Fusion-Future of Finance in the world of Crytofinance

in #blockchain6 years ago

images (4).jpgsource

INTRODUCTION

I can vividly remember sending hand written letters to my parents when I was in boarding school. The Inefficiencies and difficulties attached to such traditional system especially based on the time frame for letters to be received, made postal service unsuitable has technology gradually approached.

This above scenerio was steadily eradicated where new systems were created to posses the functions of postal service but in a better and more efficient way. This is a clear example of what Fusion(future for finance) is set to do in the blockchain thereby creating a new, better and efficient system for financial system. The functions of financial system still holds but in a reliable and effective manner.
PhotoGrid_1528684150410.pngsource
Many financial organizations and projects have seen to be established rapidly with an aim of possessing quality of efficiency and the capacity of interacting reciprocally with other system but many of such project have failed thereby causing congestion in the blockchain, leaving it with various limitations towards having a direct interaction of values amongst one another on their stated goals both in a centralized and decentralized form but Fusion, which is set to change the world of cryptofinance, is highly reliable in order to avoid barriers associated with group of systems interacting.
The question then is,
what makes Fusion
reliable, efficient and interoperable?
What makes it an optimistic future for the world of cryptofinance?

What is Fusion?
PhotoGrid_1528686176202.pngsource
Fusion(future of finance) is a decentralized independent platform aimed at creating easy access of interactions amongt several other platforms thereby making them compatible in the blockchain at a minimal cost. It's the answer to the prominent problems found in traditional financial system such as banks, where inefficiencies in compatibility and inabilities on operations to exist amongst multiple financial units are frequently occurred due to the outrageous cost involved.

In the Internet of value, where values are transferred from one place to another through tokens, Fusion is set to enable many or multi-tokens interact and share their respective values without any glitch.

How will Fusion
change the world of cryptofinance?

In the world of cryptofinance with various projects coming up, Fusion is aimed towards achieving an interchangeable operations amongst financial systems in the blockchain. What are those sufficient qualifications that are aimed to achieve this goal? They are;
Inclusive.png Fusion
1) Co-operations with various systems: financial institutions like banks, cryptocurrency companies and many app developers are aimed to be co-operated by Fusion Inorder to broaden the financial system Interactions In the blockchain. With such quality, Fusion is on its way to change the world of cryptofinance in a manner that is efficient and easily accessible.

2) Its inclusive nature:
Fusion is providing maximum acceptability of both centralized and decentralized financial system to experience a different experience on Fusion blockchain. APIs are created to accept different cryptocurrency tokens which makes it easier for other system to access the blockchain.

3) Interoperable quality:
It is seen that there have been limitations for multiple contracts and interactions of systems to be successful administered in the crypto world but Fusion is able to organise multi-contract with individuals still maintaining ownership in the blockchain.

4) Independency:
Fusion is independent from external interferance that will dictate their decision on various operations.

5) It's intelligent quality:
Fusion has seen to be smart thereby appropriately making changes and ability for multiple smart contracts to be applicable in the blockchain.

6) It's scalable:
It enables different block chains to see many possibilities in cryptofinance world.

What are the benefits of having a cross chain financial platform?
Cross chain financial platform allow agreements and interactions of entities from different blockchain. The benefits accruing to this are:

1) Easy and open transaction network:
It allows different entities to make transactions from different blockchain. It provides a situation where Bitcoin can be exchanged for other currencies like EOS.

2) It is convenient:
It allows users to store their various currencies in their online wallet. This shows a level of ease in various possible exchanges made.

3) Speed in transactions: unlike traditional and past financial system, where individual time is not properly managed because of mere financial transactions. But cross chain financial platform enables fast transactions made by different entities from several block chains. Sending and receiving cryptocurrency is very much fast in the blockchain
1-n123CXqBEQGp6d_GYb4AMQ.pngFusion

How will Fusion help propel forward the "Internet of Values"?
Fusion creates a new system where various blockchains technology allows anyone or entity both decentralized or centralized organisations from various location exchange valued assets in a speedily, efficient and economic manner without any external interference from various centralized entity such as banks and other financial institutions. It would basically push the Internet of value upward due to the quality of value transfer on various cryto token. With this, values are transmitted easily from one place to another which automatically improves the Internet of Values.

What are some use-cases for Fusion?
There are basically three use cases for fusion, which are:

1) Case 1: Risk-free Token Loan
This is where people from different blockchain can lend and borrow based on their currencies. It's a risk-free token loan, which means that the cost of loaning is at a minimal cost.
click here to know more

2) Case 2: Risk-free contracts market
This is where smart multi-contracts are made from different blockchain market with no risk or extravagant cost.
click here to know more

3) Case 3: Mortgage smart contract
Secured loan is where the purpose are specified to the lender, this is agreed by various systems on different blockchains. It is smart and Interoperable.
click here to know more

How does the ability to map chains and transaction logic improve interoperability?
Interoperablility is having several entities interacting and running transactions efficiently without no intermediaries or barriers. This is one quality of the Fusion blockchain where operations from multiple systems can trade and partner together. One thing that is definitely unique about the Fusion blockchain is that, it accepts smart assets from off-chain shore. This unique characteristics enables the efficient mapping of chains of various entities either in or out of the blockchain which will broaden the blockchain financial system. Their abilities are based on risk-free contract market, risk-free token loan and mortgage smart contracts that triggers the characteristics of Interoperability.

What are the benefits of being able to use traditionally bank-operated financial tools in a decentralized manner between cross chain users?
Using traditional financial tools in decentralized manner would increase the operations accrued in the blockchain. Even if Fusion creates a new and efficient way for financial system, the functions of the traditional financial systems are still correlating to the decentralized and efficient financial system where Fusion is seen to be at the top. Thus, It will greatly benefit by elevating it activities among the cross chain interactions of various entities in different blockchain.

Fusion all the way!

In conclusion, Fusion have proven to be ready to take the cryptofinance market to a new dimension. Their amazing ability for multi-smart contracts, is a way of changing the old and inefficient settings of traditional financial system.

It's @magatha and am enlightened too.
To be a part of this amazing contest writing about Fusion click here at original works

For further Informative piece about fusion, read below:
fusion

fusion2018

Sort:  

This post has been submitted for the @OriginalWorks Sponsored Writing Contest!
You can also follow @contestbot to be notified of future contests!

Coin Marketplace

STEEM 0.31
TRX 0.11
JST 0.034
BTC 64332.82
ETH 3146.25
USDT 1.00
SBD 4.17