Wyoming, US, 20th Jan 2022, ZEXPRWIRE, High and unpredictable transaction fees is one of the biggest problems of public blockchains like Ethereum. To solve this problem, HyFi Blockchain, the world’s first network of blockchains with zero transaction fees, is going live on 31st January 2022.
The traditional Centralized Finance (CeFi) system suffers from many problems including those of access, efficiency, time, and cost. Decentralized Finance (DeFi) was supposed to solve the problems of CeFi, but it has created a new set of problems, including:
- high & unpredictable transaction fees;
- slow transaction speed;
- zero support for KYC, AML & CFT;
- low to zero grievance redressal mechanisms & consumer protection.
All these problems are now solved by HyFi Blockchain, which is a network of blockchains with:
- Zero transaction fees
- High transaction speeds
- KYC, AML, CFT support
- Nodes by verified entities
- Robust grievance redressal
- Strong Consumer Protection
- Low energy usage
The testnet of HyFi Blockchain is live. For details, see:
The mainnet of HyFi Blockchain will go live on 31st January 2021.
Contact: Shinam Arora
Company Name: HyFi Blockchain
Chief Operations Officer