Cryptofinance: a New Era in the Internet of Values

in #contest6 years ago (edited)

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Since its development, blockchain technology has become widely recognised as an advancement to traditional business transaction methods. While the latter is centralised with its resultant weaknesses, the blockchain is decentralized, replacing expensive intermediaries with automated, transparent, trustless,error-free and cheaper smart contracts.

However, while crypto technology is now beneficial in diverse areas of human endeavour, its functionality in finance where it took off is still greatly limited. Notably, several core transactions that are executed in the traditional finance world as yet hardly exist on the blockchain, for instance smart derivatives. The blockchain is plagued with problems which prevents interoperability on the platform which prevents its rapid development.

Problems affecting the blockchain
Interoperability
The blockchain as it is largely restrictive. There are several blockchains and platforms which are unable to interoperate, each with its respective token which is restricted to the platform. Tokens are not usable on another platform. Users have to go through costly exchanges to between blockchains. Also, blockchain necessarily keep diverse wallets to store the various tokens. For example,to receive tokens of projects developed on the Ethereum blockchain, users are required to users have an ER20-compliant wallet. Even projects are generally restricted to their platform of development.

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There is a glaring barrier between chains and organisations. Currently, Off-chain assets cannot be mapped on the blockchain.

Scalability
There are also problems wit scalability. Representation on and migration of off-chain values like derivatives, and fixed and physical assets to the blockchain is yet a laborous venture.

. .

usability
Blockchain technology in computing, programming, storage, communication and other areas which are crucial for seamless usability is still at a premature level, thereby retarding usability and the development of the crypto world.

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Fusion, An Inclusive Cryptofinance Public Blockchain
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Crucial to the development of the internet of values is an intervention platform that will serve as a connecting point for all. Fusion aims to fill this gap.

Fusion is an inclusive public blockchain that provides infrastructure and architecture for complete financial functions via smart contracts on the blockchain. This is a void that currently exist as a project on ground either do not address it or are inadequate.

Fusion is heralding a new era of cryptofinance for the internet of Values. The platform will enable developers to build applications that will allow multi-token smart contracts which will engineer easy and inexpensive direct across-chain transactions.Cross-organisation and cross-data source inputs will be mapped on the fusion platform.

As a public inclusive blockchain, Fusion will connect:
Currencies
Centralized and decentralized organisations
On-chain and off-chain data

Design and Architecture of the platform
Fusion will map blockchains to itself and enable cross-chain smart contracts through using distributed nodes to control the private keys of multiple tokens.

It will provide interfaces for communication with Off-chain data sources and organisations.

Fusion will utilise multiple triggering mechanisms to enable erstwhile complex smart contract functionalities on the platform like risk-free token loans and mortgage smart contracts with attractive incentives on the platform, and make them simpler, more easily available and less costly.

Fusion will make use of Distributed Control Rights Management which hands over the control of digital assets by individuals or centralized organisations to the decentralized nodes' management.

Finally, the platform will implement a Hierarchical
Hybrid Consensus Mechanism
[HHCM]

Token
Fusion is a project of the Fusion Foundation. The team comprises of highly experienced managers. The token, Fusion (FSN) has been designed to realise the vision of a new cryptofinance era.

Fusion Roadmap
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In the near future, as Fusion attract developers to its platform, the world will experience the complete internet of values with the blockchain featuring a wide range of off-chain assets; from pieces of land, to houses and intellectual Works used as mortgages, insurance, loans and other financial dealings.

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More resources
Fusion Website

Fusion Summary

Fusion Whitepaper

Fusion Telegram

Fusion Twitter

Fusion Reddit

Fusion BitcoinTalk

Fusion Medium

Fusion Video Page

Fusion LinkedIn

Fusion Facebook

Fusion GitHub

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