The idea of cryptocurrency creation is to create a platform of exchange using solid cryptography to secure financial transactions with total control in the creation of additional units and verification of transfer of assets.
When Satoshi Nakamoto created bitcoin, the very first decentralized cryptocurrency in 2009, there was a whole lot of skepticism on the survival of the development. Only those who saw the future invested. And as of the time this article is written, over 4,000 altcoin variants of bitcoin has been created. This is a confirmation of the rapid growth in cryptocurrency trading. Even those who doubted the solidity of cryptocurrency, me inclusive, have joined the trading. Then came Vitalik Buterin in 2015 with the establishment of another widely recognized coin, Ethereum with 11.9 million coins premined in crowdsale before going live in July, 2015 grew to over 13,000 percent just after two years. But with all the success stories, these coins suffer a lot of challenges.
CHALLENGES FACED BY CRYPTOCURRENCY TRADING
Over the years, there's been tremendous upgrade to the cryptocurrency trading. Keeping hackers away and fighting to make transactions smoother. But the transition has been slow and the same problems suffered over the years still plague the system. Some of these problems are:
Delays in Transactions
The long process and tedious protocols in making a simple cryptocurrency transaction has made no transaction to be "simple". From creating an account, verifying your identity, withdrawal and deposit eligibility to the least transaction, seems to be so slow and tedious. It takes like forever for transactions to be verified from various chains. Even as the blockchain gets longer and longer everyday, more transactions are being held up, pending on approval. This is very dangerous to business, knowing how volatile the market is, as the value of coins fall and rise in a blink of an eye.
Zero Uniformity in Exchanger Price
Different exchanger platforms present different cryptocurrency prices and this has posed as huge challenge in cryptocurrency trading. With the high volatility in the crypto market, exchanger lack of uniformity has become rather unpleasant.
Lack of Interoperability
Your precious coins might be valuable in one platform for totally useless in another platform. Think of Steem, before you use the coins outside steemit, you have to convert it to bitcoin and when you want to use bitcoins in steemit, you get limited. These are the limitations faced with different tokens being useful in a platform but totally useless in a different platform. And when you want to convert, it takes time and also involve payments like the gas fee.
All the above challenges are curable, they can be curbed. And I'll tell you how.
SOLUTION IS HERE
The single solution to the numerous challenges explained above is here. FUSION is here to change the world of cryptofinance.
WHAT IS FUSION????
The FUSION public blockchain is an independent platform that provides infrastructure and architecture for fully fledged financial functions on the blockchain with the intention of creating a new Era of cryptofinance for Internet of Values. FUSION plans to carry their vision of building a broad finance ecosystem on blockchain by partnering with financial institutions, cryptocurrency companies, third party app developers, academia and the entire crypto community.
HOW CAN FUSION CHANGE THE WORLD OF CRYPTOFINANCE?
Ever imagined a crypto trading without glitches in transactions? Well if you're not, I'm totally tired of my transaction queueing up for so long before being approved. With the eradication of gas fee and transaction delays, cryptocurrency trading would be a fun practice. Less tedious and less stressful.
With different platforms and their complications, which makes a number of people give up on knowing more about cryptocurrency. The plans of FUSION is plain and easily understood. The simplicity would attract more traders and make cryptocurrency grow wider than it is.
With the initiative of Cross-chain interoperability planned by FUSION, possibilities that has never been imagined is opened up. Your coins becomes valid wherever platform you want to operate. This makes life a whole lot easier. This would however propel the internet of Values. Meanwhile, with the APIs FUSION protocol provides, different cryptocurrency tokens, off-chain values and data-sources are mapped into a FUSION blockchain and this, my friends, is the beginning of a new Era.
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