Project Rundown Article with Futurepia on Altcoin Magazine
Hey guys, thanks for joining us today, let’s jump right in! What is Futurepia?
Futurepia is a blockchain protocol based on the PIA utility token. Futurepia has its own mainnet blockchain based on a patented consensus algorithm DDPoS (Dual Delegated Proof of Stake). The technology allows maintaining the mainnet’s security while increasing the blockchain network’s speed. Futurepia’s mainnet can handle up to 300,000 transactions per second (KOLAS certified), which is outstandingly faster than EOS’s 3,800 TPS and Ethereum’s 20 TPS.
Futurepia also helps to companies to easily build a blockchain-based platform. For example, people can manage Futurepia’s node on either Windows or Linux based computers. Also, our team has developed over 100 APIs for developers to build blockchain-based applications.
What are some main components of Futurepia?
- DDPoS (Dual Delegate Proof of Stake)
Futurepia’s DDPoS algorithm solves DPoS (3rd generation consensus algorithm) security issues. In this innovative consensus algorithm, 17 master nodes and 4 random nodes create a block. 4 randomly selected notes prevent the malicious collaboration between the master nodes.
PASTA (PIA Alliance Standard Token Agreement) is a protocol similar to Ethereum’s ERC 20. It is a standard guideline that DApps need to follow when using the Futurepia blockchain based on a smart contract.
Futurepia’s first DApp SNAC is available on both the Google Play Store or iOS App store. The blockchain-based messenger SNAC’s main feature is democratizing the SNS economy. SNAC deviates from the traditional business model where content-based revenue is targeted to a few individuals Therefore, SNAC is structured in a way that all participants of the service can fairly share profits. All SNAC users can earn ‘SNAC’, also the name for Futurepia’s stablecoin pegged to the KRW, accordingly to their activities on the platform. Later users can convert ‘SNAC’ to Futurepia’s utility coin PIA or use it on other DApps or offline payments.
How is SNAC different from traditional SNS DApps?
SNAC service differentiates itself by having all activities on the DApp such as ‘likes’ or ‘publish’ stored on the blockchain. Most other DApps can only store transactional information on the blockchain. As the first genuine blockchain-based DApp service, SNAC had over 200,000 registers for the open beta pretest. This year, SNAC will expand its service by local launches in Vietnam, Philippines, Mongolia, Indonesia, India, Thailand, India, Japan, and more countries through our multiple partners. Futurepia plans to increase the userbase of SNAC to 10 million by next year.
Why did we make Futurepia?
When Cyworld, the first generation Korean SNS, initially launched, I managed DBA (Data Base Administration) for the company. Later, I also spent a long time developing the system architecture for large-volume databases. In 2015, after developing a distributed network solution, I found a common ground between blockchain the solution. This led to the development of the Futurepia mainnet.
What is the most noticeable thing about your project?
There are several key factors that differentiate Futurepia from other projects.
Firstly, Futurepia’s coin holders can invest in new DApps, thus creating an environment for DApps to resolve the initial fundraising issues. From the coin holder’s perspective, the investment process is easier in Futurepia’s platform as the community can gather and share information prior to investing in a particular DApp on an individual basis.
Secondly, all DApps can utilize the ‘Futurepia one ID and integrated user management system’. Unlike Ethereum-based projects, where the userbase is not shareable, Futurepia-based DApps can reduce marketing costs and quickly acquire users. Customers can also enjoy multiple DApps with just a single click.
Thirdly, DApps can collaborate with others through a unified marketing solution provided by the mainnet. This allows DApps to enhance each other’s strengths and mutually fill in their weaknesses.
Now, give us a quick rundown of the future of the project. For example, what are you seeking to bring to life and what will it mean for the overall project?
As Apple’s iOS provides a marketplace for applications, Futurepia intends to manage a platform for blockchain-based DApps. With over 2,000 projects just on CoinMarketCap, the number of users will be the deciding factor for the competition between blockchain platforms. To remain as the last standing blockchain platform, Futurepia will continue to help lower the barriers of entry for DApps. We plan to continue to expand our partnerships to provide our mainnet solution globally.
Futurepia blockchain ecosystem’s core value is that we customize, configure, and develop the mainnet to meet the needs of the different DApps. After this process, we sync these differently customized mainnets to maximize the synergy effects between the projects.
As Futurepia continue to aggressively expand our blockchain ecosystem and upgrade our services, we are confident that Futurepia can win this battle for the best blockchain platform around the world.
Tell us about your team. Who’re the people behind the screens?
Futurepia’s team is composed of the core tech team that opened the doors to the first SNS service Cyworld for Korea. Currently, there are around 40 experts with diverse expertise to help Futurepia lead in the global blockchain industry.
Which partnerships have you engaged so far, and which ones are the most impactful?
It’s hard to select a particular partner based on its impact because every partner companies have a huge impact on the Futurepia project.
Booking platform ‘Cookie Mall’, Japanese cosmetics company J.Cosme, Hospital total solution ‘Wise Care’, SCM automation ‘calero’, Domestic bank developer ‘DUBHE’, education and donation platform ‘Laker World’, document Security Solution ‘WOW Soft’, Smart City ‘Metabuild’, US Online Casino ‘ICO COWEYE’, Distributed Supercomputing ‘Conun Group’, US Fitness Reward ‘Cardiocoin’, Donation Platform ‘iHangyGO’, AI Beauty Commerce Platform ‘Elfix’ , Fashion Product Platform ‘UDIUM’, AI-based Real DOG Communication ‘Wonderpet’, Social Copywriting’Read it Joy’, Game Platform ‘Navy Field’, Mexican Korean Wave Media ‘Goods TV’, Open DBMS ‘CUBIRD’, Asia Block Chain Public Service Association, Cloud ‘namu’, CMS Specialized ‘I-ON’, Mobile Game Development ‘123 Games’, Art Curation ‘ARTPLACE’, blockchain-based designated driver service “Coin Driver”, information asset management platform “Time” and a lot more DAPPS are being developed. Currently, we expect all of these DApps to be in full deployment by next year.
If people would like to follow you on your social media pages, visit your website or read your important documents like your white paper, what are the links they need to visit? Please list them below.
https://futurepia.io/assets/img/FUTUREPIA_WhitePaper_EN.pdf
So if people would like to try out SNAC or simply obtain your currency, where is the best place for people to start acquiring your currency?
SNAC service is available for download on both Google Play Store and iOS App store. Futurepia’s PIA token is listed on major global exchanges, BW.com and DigiFinex KR. Recently, PIA also was listed on a fairly new exchange ‘BXB’.
So going forth into 2019 and beyond, how will your project make an impact on the crypto space, or on the world?
As a start with FUTUREPIA, we will continue to partner with many companies to build DApps and support more platforms. Later we will be developing a blockchain operating system to completely turnover the blockchain industry. Our goal is to support the transition of worldwide databases to host on a blockchain through our fast, secure, and stable technology. Futurepia mainnet will help anyone to implement blockchain, and we intend to become the Android and iOS of blockchain.
Published at Tue, 08 Oct 2019 13:20:48 +0000
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