Fyfy is a B2B (Business to Business), B2C (Business to Customer), and P2P (Peer-to-Peer) blockchain-based ecosystem, which offers fast, low-cost, user-friendly, and secure transactions of digital assets. The ecosystem focuses heavily on solving issues of micropayments. Moreover, Fyfy is a decentralized autonomous organization (DAO) in which the development power is transferred to the community.
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Our main product in the ecosystem is Fyfy Pay which enables new business opportunities for businesses as we will make payments instant with lower transaction fees than traditional solutions. For reference, Ethereum transaction fees are >200x more expensive when compared to the same transaction on the Fyfy Pay.
The higher block time and block size are why the Solana network offers an incredibly low transaction fee of just $0.00025 per transaction. This price makes Fyfy one of the cheapest transaction fees.
Fyfy´s 50,000 transactions per second is around 10,000 times faster than Bitcoin, 4,000 times faster than Ethereum. Transferring between wallet accounts takes a few seconds. Solana offers far lower fees when compared to what many other similar blockchain networks are charging today.
Cutting edge security, user privacy, and ease of use are at the foundation of everything we build. The Fyfy Pay combines these features into user friendly application for beginners and experts alike.
Easily set-up 2 Factor Authentication (2FA). 2FA increases security by only allowing logins from previously logged in devices. Hold all of your assets in one place with Fyfy Pay – all you need is a username, seed phase and password.