What Is Google Doing with Blockchain?

## What Is FINSCHIA (FNSA)?

Finschia (FNSA) was rebranded from LINK (LN), a blockchain developed by the global messenger app company, LINE Corp. It aims to establish a [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) platform and token economy that is accessible to everyday consumers. As mentioned in their official whitepaper, Finschia (FNSA) serves as the central currency on LINE Blockchain, connecting and collaborating with users not just in LINE, but from other fields.

The Finschia ecosystem consists of their general-purpose coin, FNSA, which claims to be easily used by anyone in their daily life. With this goal in mind, LINE Corp aims to bring [Web3](https://coinmarketcap.com/alexandria/article/what-are-web-3-cryptocurrencies) to more users around the world.


## Who Are the Founders of FINSCHIA (FNSA)?

The Finschia (FNSA) token and its Finschia [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) are both products of Line Corporation, a Tokyo-based subsidiary owned by Softbank Group and Naver Corporation. Primarily, their business involves developing notable mobile apps as well as other internet services, most significantly being the popular mobile messaging app 'Line.'


## What Makes FINSCHIA (FNSA) Unique?

By compensating individuals who benefit the ecosystem and add value, the Finschia establishes a framework in which participants and the ecosystem can develop together. The quantity of wallet addresses and FINSCHIA payments will serve as the foundation for value in the Finschia and create the "Internet of value."

The Finschia Ecosystem prevents imbalanced monetary expansion by not distributing tokens before ensuring demand.  Based on the network and the quantity of FINSCHIA used (staking and payment), Finschia sets and advances the FINSCHIA issuance and distribution policy.

People from all around the world can participate in the Finschia Ecosystem and receive the value and reward by making contributions online without having to invest any money up front. Regardless of their nationality, capital, or chosen service's time zone, everyone in the Finschia Ecosystem can gain FNSA as a reward by staking or making payments with FNSA.


### Related Pages:

Read about [Band Protocol](https://coinmarketcap.com/currencies/band-protocol/).

Check out [Uniswap](https://coinmarketcap.com/currencies/uniswap/).

Read more about [what Web 3.0 is](https://coinmarketcap.com/alexandria/article/what-is-web-3-0) with [CMC’s educational portal](https://coinmarketcap.com/alexandria).

Learn more about [Web3](https://coinmarketcap.com/alexandria/glossary/web-3-0) with [CMC glossary](https://coinmarketcap.com/alexandria/glossary).


## How Many FINSCHIA (FNSA) Coins Are There in Circulation?

Based on the inflation mechanism included into the chain by default, FNSA can be issued up to a total of 1 billion tokens within the maximum issuance limit. According to the whitepaper, for a stable settlement of the token economy 2.0, the initial inflation rate starts at 15% and the target staking rate is 5% level over time.


## How Is the FINSCHIA (FNSA) Network Secured?

Finschia  is secured by a new blockchain consensus engine called Ostracon. The Ostracon consensus engine is based on a combination of [Delegated Proof of Stake](https://coinmarketcap.com/alexandria/glossary/delegated-proof-of-stake-dpos) (DPoS) and Tendermint-BFT, which is a modification of the Practical [Byzantine Fault Tolerance](https://coinmarketcap.com/alexandria/glossary/byzantine-fault-tolerance-bft) (PBFT) algorithm.


## Where Can You Buy FINSCHIA (FNSA)?

Finschia (FNSA) can be purchased on various centralized exchanges such as [Bitthumb](https://coinmarketcap.com/exchanges/bithumb/), [Huobi](https://coinmarketcap.com/exchanges/huobi/), [Bittrex](https://coinmarketcap.com/exchanges/bittrex/) and [Gate.io](https://coinmarketcap.com/exchanges/gate-io/).

Keep track of FNSA live prices in real-time with the [CMC mobile app](https://coinmarketcap.com/mobile/).

FINSCHIA

Bora is a decentralized ecosystem for games and entertainment. Bora aims to attract games and applications from the GameFi sector to its Bora Chain to avoid building on blockchains like Ethereum that have high gas fees. For that reason, Bora follows a two-tiered blockchain system: the BORA token is traded on the Klaytn blockchain, a public blockchain that is focused on metaverse and gaming use cases. The Bora chain is a modular blockchain that can be used as an execution layer by decentralized applications.

The Bora team provides development toolkits that support developers with creating decentralized applications for its ecosystem. It also utilizes Bora Points, a currency within the ecosystem as a resource for development and to incentivize contribution to Bora. Bora Points can subsequently be converted to the BORA token.

BORA

WEMIX3.0 mainnet is an “experience-based, platform-driven & service-oriented decentralized blockchain protocol” which powers a “mega-ecosystem” of web 3.0 platforms. The mainnet is a high-performance Ethereum Virtual Machine (EVM) compatible open-source protocol powered by the SPoA (Stake-based Proof of Authority) consensus mechanism. The mainnet claims to offer the highest security possible, based on decentralized on-chain governance via 40 Node Council Partners(NCP), also known as 40 WONDERS, while still ensuring high transaction per second (TPS). Consensus will evolve towards complete decentralization through a multi-phase democratized governance.

WEMIX

Developed by leading Korean IT company Kakao, Klaytn is a global Layer 1 public blockchain designed to power tomorrow’s on-chain world. With the lowest transaction latency amongst leading blockchains, enterprise-grade reliability, and a developer-friendly environment, Klaytn provides a seamless experience for users and developers that is second to none. Since its launch in June 2019, Klaytn has been accelerating blockchain mass adoption through a broad array of use cases from DeFi to real-world assets, entertainment and gaming, and even the Bank of Korea’s CBDC pilot project. Today, it is one of the only globally competitive Web 3.0 ecosystems developed in South Korea, generating more than 1 billion transactions from over 300 decentralized applications.

Klaytn

Decred is Money Evolved.

By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”.

Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

Decred

Function X is mirroring traditional financial products on the Function X network and creating decentralized financial products and a decentralized trading system. It is a highly customizable and expandable multi-chain architecture blockchain network (subnets) that can meet different business needs.

Function X

MiL.k

Gnosis is a collective of aligned projects revolutionizing payments infrastructure to make decentralized financial tools accessible and usable for all. The Gnosis ecosystem is underpinned by Gnosis Chain, a highly secure, resilient, and decentralized EVM Layer 1 network and also includes the venture-building arms, Gnosis Studio and GnosisVC, the developer, investor, and incubator of a host of leading decentralized solutions.

These projects are creating a radically inclusive infrastructure helping bridge the gap between blockchain technology and practical, everyday applications/use cases.

Gnosis

Aragon

MediBloc (MED) is a South Korean-based decentralized blockchain protocol for the healthcare industry through which medical institutions can securely transfer, collect, store and manage data. With MediBloc, physicians can access patient information, medical history, prescribed medication, insurance issues and more. MediBloc makes medical data more accessible by allowing everyone involved to track and record medical conditions, appointments, examinations, treatments and more.

The ecosystem is built on three key elements: MediBloc Core (a layer for storing data and providing additional storage), MediBloc Application (a layer for accessing and managing data through various applications), and MediBloc Service (a layer applying smart contract technology that connects the other layers and allowing input and output of data).

The platform offers three categories of accounts: for general users (patients), healthcare providers (doctors and medical institutions) and data scientists, the latter two require proof of their accreditation. The project is aimed at improving the quality of medical services and infrastructure by optimizing information storage processes and giving users sovereignty over their own data. MediBloc is compliant with the HIPAA Security Rule, the Health Insurance Portability and Accountability Act.

MediBloc

aelf

Convex Finance is a DeFi protocol that allows Curve liquidity providersto earn a share of trading fees on Curve without staking liquidity there. Instead, LPs can stake with Convex and receive boosted CRV and liquidity mining rewards. This provides CRV stakers with better capital efficiency and positions Convex Finance as an important player in the Curve wars.

Convex has entered a competitive race to obtain as much control as possible of the Curve Finance stablecoin exchange. The more CRV tokens a protocol has, the more influence it has over interest rates on Curve, which is the largest DEX in the world by TVL. Consequently, the “Curve wars” are an ongoing race for influence over what is probably the most important protocol in DeFi.

Convex Finance

ssv.network

Everscale (EVER) is a fast and secure layer-one blockchain that aims to become a decentralized platform for high-performance applications with real-world relevance, such as Stablecoins, CBDCs, DEXes, Bridges, Gaming Platforms and more.

Everscale

Hive (HIVE) is a blockchain running on a delegated proof-of-stake (DPoS) consensus mechanism. It launched in March 2020 as a hard fork of the centralized Steem blockchain and as a gateway from Web 2.0 to Web 3.0. The blockchain claims to offer “lightning-fast processing times and fee-less transactions.” Examples of use cases include social media with monetized rewards for content creators, interactive blockchain games, identity management, micro-loans and more. The platform powers decentralized applications (dApps) like Splinterlands, PeakD and HiveBlog.

Hive is a social network of apps and services, where users discover the capacity of blockchain technology, connect to the platform and securely share content through equitable redistribution of value. Thus, the users are the proprietors of the network, and sponsors can contact communities and artists directly without intermediaries.

Hive is an open source blockchain that focuses on scaling through layer-2 sidechains, while still benefiting from a common layer-1 blockchain backbone to ensure distributed data integrity. The Hive ecosystem runs on two cryptocurrencies — the native governance token, HIVE and the USD-pegged HBD stablecoin.

Hive

GateChain is a public blockchain which facilitates digital asset transfers, and claims to be “dedicated to asset safety.”

The network’s native token is GateToken (GT). It’s mainly used to pay transaction fees, but users can also stake it to validate transactions and secure the network in exchange for rewards.

GateChain offers an on-chain wallet for users to manage their digital assets directly on the network itself, thereby eliminating the need for a third-party wallet. It’s also fully integrated with the Ethereum Virtual Machine (EVM), making it easy to deploy Ethereum-based smart contracts on the platform.

GateToken

Ardor

ZEN is the governance and utility token for Horizen, a zero-knowledge-enabled network of blockchains powered by the largest node infrastructure in the industry. Blockchain interoperability is enabled by the Zendoo protocol, which uses SNARK-verification and allows for complete flexibility in sidechain type, consensus, and speed. Cryptographic verification of networked chains offers massive scale, and the network currently supports up to 10,000 sidechains with a throughput limit of 10,000,000 TPS.

Zendoo makes Horizen a permissionless network of blockchains. Developers can deploy their blockchains within the ecosystem using a variety of SDKs. In 2023, the ecosystem team launched Horizen EON, a public proof-of-stake sidechain and an EVM-compatible smart contracting platform that allows developers to efficiently build and deploy dapps on the Horizen ecosystem, while benefiting from the Ethereum ecosystem. Since going live with Horizen EON, DeFi projects including SpookySwap, Ascent Exchange, and Yuzu have successfully integrated into the Horizen ecosystem. Get started on Horizen EON today!

Horizen's native cryptocurrency, ZEN, is a mineable PoW coin currently trading on major exchanges, including Coinbase and Binance. ZEN can be staked to participate in Horizen's nearly 50,000 full node network.

While ZEN was previously a privacy token, following ZenIP 42204 in June of 2023, the network removed its existing privacy features in favor of moving towards a vision of adaptability and responsible, scalable growth.

Horizen

Creditcoin

Bitcoin Gold was founded in 2017 to become a user-friendly alternative to Bitcoin. The BTG network aims to combine the security and sturdiness of the Bitcoin blockchain and its characteristics with the opportunity for experimentation and development.

BTG enhances and extends the crypto space with a blockchain closely compatible with Bitcoin but without using resources like Bitcoin hash power or vying for the "real Bitcoin" title. The company aims to present a coin with the implementation capabilities of Bitcoin, however, expanding on the opportunities for DeFi and DApp developers to use the coin.

Bitcoin Gold

Lisk is striving to on-board 100,000,000 users into crypto and web3 by offering an accessible blockchain application platform and an industry leading JavaScript SDK.

Released in 2019, the Lisk SDK enables developers to build application-specific blockchains entirely in JavaScript, the most widely used programming language in the world. To get a deep-dive into the Lisk SDK, please visit the Lisk SDK documentation or watch Lisk.js 2019 and Lisk.js 2022.

To be released in 2022, the Lisk blockchain application platform allows interoperability between all application-specific blockchains built with the Lisk SDK. With other words, users will be able to use DeFi, NFT or Metaverse blockchain applications on Lisk.

To better understand why Lisk is important watch the following videos: The Case for Lisk and The Ultimate Vision for Lisk.

If you are curious about Lisk’s history and journey, watch Looking Back on Lisk.

The Lisk project is managed by the Lisk Foundation, a non-profit entity based in Zug, Switzerland. A local team of experts specialized in law and finance, as well as yearly audits, ensure the proper handling of funds and regulatory compliance under the supervision of the Swiss Federal Foundation Supervisory Authority (ESA, Eidgenössische Stiftungsaufsicht).

The Lisk products are developed by the Lightcurve GmbH, a Berlin based blockchain studio. With a team of over 40 blockchain experts, Lightcurve is researching, developing and promoting the Lisk SDK and the Lisk blockchain application platform.

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