FUSION: THE NEW ERA OF CRYPTOFINANCE

josefpius (51)in #crypto • 6 years ago (edited)

This global advancements the world currently faces cuts across all spheres of life. Sectors are currently devising means to meet up with the global thrend so as not to be on the loosing end to these new innovations. Why shouldn't they?

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The financial system of any country is the backbone of such countries. The person,organization or people that control the finance of the economy countrols the whole economy itself. The financial system of an economy allows the free and steady flow of currencies, these currencies are tradable denominations and it differ for one another. This system allows and encourages exchange within this sector which is relevant to the growth and success of that economy. Every system must also allow a free flow of funds which can vary from money, credits and finance.

To adequately ensure that these systems are monitored and supervised financial institutions were put in place to help enhance the functionality of these organizations. You can call it structure. For a system to stand it needs to be structured the same way a building without a proper structure cannot stand likewise these systems without a structure.

The introduction of crypto currencies have revolutionalized the global financial system. Crypto currencies is like a virtual and real medium of exchange which works by cryptography. Crypto currency introduced an imitiable and new medium by decentralization these has put other financial institutions on check and has also change the perspective as to how finance is being viewed. But like it is said, heavy is the head that wears the crown, with great achievement comes great challenges. In advancing, we also are prone to face advance challenges too.

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Fusion

The hunger for more has become insatiable and people now desire new infrastructural advancement on the blockchain network with a complete dose of everything. They desire a system that links tokens together, erasing the departmental differences and also builds a connection between centralized and decentralized networks.
Fusion doesn't totally eliminates the former method called "postal method" but rather created an entirely new method which is the "Email system".

The Evolution

The internet of value is allow a free transference of values without restrictions the same ways data is also transmitted. Financial currencies are assets and there should be no restrictions in transfers of values. Fusion works using the blockchain platform which will help allow multi tokens transferability. With these developments the system lacks a direct method of operations and transfer of values on the several new platforms being created. This has its own advantages but it also restricts the use of the blockchain technology to some separate sector.

Example

Let's imagine I want to purchase a property which is owned by an investor, I will have to go through a borrower who stands in as the link between myself and the investors. The investor makes sure that I as a buyer and the middle man being the borrower is adequately taken care of. In this senerio the borrower is unable to pay on time but my using fusion the borrower is eleminated. This process is achieved by using smart contracts and it profits the investor as he gets a higher return and the borrower gets a lower interest different from the absured rate fixed.

The future of Fusion

As Cryptofinance is gradually taking over, fusions aim and goals is to ensure that's there is a direct link for value transfers without limitation. It means that values can be transferred directly because they are connected through the blockchain network. It aims at providing complete financial functions and also linking the centralized organization with the decentralized.

Internet of Things Vs Internet of values

The way the internet of things"5G"is going. It breaks every technological and systemic barrier which implies that at some point I should be able to sit at my office and lock my house door with just a single click, or I should be able to start my car engine with my phone. There's no limitations as long as you can imagine it. So also bringing in the internet of value aims at also breaking every bridge and barrier by ensuring that any value whatsoever can be traded, transfered and exchanged without barriers.