A Review on Fusion
Introduction to CryptoFinance and Fusion
Fusion is a blockchain company that can benefit on some financing rules and features that can elevate the distance between digital currency and traditional financing.
Fusion is a financial plarform, which is built on a public blockchain. The goal of Fusion is to provide cross-organization, cross-datasource and cross-chain smart contacts.
Fusion will rely on the Fusion protocol, which provides APIs, that include different blockchain tokens. The goal is to make it possible for all kind of individuals, blockchain communities and centralized organizations to serve one another and create a beautiful future.
CryptoFinance Vs Finance
In simple, finance is defined by its functions. Despite the fact that the forms of financial functions are changing with time, financial functions are stable. Financial functions can be usually generalized into 2 layers.
The 1st layer is composed of monetary functions, which are pricing, value storage, payment and international currency etc. this functions has been achieved by digital currencies like bitcoin and other tokens. Cryptocurrencies has solve the spending problem through distributed ledgers, which allow currencies to be issued and then transferred without centralized agency. Hence the functions of central bank have been realized by distributed ledgers.
The 2nd layer is composed of financial functions which is derived from monetary functions like, insurance, trust, equity, etc. The function of Price discovery can be included in second layer along with risk management. Regardless, there has not been a parallel solution in cryptofinance in the second layer.
Features of Fusion Network
1. Easy Swap
Similar like atomic swaps, this feature in fusion allow users to swap their FSN tokens, bypassing the need for exchanges althogther.
All blockchain dApps and tokens will is interoperable with the Fusion Protocol. It clearly means that no separate contract and tokens will work in isolation.
LILO mean Lock-in Lock-out. This features allow users to access huge aggregated liquidity pool.
The Fusion network protocol have different APIs, which integrate different data sources, off chain systems and crypto tokens with in its ecosystem. This enable individuals, dApp develepers and organizations to build their ecosystem, within the context of Fusion.
5. Time Lock
Time Lock feature in Fusion network allow users a risk free loans banker acceptance and others can performed without the need of a trusted third party.
Through its network, Fusion give cryptofinance a platform that resolve and eliminate the hurdles that resist worldwide use of blockchain.
The use of technology in any system is the key to its success. Fusion Network implement the same. Technologies used in Fusion network are:
DCRM (Distributed Control Rights Management)
MTM (Multiple Triggering Mechanism)
Learn more about Fusion Network
This is my entry for @originalworks contest
Contest Link: https://steemit.com/crypto/@originalworks/370-steem-60-bonuses-sponsored-writing-contest-fusion