Fusion: Bridging the Gaps of Blockchains' Cryptofinance

in #cryptocurrency6 years ago (edited)


One of the greatest inventions human race has ever created is the construction of transport infrastructures allowing greater connectivity from one place to another. Roads, Highways and Bridges have helped mankind in creating better accessibility to markets, employment and investments. Over the centuries, these physical connections have greatly contributed to the development and the economic growth across different nations. Without these, humanity will surely fail to thrive.


Now, just imagine if you are living on an island with your family. You may have a tribe or a community that caters your needs and security, but you will never be able to interact or explore other islands if there are no transport infrastructures available for connectivity. You will just be limited to such island -- waiting for the time of your demise.


But if some entity is generous enough to build a bridge from your island to another, then ease of connection will be possible. Your island is now able trade resources and exchange services with other landmasses, leading to the mutual essential growth and development, both socially and economically.

Now, you may be wondering why I am saying all these things, when in fact, it has nothing to do with blockchain technology and the new era of financial state that we are currently embarking. Well, this may be extremely irrelevant, but Blockchain’s Cryptofinance can be simply explained through the analogy of creating transport infrastructures.


The Blockchain Bridge Analogy

Would you believe that connectivity issues are also occurring in the world of Cryptocurrencies? I know, it seems unbelievable considering blockchain is already known for creating peer-to-peer transactions with an utmost level of connectivity.

B1.pngTwo blockchains that can hardly interact with each other

However, what I am trying to point out isn’t the totality of blockchain’s usage, but the blockchain platforms’ weak interoperability or the ability of the blockchain system to work with or interact with other systems.

We normally see different blockchain platforms doing their own thing without caring much about what is outside their systems. Anyone having a virtually-genius mind can create his own ERC20 token complete with a whitepaper, a fancy website, and an ICO with a target marketcap of a few million dollars. And before you know it, various blockchain technologies have already sprung in front of your eyes.

As the blockchain technology becomes more diversified, the connectivity and compatibility across blockchain platforms become harder to attain and costly to realize. Thus, having a blockchain-based technology that could bridge the gap between these blockchain islands becomes more necessary as the time advances.


Fusion: Bridging the Gaps of Blockchain’s Cryptofinance

B1 (2).pngBridging the gap of blockchains having diversified systems

Fusion, an inclusive public blockchain aims to provide a solution to increase the interoperability across blockchain platforms. This will not only create stronger connections but will also build greater compatibility between on-chain or blockchain-based tokens, thus creating fast transactions at a much lesser cost.

@smaeunabs (2).pngFusion as the "Blockchain" of Blockchains

Simply, Fusion will work as a public blockchain of "operating system" that sits on top of existing blockchains, providing a unified interface for all of them. In addition to that, Fusion will not only focus in fixing interoperability issues but also in enhancing scalability and usability -- changing the world of Cryptofinance like we’ve never seen before.

Untitled design (13).pngCreating a link between Centralized and Decentralized Financial Systems

What’s more interesting about Fusion is its ability to incorporate centralized financial assets occurring outside the blockchain, which are also termed as off-chain assets, bridging the gap between centralized and decentralized financial entities.


How Will Fusion Help Propel Forward the “Internet of Values"?

Blockchain technology enables anyone from all parts of the globe to enable the exchange of any virtual asset in an instant and economic way without any intervention of centralized entity such as banks or middlemen. This can be made possible by creating a virtual infrastructure of value transfer based on various crypto tokens, which is also known as the Internet of Values. In connection, all financial activities concerning the Internet of Values can be termed as Cryptofinance.

Rather than improving the conventional way of financial transactions, Fusion created a new system, utilizing the power of blockchain in converting tokens of various dispersed blockchain platforms in a well-organized manner, while ensuring the savings cost. Fusion will enable its users to still enjoy the same or even exceed the benefits of what traditional and centralized financial institutions can offer.

This will all be possible through Fusion’s well-thought interface as follows:

Inclusive.pngFusion Blockchain's Characteristics

  • Inclusive. Fusion will not only be limited to decentralized or on-chain tokens. It will also cater off-chain assets or the traditional financial products outside the virtual world. This will help connect both centralized and decentralized financial entities while ensuring authenticity and anonymity between the platform and its users.

  • Reconstructive. Fusion continues to revolutionize ways on how to adapt to the current financial services, aiming to support all sorts of monetary activities both on-chain and off-chain systems.

  • Highly scalable. Fusion’s ability of computing financial processes and transactions are made possible by using a Turing-complete virtual machine. The efficiency that it brings will create even more financial opportunities across different blockchains and tokens.

  • Interoperable. Fusion lets other blockchain platforms and tokens being mapped onto its very own public blockchain while giving both the on-chains and users enjoy having seamless connections.

  • Intelligent. Fusion will be running transactions via smart contracts. These contracts are truly smart that human intervention will not be needed to execute or implement transactions being set within the contracts, since multiple triggering mechanisms are already integrated in the FUSION protocol.

  • Innovative. Fusion lets cross-chain, cross-organization, and cross-datasource be mapped into the FUSION blockchain, creating a bridge between centralized and decentralized financial systems.

  • Independent. Fusion is absolutely having a sovereign public blockchain system without being dependent on any intermediaries or third-party entities.


The Three Use-Cases of Fusion Blockchain

To better understand the different functionalities of the Fusion Blockchain, three videos were created by their team, citing different financial scenarios that can be executed within its interface. You can check it in the following links:

Here, I’ve made some comparisons of what FUSION Blockchain can offer versus what Traditional Finance and Typical Cryptofinance offer:

Case
Traditional Finance
Typical Cryptofinance
FUSION Blockchain
Risk-Free Token Loan
Similar to having a fiat money loan but you will still have to deal with middleman fees.You are issued with smart contracts, serving as a trust mechanism.You can borrow in any currency, and not be concerned with trust. This will enable blockchain-based financial transactions to be automatic, transparent, and established.
Risk Free Contracts Market
Bank draft will be issued by the bank.Smart contract is issued make sure that the draft holder will receive the tokens.A new draft smart contract will emerge since the control rights of the token flow can be traded by the owner.
Mortgage Smart Contract
The borrower is obliged to pay back within the mortgage duration. It is secured by collateral being specified in the real estate property contract.N/AInvestors have a direct contact with the borrower or mortgagor while being secured by a smart contract.

Some blockchain networks like Cosmos and Ripple aim to develop cross-chain interactions with greater interoperability and scalability, but Fusion Network is incomparable to these existing platforms.

Unlike any other blockchain-based networks, Fusion is capable of creating smart contracts that could accept and hand out any kinds of crypto. It can even allow off-chains or non-blockchain based assets be integrated into its network. As a result, creation of risk-free loan contracts, distribution of royalties, and collection of mortgage payments can be made possible as cited in the three-use cases of the Fusion Network above.


Fusion: The Future of Cryptofinance

The current financial system being mapped onto the blockchain structure already seems to be the new trend of economic commercialization. However, we cannot deny the fact that the traditional financial systems are very hard to let go since we are already accustomed to it for ages, but we cannot just let ourselves be bounded by its walls. We have to move forward and adapt with the current financial system available in front of us.

Still, incorporating both the conventional and the modern way of executing financial transactions seem to have an increasing gap as we move along with the current financial trend based on blockchain. As what Isaac Newton said, we built too many walls and not enough bridges.

Untitled.png

With the help of Fusion, a public blockchain that has been developed to fill the gaps between incompatible finance systems, we will be able to continuously embracing diversified financial structures -- making Fusion as the center of the Cryptofinance World.

Fusion is developed by DJ Qian, who is also the founder of VeChain and Qtum. So just imagine how solid this Fusion blockchain network is, considering the reputation, competency, and credibility of its team.


GIF Sources: 1, 2
Disclaimer: All the other photos are being taken from FUSION's Resources unless otherwise stated
This is an official entry for @originalworks' Writing Contest

More Information & Resources about The Fusion Blockchain:
Fusion Website
Fusion Summary
Fusion WhitePaper
Fusion Telegram
Fusion Twitter
Fusion Reddit
Fusion BitcoinTalk
Fusion Medium
Fusion Videos Page
Fusion Linkedin
Fusion Facebook
Fusion Github

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Ill pass for now LOL. Happy Winning!

Yay sige lang daghan pang next time hahahahha

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
FSNFusion4.713$0.87%-17.55%
QTUMQtum11.756$1.28%-13.84%
VENVeChain3.369$1.23%-12.99%
XRPRipple0.597$3.81%-9.01%

kakaibang comcept yung fusion of crypto currencies ha sana maganda din ang effects niyan..

Hindi ko pa natry ma invest sa tokens nila but marami na akong naririnig na good feedbacks :D

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