FUSION: THE WAY FOWARD IN CRYPTOFINANCE

in #crypto6 years ago (edited)

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Hello everyone, my name is Dave and this is my entry for the @originalworks contest
370 STEEM + 60 Bonuses ~ Sponsored Writing Contest: Fusion

The title of my article is on FUSION

Years ago, when cryptocurrency became a thing through Bitcoin, a lot of people including I myself became skeptical, we doubted the ability of this new mode of finance to make any impact on the world as a whole. Fast forward to a few years later, the rest is history, Bitcoin has made an overwhelming success that it became the most valued currency, not even counting cryptocurrency in the world of finance.
The Blockchain technology became a market place and cooperation for all sorts of cryptos and it brings about the greatest number of expectations but it did not come without a whole lot of concerns.

DELAY

This is caused by the fact that most times, transferring values of cryptocurrencies across different platforms takes up a lot of time and most times is very costly and error prone. This is due to fact that Third party involvements which in most cases are banks, leads to delays in getting these currencies to their final destinations.
An instance is the average time it takes for me to receive funds from an uncle who is based in London to my local bank in Nigeria which is roughly 2 working days
Hence, the need for an Email system of transferring values which is known as Internet of Values which can exchange as quickly as possible in the same manner we can send data instantly across the globe, arises.

INTERNET OF VALUES

This process implies that the values of several cryptocurrencies can be transferred and received instantly without hassle, just like one can send data instantly on social media and without an involvement of a supposed third party and can be used intermittently whenever the user wants, no matter the time or location.
It became obvious that what is needed is a connection of these blockchains due to the fact that lots of these blockchains that do not connect with each other in a "link", hence leading to the inability of values to be transferred instantly.
This is where FUSION comes in.

FUSION just as its name implies is developed into bringing together all the cryptocurrencies together in a form of integration which will integrate both centralized and decentralized organizations in a new form of crypto finance which be beneficial, efficient, fast and less expensive. It will hereby bring a better platform for proper interaction between the several blockchains for efficient cross chain transaction which will give more meaning to the "Internet of Values" FUSION will give meaning to the lesser known cryptos and give them a formal and better identity in the world of cryptocurrencies.

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FUSION is going to establish all these through the following means:

INTEROPERABILITY

Due to the dissimilarity between the several blockchains and their tokens, it becomes very difficult and costly to do cross transactions between them.
FUSION aims to bridge this gap and bring these blockchains to a common ground on value determination and less costly ways of transacting values. With this ability, several cryptos will be embedded into FUSION blockchain leading to better establishment of ownership and smart tokens.

INDEPENDENT

Gone will be the days of third party involvements which normally are efficient but most times time consuming and error prone. It will be replaced with a much better blockchain integration and value transfers. FUSION will surely set the pace.

INTELLIGENCE AND TECHNOLOGIES

FUSION will come with some nice technologies like the Distributed Rights Management ;which ensures that even though several cryptocurrencies are mapped onto the FUSION blockchain, their assets are securely protected and that no one is in complete control of their private key configuration.
Another technology is theMultiple triggering Mechanism which controls the timing of the Smart tokens used in case uses of FUSION. More information is provided thus as this article proceeds further.

CASE USES OF FUSION

RISK FREE LOAN

FUSION is providing a risk free loan operation which will allow users to be able to get a loan in one cryptocurrency and be able to pay it back in another cryptocurrency through the means of smart contact which is possible through
FUSION's interoperability.
The process is properly explained through this VIDEO

RISK FREE CONTRACT MARKET

FUSION also allows risk free contract market whereby a user can purchase a contract in one cryptocurrency which has been invested, on credit and be able to pay back during the end of the investment with an added interest depending on the duration of the Smart contract.
The process is explained further in this
VIDEO

FUSION MORTGAGE SMART CONTRACT
This is best explained using this
VIDEO
I couldn't have explained it any better than that.

The ability to map chains and transaction logic improves interoperability because it will bring a common ground for interaction between different blockchains and attach their values for an efficient relationship to occur.

FUSION'sinclusive financial platform and FSN token provide coders with a myriad of tools to create innovative applications, represent an advanced means for interaction between data-sources and institutions, and rejuvenate cryptourrency based financial protocols. Above all, FUSION takes the scalability, interoperability, and usability of blockchains to a whole new level, in order to formulate an innovative blockchain-based financial platform that is ready to embrace the new age of the Internet of Values (IoVs).

Finally, the benefits of being able to use traditionally bank-operated financial tools in a decentralized manner between cross chain users can never be overemphasized.
FUSION's ability to create a link between different blockchains allows the users to be able to transfer values between the chains easily with the least cost wherever and whenever they want without hassle just as the same speed in which they can send day on their mobile phones.
Therefore, FUSION is the future of crypto finance.
Thanks you @originalworks for the opportunity and for reading.

fusion2018

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Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin6796.820$-6.43%-9.97%
FSNFusion4.691$-8.03%-19.71%
SMARTSmartCash0.075$-10.82%-10.73%
STEEMSteem1.804$-13.27%-23.49%

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