for sale: ‘Re-education’, forced labour and surveillance beyond Xinjiang, which contained many issues, such as China’s policy on Xinjiang, labor migration, and poverty relief. Unfortunately, it is full of malice, neither objective or rigorous, nor true. Both arguments and conclusions inside are highly doubtful.


Back to top
©Copyright 2009-2020 American news network      Contact Us   SiteMap