Fesschain (FESS) is a blockchain-based settlements platform designed by integrating artificial intelligence (AI) features into the current technology. According to the website, the platform aims to build a decentralized ecosystem for various goods and services. In simple words, the platform seeks to be the future of an electronic settlement system that is secure and sustainable. 

FESS aims to solve scalability and security problems in blockchain without compromising the transaction speed. For this, the platform uses its “Neutrino Framework.” The Neutrino Framework is the technical architecture that empowers the Fesschain ecosystem and improvises DApp development and functionality. The framework also aims to ensure the blockchain doesn’t clog with unnecessary data to enable maximum transaction speed, even at the high transaction requests.  

The platform deploys a proof-of-proof mechanism, now known as proof of stake, to verify and record blockchain data for security. According to the whitepaper, the Fesschain ecosystem aims to offer users the following features:

The Fesschain ecosystem uses the FESS token for multiple global cryptocurrency exchanges, including BitHind. FESS is an Ethereum-based ERC-20 utility token used to facilitate all activities and services within the Fesschain ecosystem. Further, the token can be used for staking, paying service packages, transactional fees, merchant payments for products and services, etc. The FESS token holders can also access products and services within the ecosystem at a discounted rate. Moreover, FESS holders are eligible for regular reward programs on the Fesschain platform.

Mr. Durga P. Tripati and Mr. Praveen K. Sahani are the founders of the Fesschain platform. The platform was conceptualized and launched in May 2019. A maximum of 6,000,000,000 FESS tokens was made available for distribution in various phases through a token sale. 

In June 2019, the whitepaper v1.0 was released, and the private sale went live. Later, in July 2019, the platform announced decentralized exchange (DEX) on three exchange platforms. The sale went live in August 2019 on Bitcoinus, Vindax, and ExMarkets.

Fesschain established a partnership with Asia Blockchain Review and Spectrum in October and December 2019, respectively. The platform also established a product partnership with Bitmart in November 2019.

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