Introducing "FUSION"- CryptoFinance Has Taken A New Dimension

mrrpiusz (60)in #blockchain • 6 years ago (edited)

Our Ever-Changing World and how it Affects our Financial System.

In the world we live in today, the economic and financial capability of an organisation or nation, goes a long way in determining the level of prominence and importance such organisation or nation holds.
Great countries in the world today are classified based on their improved level of technology, military workforce, structural and infrastructural development and a whole lot of important criteria used to determine a successful nation. It is important to note these factors aformentioned, revolves around a major factor; Financial Capability.
The issue of Finance, goes beyond a nation or even an organisation, it also is a major issue that affect every human on the planet.
Our ever-changing world has exposed us to various forms of technology which is helping in enhancing our financial system daily.

Blockchain Technology is Changing our Financial System Positively

The introduction of Blockchain technology brought in a whole lot of possibilities whereby the way our finances are managed takes a whole new positive twist. Blockchain's ability to provide a decentralized platform whereby every businesses could thrive, with less stress and more finances with little or nothing attached makes it different and better compared to centralized platform where it is the absolute opposite.
The special benefits the blockchain technology provides is really outstanding. The stakeholders enjoys most importantly security benefit which is essential for financial growth and stability in businesses, whereby you are assured of information safety, zero percent fraudulent activity by any party involved, reliabilty, speedy operations, freedom to explore more beneficial features which centralized platforms cannot offer.

The Problems Faced by the Blockchain Technology

In as much as the blockchain technology offers outstanding performance, it is not devoid of setbacks and challenges too. The blockchain presently is facing a problem of Flexibility.
Blockchain technology doesn't provide room for easy inter-blockchain application transactions. This makes transferring value from one blockchain to another hard or in some cases almost impossible. Also also moving data across blockchains has been tough, and they exist mainly as separate entities.
The problem of Speed and Scalability is another challenge being faced by blockchain technology. Due to large number of transactions being facilitated on the blockchain servers, they tend to slow down. This issue is largely evident on the Bitcoin blockhain where some transactions takes days to process.
The blockchain ecosystem is full of potential but due to limitations like these, the progress of Blockchain in terms of global adoption in various fields of life is going at a very slow pace.

FUSION Provides a solution to Blockchain Problems

What is FUSION?

FUSION is an inclusive public blockchain that provides the infrastructure and architecture for fully fledged financial functions on the blockchain

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Fusion provides a platform which helps facilitate the ability to move value between cryptocurrencies and across blockchains. This means that with Fusion, data will no longer be confined and limited to a single blockchain, it is now possible to exchange between multiple parties in the cryptofinance space without any limitation and at great speed. Now inter-blockchain transfers can be done easily and swiftly, complex transactions which would take days or sometimes weeks to process before, coyld now be done in minutes with the help of Fusion.

The FUSION Vision

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FUSION Aims at Improving "Internet of Value"

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The "Internet of Value" might seem like an unfamiliar term which is why I would love to throw a little light on what it involves before I proceed.
Since the introduction of the Internet, the tranfer of data and resouces between two or more parties have been made easy through this medium (internet), The ability to transfer value between two or more parties through the internet, brings about the "Internet of Value" concept.
The Internet of Value is really a promising concept which in its early stages has made outstanding progress, but it also has its flaws, some of which include: Flexibility (in terms of usage), Scalability and Interoperability.
The problem of Interoperability is associated with the fact that the Internet of Value is unavle to facilitate transactions between two different blockchains, also Off-chain transactions cannot be facilitated. Users are also unable to perform complex transactions on the network which is clear evidence that the Internet of Value has a long was to go if it aims to be fully adopted in the Cryptofinancial Sector.
The goodnews is that Fusion aims to bridge that gap and provide solutions to these problems faced by the Internet of Value. Fusion has provided a vast platform whereby the problem of interoperablity, usability and scalabilty are solved completely. The mapping of tokens to the Fusion’s public chain by putting their private keys under the control of Fusion’s distributed nodes is really a genius move aimed at solving the problem of interoperability, with this put in place, complex value transactions which is almost impossible to perform can now be done with ease on the network.

Summary

With advancement in technology happening in our world daily, more problems are being solved in order to ensure that the easy running of daily activities globally especially based on Financial matters.
Fusion promises to bring positive change to the Internet of Value and blockchain all for the general advancement of Cryptofinance globally. With Fusion, the aim of global adoption of blockchain technology in every aspect of our lives including Finance, Health, Engineering, Agriculture and a whole lot more can be actualised sooner than expected.
Fusion, aims at improving Financial freedom on the blockchain and will surely change the entire scope of cryptofinance in our everchanging world.