FUSION: An Inclusive Cryptofinance Platform Based on Blockchain (A new era of Cryptofinance) | How Fusion will change the world of Cryptofinance!!

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Due to the fact that today, interoperability, scalability and usability have remained big problemswithin the Blockchain ecosystem, all of which combined have hindered this technological progress and are the current bottlenecks that need to be addressed, Fusion believes they are the answer and they hope to create a new system: a value transfer infrastructure based on various tokens.

FUSION can convert values across various Blockchains and can fulfill almost all the three functionality of traditional finance, but in a distributed and more efficient manner, with substantial cost savings.

It also can achieve many unprocedent financial functions that cannot be imagined in scenarios of centralized organizations.

This is precisely what project FUSION is doing: to establish a public blockchain as an inclusive cryptofinance platform that, by breaking the bottlenecks of interoperability and scalability, can provide complete financial functions, leading to
an exciting new era of Internet of Values.

FUSION also utilizes distributed network nodes to control various types of tokens’ private keys and, in this way, it connects various values by establishing a control and management layer on top of all types of Blockchains. At the same time, it becomes feasible to build cross Blockchain smart contracts. In order to further expand interoperability and scalability, FUSION will also provide interfaces for centralizedorganizations and off-chain data sources.

It integrates the cryptocurrencies that exist today and even those to be born in the future, connecting centralized and decentralized organizations, balancing authentication and anonymity, and integrating both on-chain and off-chain data.

FUSION is reconstructive. It redefines the way in which values are transferred and the relationships between participants. It is able to support all sorts of financial services in a unique way, which makes values flow in a more efficient and fundamentally-changed manner.

Because of this new method of value transfer and transaction flow, they anticipate certain existing financial products to be rendered irrelevant in the future. FUSION is highly scalable andby using a Turing-complete virtual machine, it opens a window for society to realize cryptofinance across different blockchains and tokens, creating many possibilities that were previously unimaginable.

They have finished the proof of concept, which includes inventing new technologies such as distributed key generation, distributed key control, lock-in and lockout technology, multiple triggering mechanisms for smart contracts across different blockchains, external information input interface, hierarchic hybrid consensus and more, to ensure that FUSION is both feasible and highly robust.

Project FUSION will continuously embrace community. It will use token mechanisms and a foundation to continually foster all kinds of communities such as technical communities, college communities, user communities, investment communities, node participant communities, central organizations, and data source providers.

After the initial establishment of the main-net and activities on FUSION, they will continue to work with various communities, financial institutions and academic institutions to develop further cryptofinance technologies and support to build financial DApps on top of FUSION.

The benefits of having a cross chain financial platform | Howfusion help propel forward the “Internet of Values.”

Fusion will provide Cryptofinancial functions for example;

1. It has provided the distributed control rights management of tokens which has enabled the interaction among different digital assets and has become the object to be defined and programmed for FUSION’s cryptofinancial smart contracts. Therefore, it has the capability and the necessity to implement the cryptofinancial functions such as multi-role, multi-token and separation of usufructs.

2. Fusion has the ability of a cryptofinancial smart contract to support multiple different account types and at the same time to define the relationships between multiple users and multiple smart contracts.

3. Fusion supports Multi-token. That is, even after mapping different digital assets to FUSION via Lockin, the relationship between multiple different digital assets can be defined simultaneously by a smart contract on FUSION.

4. Fusion has helped in the separation of usufructs meaning that the usufructs and ownerships of digital assets
   can be separated. The current smart contract can only transfer tokens as a whole from one party to another party and it is not possible for one party to obtain ownership of the digital asset while the other party acquires the usufruct of the digital asset, which means the ownership and the usufruct is inseparable in traditional smart contracts.

In acryptofinancial smart contract, it is easy to define more than two user accounts or contractual accounts in one contract, and in this way it can separately define accounts of ownership and usage and realize financial transactions such as mortgage lending between different digital assets.

What are some use-cases for Fusion?

From the above we can see that the rise of blockchains gives people a vision of the prospect of the Internet of Values, and the Internet of Values represents the future of human civilization.

However, there are still bottlenecks in the interoperability, scalability, and usability of the Internet of Values, which makes it difficult for the current Internet
of Values to support cross-chain value transfers, cross-chain smart contracts or heavy applications, and also hinders the migration of large amounts of off-chain values to the Internet of Values.

But solutions that break these bottlenecks have yet to appear. Since usability is a long-term and gradual improvement process, interoperability and scalability have become the major issues to be solved so far.

As cryptofinancial assets are presented in the form of tokens, as long as multitoken smart contracts can be realized, they can greatly enhance the interoperability of Internet of Values and make increase scalability much more easily.

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The current crosschain technology is generally side-chain technology, which through a two-way peg moves transactions to side chains and realizes the exit from side chains by multiple signatures.

Such an approach can only achieve atomic transfers, and the performances in almost all aspects are not good enough.We need to build a public chain, and in a more innovative way to allow different tokens to be mapped to this public chain, which can make these tokens in the same chain to achieve multi-token smart contracts.

By this way, we can greatly increase the interoperability of the Internet of Values and this public chain will surely become one of the most important infrastructures for cryptofinance.

Not only does it communicate values on different blockchains, but it also provides interfaces with centralized organizations and off-chaindatasources to improve the scalability of the Internet of Values.

How will different tokens be expressed on a new public chain?

1. Fusion envisage that the tokens’ private keys on various blockchains can be securely controlled in a distributed fashion by a public chain and in this way the blockchain manages the control rights of tokens and it will be like a freeway in the Internet of Values, which can easily implement the value transfers between various tokens and
   multi-token smart contracts to provide various cryptofinancial services. Because of the wide variety of values, including blockchain tokens, off-chain assets, identity data, and other kinds of data, all of which are values, they can be express on blockchains through various tokenization technologies.

2. There will be many blockchains for future scenarios. Since almost all blockchain tokens are controlled by private keys, values on the Internet of Values can be distributedly managed by smart contracts as long as the private keys of their tokens can be controlled by distributed nodes of a public chain. By Turing-complete smart contracts, the public chain can also provide various functions of cryptofinance in a more sophisticated form. This blockchain, which connects all tokens, does not require complex logic for various application scenarios. Fusion’s purpose was to create a layer of management across all blockchains, enabling all tokens to interact. Because it does not need to run heavy application logic, in its current usability it is capable of fulfilling various cryptofinancial functions. It can, to a great extent, alleviate the pains of bottlenecks of interoperability and scalability, and become an important infrastructure in the era of the Internet of Values.

How the ability to map chains and transaction logic will improve interoperability.

Fusion kgroup has prepared FUSION for the cryptofinancial era! FUSION will connect various values by establishing a layer of control management on top of various tokens through a distributed management of the tokens’ private keys and by providing ports both for central organizations and for external datasources and in this way solve the key problem of insufficiency in interoperability of the current Internet of Values.

The problem faced is that values exist in different blockchains, centralization organizations, and data centers, and the Internet of Values requires such public chains or other solutions that can communicate different blockchains, different centralization organizations, and different data sources, and can not only transfer values but can also run smart contracts.

As to interoperability, while the Internet of Information has been able to transfer and program texts, pictures, audio and video as a unified bit information, the Internet of Values still has difficulty communicating values in different blockchains, not to mention off-chain values and off-chain data

As cryptofinancial assets are presented in the form of tokens, as long as multitoken smart contracts can be realized, they can greatly enhance the interoperability of Internet of Values and make increase scalability much more easily. Fusion will need to build a public chain, and in a more innovative way to allow different tokens to be mapped to this public chain, which can make these tokens in the same chain to achieve multi-token smart contracts.

By this way, we can greatly increase the interoperability of the Internet of Values and this public chain will surely become one of the most important infrastructures for cryptofinance.

Not only does it communicate values on different blockchains, but it also provides interfaces with centralized organizations and off-chaindatasources to improve the scalability of the Internet of Values.

To solve this problem, fusion will;

First, map tokens to the FUSION’s public chain by putting their private keys under the control of FUSION’s distributed nodes and in this way all the tokens acquire interoperability in the same blockchain.

The Internet of Values has bottlenecks in interoperability and scalability and requires multiple parties to improve them. The FUSION project is closely related to the breakthrough development and progress in these two bottlenecks. We will contribute to improve them by launching the Blockchain Interface Standardization Movement. This will be a long-term effort for the FUSION Foundation.

What are the benefits of being able to use traditionally bank-operated financial tools in a decentralized manner between cross chain users

The benefits of being able to use traditionally bank-operated financial tools in a decentralized manner between cross chain users is;

1. They help to transform customers’ liquid deposits into long-term financing for corporates and individuals, and rationing, allocating and pricing this financing.

2. They help in acting as intermediaries in cash transmission mechanisms including payment systems.

3. They also help in acting as intermediaries and market-makers in securities markets.

4. Also, they help in acting as public policy tools for governments, for example by expanding lending to favored sectors or to spur growth.

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https://steemit.com/crypto/@originalworks/370-steem-60-bonuses-sponsored-writing-contest-fusion

https://www.fusion.org

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