Mainnet 2.3 Release
Tags: Cryptocurrency News, Blockchain Application, Blockchain Development, Cryptocurrency, Blockchain Technology

FIO is excited to announce the release of FIO 2.3 on Mainnet, deploying msigs and continuing to uphold a sterling record of on-time development execution.

This release includes the following new features:

Adds the ability to transfer FIO Addresses

Enables users to transfer tokens to a new account and lock the tokens for a pre-defined period of time

Adds the ability for wallets to map all tokens on a particular chain to a single public address

Enables the purchase of multiple sets of bundled transactions

A more in-depth review

FIP-1(b)

Both FIO Domains and FIO Addresses are non-fungible tokens (NFTs) that are owned by a FIO Public Key. FIP-1(b) enables users to transfer their FIO Address (username@domain) to a new owner. This release only allows transferring FIO Addresses that do not have any existing FIO Requests or Other Blockchain Transaction (OBT) records.

Github link to view more about FIP-1

FIP-6

Previously, there was no way for individuals to lock tokens for themselves as savings or for security reasons. In addition, there are certain cases where the FIO Foundation, or other groups or individuals, may want to grant or sell locked tokens. This release implements the ability to transfer tokens to a new account and lock those tokens on a pre-defined schedule. When the transfer of locked tokens is initiated, the target account (hashed from the provided FIO Public Key) is created, the specified amount of FIO Tokens are transferred to the account, and a lock for that amount is attached to the account. The account can function normally–funds may be transferred in and out of the account–except that the original amount of locked tokens remain locked until unlock periods are reached.

Github link to view more about FIP-6

FIP-11(a)

Bundled transactions make it easier for everyday users to interact with the FIO Protocol. Users pay a single annual fee for the FIO Address and get with it enough bundled transactions to cover an average amount of annual interaction with the FIO Chain. Currently, users who process more transactions than the annual amount of bundled transactions can either pay a per-transaction fee for all additional transactions or renew their FIO Address early, which adds a new bundle of transactions and extends FIO Address expiration date. However, heavy users have to run multiple Address renewals in sequence to increase their bundle count. This release enables users to purchase multiple sets of bundled transactions in a single blockchain transaction.

Github link to view more about FIP-11

FIP-18

Previously, mapping other blockchain public keys to a FIO Address required a unique chain code and token code mapping for every key. This created unnecessary overhead in cases where multiple tokens on a particular chain share a single address (e.g., ERC20 tokens). This release allows for a generic “*” token code to be used indicating all tokens for that chain are mapped to the same blockchain public key.

Github link to view more about FIP-18

Thank you to the FIO Protocol core development team for their continued excellence and contributions to the protocol and ecosystem.

fioprotocol.io

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