Writing Contest: Fusion
What is FUSION?
According to English dictionary, Fusion is the merging together of similar or different element into a union to form a massive element with the concumitant release of energy.
With the above definition, it quite simple to deduce that the future of FUSION is basically to enlightened the entire populace at large on the finance in blockchain technology by cooperating with the Internet of Values.
wherein we can benefit,for the reason that we can have an innovative challenge this is creating a completely new global in finance starting possibilities to this first rate world of blockchain era wherein there can be the opportunity of several chains of inputs and facts resources that can be crossed, this is amazing really, @FUSION deserves some accolades.
FUSION AND THEIR NOBLE VISIONS
The main vision of the FUSION project is to solve the interoperability issue by establishing a platform-level public chain which can connect all kinds of values, provide complete financial functions, communicate between diverse communities and tokens, and bridge centralized and decentralized organizations to bring the Internet of Values as early as possible.The Internet of value refers to the possible exchange and management of digital assets securely and without an intermediary.
In order to achieve this vision, one must build a public chain which allows different tokens to be mapped to it. This will allow these tokens in the same chain to be used to achieve multi-token smart contracts.
FUSION: An Inclusive Cryptofinance Platform Based on Blockchain.
FUSION can convert values across various blockchains and can fulfill almost all the functionality of traditional finance, but in a distributed and more efficient manner, with substantial cost savings
The FUSION Protocol makes "Smart" contracts truly smart through the development of multiple triggering mechanisms in the calling list, an interoperability solution and functional scalability, providing the architecture for complex financial smart contracts on the blockchain.
Great potential is hidden in the Interoperability between blockchains. FUSION blockchain is aiming to serve as the infrastructure for the Internet of Value with an innovative approach. It will allow multiple token smart contracts, parallel computing, off chain data support, and multiple triggering mechanisms for the smart contract (Time, data and more).
Independent Innovative Cross-chain, cross-organization and cross-data source inputs can be mapped onto FUSION, achieving interoperability never seen before on the blockchain.
The Distributed Control Right Management layer securely protects all locked-in cryptocurrency assets on the FUSION blockchain.
The Multiple Triggering Mechanism In addition to the traditional transaction triggering mechanism, with FUSION introduces time and event based triggers to smart contracts.
The FUSION nodes validate that there is no double spending and that one has the money he intends to send. It significantly reduces costs, time, and is extremely secure.
Internet of Value
The last few years have witnessed a drastic change in the way we see the internet. Internet of things (IoT) has now reduced to a mere part of the internet in a break from its previous position of entirety. Which means that besides being a great treasure of transferrable datas, Internet is now a place of values. Yes, we are living in the new era of internet of values(IoV). Advent and effective working of cryptocurrencies built upon blockchain technology and the much anticipated dependency of people on cryptocurrencies in near future has wide opened a niche for the world of cryptofinance.
Everything now we handle on internet got some value. Especially, if you are a person who uses cryptocurrencies in your day to day life there is no need to explain the value the internet has for you! At some point of your tenure here, you might have imagined the existence of an inclusive platform based on cryptocurrencies that would provide you financial services which you now undoubtedly seeks the help of traditional banks for. But the implementation of such a coordinative system is not as easy as we might think.
How the ability to map chains and transaction logic improve interoperability.
Fusion hopes to create an entirely new way of transferring values between participants. To improve interoperability, Fusion will integrate the ability to map cross chain cryptocurrencies. The identity of the mapped cryptocurrencies will be stored in a decentralized manner while tokens representing the mapped assets are created separately. This improves interoperability by ensuring that the blockchain is completely secured. Since Fusion will map cross chain cryptocurrencies, it is able to sustain all manners of financial services in a unique fashion, which makes values flow in a more efficient and fundamentally-changed manner. Overall, these improve interoperability.
More information
https://www.fusion.org/
fusion2018