FUSION - CREATIVELY REMODELLING THE WORLD OF CRYPTOFINANCE
INTRODUCTION
- Equality
- Limited shelf life
- Fair exchange
- Transportation and Storage of Goods.
- Hard time repaying debt.
With these issues arising, The Barter system was abandoned for a more intermediate Commodity system making use of Shells (Ancient China and Africa), Koku (inJapan), Shekel, Yap, precious metals etc. This was not a modification of the former system, rather it was a total remodelling of the Economic system of trades and finance.
Coinages which was first created in Libya in 700 BC revolutionalized the entire world as it paved the way to a whole new era of financial system. With the specialty of this innovations, there also came chalenges of counterfeiting, change in weight and changes to such coins.
The Chinese then invented paper money in the form of IOUs or notes. This invention caused a total metamorphosis of the financial system of the world on a large scale, it brought growth and development in such a way that the entire world has not rwvoveed from till today, as it has underwent several modigications but still retains its use in all countries of the world.
The Introduction of The Gold Standard acted as an improvement to the modification of paper money printing.
In the 21st century, a new system of money was introduced, In 2009 - The entire world stood at amazement to witness the intoduction of Cryptocurrencies and blockchains, and at that time- Bitcoins.
The Concept of CryptoFinance
The financial system of the world virtually controls every other system, health, social systems, economic systems, etc
The financial system available in the world so far is not flexible enough to allow for effectiveness in management and control. The fact that it is working in a centralized manner and only a few members of the society can have access to the major markings in the system, begs the Question?
How do we benefit from the internet Of Value financially?
The answer and solition to this lies in Cryptofinance.
Cryptofinance is a mordern financial ecosystem which seeks to combine together traditional financial processes, banks , financial institutions and other implements of the world's financial ecosystem in a decentralized manner.
This is the Vision of Fusion.
Fusion is a public blockchain which combines cross-chain platforms creating an inclusive crytofinance ecosystem.
Fusion Protocol Produces a smart contract which has high intelligible potentials, creating solutions to the interoperability, Scalability and usability challenges pesting the traditional finance system.
Fusion is innovative, It encompasses technologies such as the DISTRIBUTED CONTROL RIGHTS MANAGEMENT, whivh creates smart contracts and ensures that all tokens are mapped effectively, aligning different blockchains on the Fusion decentralised network.
Some of the Innovatory features of Fusion includes :
° Risk free Token Time-Lock
° Risk free Lock-in Lock -out mechanism
° Risk free Cross-Chain capabilities
° Short tojen addresses
° New token Issue
° Risk free Token Swap.
Fusion Protocol is independent which spuns from the fact that they totally have no affiliations with third party influence.
BENEFITS OF HAVING A CROSS-CHAIN FINANCIAL PLATFORM
Cross-chain financial platforms paves the way to a whole new world of financial system, opening the borders to a remodelling of the economic syatems to adaot to a brand new means of money movement.
Some of the benefits inclsdes:
° Ensured security of funds
° Long shelf life as cryptocurrencies fo not need to be printed and reprinted due to waer and tear.
° Extendable use of tokens in forms of Smart contracts and risk free loans.
° Cheap and effective Method of Management.
Ways by which Fusion would propel the Internet of values
Fusion is set to propel the internet of Values by creating possibilities and innovations in areas which were deemed impossible and which have been the major challenge of the Financial world Overtime.
They include:
√ Interoperability :
Fusion is created to ensure efdective communications between blockchains, companies and other cross-chain platforms.
√ Scalability:
This ensured effective utilisation of Decentralized systems and manufacture of projects based on smart contracts which would effectively introduce innovations in more ways than one.
√ Usability:
Challenges of usability of blockchain products would be minimal as Fusion would integrate Seamless and easy-to-use protocols in running the blockchain, making it easy for just anyone to access and utilize the products.
Some Case uses of Fusion .
Some of the case uses of Fusion includes:
∆ Risk free token loans.
∆ Risk free Contract Markets.
∆ Mortgage Smart Contract.
How MicroAsset Mapping and transaction logs would improve interoperabiliy.
Interoperability is only avhieved when all blockchains is mapped seamlessly into a singular system, this involves complex processes and utilization of several smart contracts.
To achieve this effectively, each token should be mapped to ensure its digital signature and to ensure originality of tokens.
This would go a long way to ensure trust from different blockchains and participation of more centralized platforms in this ecosystem.
Benefits of use of traditional bank-operwted tool in a decentralized manner between cross-chain users.
Cross-chain technology being introduced by Fusion would direct the world on a new path to finance, this would cause a remodelling of the financial systems in a whole new world of Cryptofinance.
More developmenta would be promoted as Smart Contractors would have a wide array of technological properties to develop on, thereby making easier to build brand new seamless DApp on the blockchain.
THE Fusion TEAM.
Fusion
team is led by Dejun Quan, a crypto veteran who has successfully carried out several other blockchain projects, including veChain. To read more about the team, please Click Here
.
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