Fusion: Changing the world of cryptofinances

hasbydiaz (51)in #crypto • 6 years ago

Despite the market swings, ICOs continue to flourish, and many investors continue to make a profit. During the last year, more or less, blockchain technology has been gaining popularity on a large scale. Providing many benefits to society; the most notable advantage is that it increases the level of trust and security among organizations.

Technology is so revolutionary that it takes us away from the "Internet of Information" to the "Internet of Value", also known as "Internet 2.0".

The Internet of Information brought a great change in our daily lives, and the Internet of Value is about to change it again by introducing digitalization, decentralization, and inclusion in the process.

Blockchain provides a secure and direct way to exchange money, digital assets and other properties, without the participation of intermediaries and third parties (such as banks, the government, etc.).

Undoubtedly, one of the most promising and exciting uses of blockchain technology is within the financial sector. However, until now, we have not yet seen any real progress closing the gap between centralized and decentralized organizations.

Fusion accelerates and improves

Fusion is a public block chain that can connect all other block chains and external data sources, in addition to providing full financial functionality, allowing even to use several cryptocurrencies without problems. It also allows connecting smart contracts with each other, empowering the user to perform complex transactions that are impossible until now in the blockchain. The final result will be the simplification of the interoperability between the different blockchains.

It is designed to solve the three main problems within blockchain ecosystems: interoperability, scalability and usability. As it is, these act as bottlenecks in the new Internet. As we get closer and closer to the era of Internet 2.0, Fusion aims to create a new system that allows the transfer of value in terms of tokens.

Fusion provides a complete financial package. There users can easily transfer value from one point to another.

It will be a faster, more scalable and, ultimately, more efficient system than other solutions. This is largely due to its unique hybrid consensus mechanism of Participation Test (PoS) and Work Test (PoW). It will fulfill practically all the functions of traditional financing, but in a distributed way, more efficient and less expensive than before.

Fusion has created the FUSION token (FSN) that will be used to facilitate the processes (PoW) and (PoS) in the platform.

Conclusions

FUSION says it is the first public blockchain that "provides a tangible solution for all digital currencies," by building an interconnected financial ecosystem, a system that can connect a variety of cryptocurrency tokens that allow for complete financial functionalities that still they have not been explored using blockchain.

And for this he has a strong commitment to support and foster his community through what the company calls a new ICO mechanism. This so-called "ICO-type FUSION" not only allows everyone who wants to participate to do so, but also eliminates the current "Gas Wars" format and allows a balance between small and large investors.

With 323 lines of intelligent contract code and without using the server and the cost of security, the FUSION VPS intelligent contract performs a fair international token distribution. This is exactly the value of the blockchain they promise. The FUSION Foundation aims to make smart contracts really smarter and, in fact, usher in an era of crypto-finances.