Fractal FRA Price

What is Fractal (FRA)?

Findora, a groundbreaking blockchain-based financial infrastructure, was officially launched in 2021, evolving from its initial conceptualization in 2017 as a university cryptography research project. Its mission is to forge a decentralized financial network that offers not only the issuance of confidential assets and smart contracts but also a unique blend of privacy and transparency. The core of Findora's offering is its dual-chain architecture, which integrates a Smart Chain (EVM layer) for broad compatibility with other EVM chains like Ethereum, Polygon, and BNB Chain, and a UTXO layer optimized for privacy through advanced zero-knowledge proofs. This architecture enables the protection of sensitive transaction details such as token amounts, types, and even wallet addresses, all while maintaining compliance with regulatory standards.

The distinctive feature of Findora lies in its ability to combine the programmability of Ethereum-like environments with advanced privacy functions, courtesy of its unique Layer-1 protocol. This dual-layer architecture, comprising an EVM chain and a UTXO chain, both powered by a Tendermint-based consensus mechanism, allows for the seamless integration of privacy-enhancing features into decentralized applications (dApps). Developers can utilize Solidity for creating dApps and easily integrate privacy features using Findora's SDKs. This integration enables the creation of a new breed of dApps that can cater to mainstream business use cases while upholding the essential tenets of confidentiality and transparency.

Findora’s innovation extends to staking and validating processes as well, allowing participants to support the network's security and earn rewards through staking FRA tokens. The network's design emphasizes the importance of privacy in financial transactions, mirroring the privacy standards of traditional finance, and positions itself to be a key player in preparing Web3 for widespread adoption. By offering a platform that blends the benefits of EVM programmability with next-level privacy functions, Findora is not just another blockchain project; it's a pivotal development in the evolution of decentralized finance, aiming to redefine the norms of transactional privacy and auditability in the digital age.

What is unique about Fractal (FRA)?

Findora (FRA) uniquely integrates a dual-chain architecture, combining EVM compatibility with advanced privacy through zero-knowledge proofs, launched in 2021.

Who are the founders of Fractal (FRA)?

The founder of Findora is formerly known as CipherTrace.

Who are the backers/investors of Fractal (FRA)?

Findora has garnered support from Andreessen Horowitz (a16z), Polychain Capital, Sequoia Capital, Digital Currency Group (DCG), Coinbase Ventures among others.

What is the consensus mechanism of Fractal (FRA)?

Findora uses a Tendermint-based consensus mechanism for its blockchain operations.