FINSCHIA FOUNDATION


Associated tags: Web3, FNSA, Philosophy, Blockchain, Cryptocurrency, Ostracon, Logic, Trust, Finschia, CertiK, LINE, KLAY, RWA, EVM, Monthly, KakaoTalk, Ecosystem, Web 2.0, MAU

Locations: UAE

Klaytn and Finschia Merge Proposal Passes, Creating Asia's Largest Blockchain Ecosystem

Retrieved on: 
Thursday, February 15, 2024

The proposal aims to create Asia's leading blockchain network based on superior blockchain technology, services, and business acumen.

Key Points: 
  • The proposal aims to create Asia's leading blockchain network based on superior blockchain technology, services, and business acumen.
  • The proposal was submitted and voted on by each chain's governance members, with 95% from Finschia and 90% from Klaytn voting in favour, passing the joint proposal.
  • The merged network will have approximately 420 DApps and more than 45 governance member partners, spurring the popularization of Web3 as Asia's largest blockchain ecosystem.
  • "We plan to build Asia's largest blockchain ecosystem with the diverse opinions from our partners and community that we gathered during the merger proposal process."

Klaytn and Finschia Merge Proposal Passes, Creating Asia's Largest Blockchain Ecosystem

Retrieved on: 
Thursday, February 15, 2024

The proposal aims to create Asia's leading blockchain network based on superior blockchain technology, services, and business acumen.

Key Points: 
  • The proposal aims to create Asia's leading blockchain network based on superior blockchain technology, services, and business acumen.
  • The proposal was submitted and voted on by each chain's governance members, with 95% from Finschia and 90% from Klaytn voting in favour, passing the joint proposal.
  • The merged network will have approximately 420 DApps and more than 45 governance member partners, spurring the popularization of Web3 as Asia's largest blockchain ecosystem.
  • "We plan to build Asia's largest blockchain ecosystem with the diverse opinions from our partners and community that we gathered during the merger proposal process."

Klaytn and Finschia Jointly Propose a Chain Merge to Create Asia's Leading Blockchain Ecosystem

Retrieved on: 
Tuesday, January 16, 2024

Klaytn Foundation and Finschia Foundation have submitted a proposal to merge the two blockchains to create Asia's Web3 technological and ecosystem powerhouse.

Key Points: 
  • Klaytn Foundation and Finschia Foundation have submitted a proposal to merge the two blockchains to create Asia's Web3 technological and ecosystem powerhouse.
  • The proposed new blockchain will be compatible with both EVM and CosmWasm, inheriting the strengths of both Klaytn and Finschia.
  • The proposal also details the replacement of KLAY and FNSA with a new native coin that features improved tokenomics and no ecosystem reserve.
  • SINGAPORE, Jan. 16, 2024 /PRNewswire/ -- Klaytn Foundation, established to build and decentralize the ecosystem of South Korea's leading Layer 1 blockchain Klaytn, has teamed up with Finschia Foundation, the operator of the Finschia blockchain developed by LINE Tech Plus, to propose the merger of the two existing blockchains into a new mainnet.

Klaytn and Finschia Jointly Propose a Chain Merge to Create Asia's Leading Blockchain Ecosystem

Retrieved on: 
Tuesday, January 16, 2024

Klaytn Foundation and Finschia Foundation have submitted a proposal to merge the two blockchains to create Asia's Web3 technological and ecosystem powerhouse.

Key Points: 
  • Klaytn Foundation and Finschia Foundation have submitted a proposal to merge the two blockchains to create Asia's Web3 technological and ecosystem powerhouse.
  • The proposed new blockchain will be compatible with both EVM and CosmWasm, inheriting the strengths of both Klaytn and Finschia.
  • The proposal also details the replacement of KLAY and FNSA with a new native coin that features improved tokenomics and no ecosystem reserve.
  • SINGAPORE, Jan. 16, 2024 /PRNewswire/ -- Klaytn Foundation, established to build and decentralize the ecosystem of South Korea's leading Layer 1 blockchain Klaytn, has teamed up with Finschia Foundation, the operator of the Finschia blockchain developed by LINE Tech Plus, to propose the merger of the two existing blockchains into a new mainnet.

CertiK Joins Finschia (formerly LINE Blockchain) Blockchain as Governance Member and Node Validator after Audit

Retrieved on: 
Tuesday, September 5, 2023

NEW YORK, New York, Sept. 05, 2023 (GLOBE NEWSWIRE) --  CertiK, the industry leader in blockchain cybersecurity, has completed a rigorous audit of the Finschia Foundation's 3rd-generation public blockchain and Ostracon consensus mechanism. CertiK is also joining the network as a governance member and validator node operator. This multi-faceted collaboration ensures the realization of shared core principles including security, transparency, and performance.

Key Points: 
  • CertiK is also joining the network as a governance member and validator node operator.
  • CertiK's participation as a governance member further strengthens the Finschia Foundation's mission to democratize blockchain governance and ensure transparent decision-making.
  • Their active participation as a governance member and node validator will play an important role in enhancing our network's integrity.
  • This partnership between CertiK and the Finschia Foundation signifies a unified mission to establish trust and security in the blockchain industry, reinforcing the belief that collaborations of this nature propel blockchain forward.

CertiK Joins Finschia (formerly LINE Blockchain) Blockchain as Governance Member and Node Validator after Audit

Retrieved on: 
Tuesday, September 5, 2023

NEW YORK, New York, Sept. 05, 2023 (GLOBE NEWSWIRE) --  CertiK, the industry leader in blockchain cybersecurity, has completed a rigorous audit of the Finschia Foundation's 3rd-generation public blockchain and Ostracon consensus mechanism. CertiK is also joining the network as a governance member and validator node operator. This multi-faceted collaboration ensures the realization of shared core principles including security, transparency, and performance.

Key Points: 
  • CertiK is also joining the network as a governance member and validator node operator.
  • CertiK's participation as a governance member further strengthens the Finschia Foundation's mission to democratize blockchain governance and ensure transparent decision-making.
  • Their active participation as a governance member and node validator will play an important role in enhancing our network's integrity.
  • This partnership between CertiK and the Finschia Foundation signifies a unified mission to establish trust and security in the blockchain industry, reinforcing the belief that collaborations of this nature propel blockchain forward.