Whereas 2016 saw the rise of selfie-sticks, 2017 was the year of the bitcoin. There’s a token for moms, another for travel, there’s even a “Trump” coin. But how will they all interact in the future? That’s the question many ask about the sustainability of cryptofinance, and FUSION is the first company that can answer it. We’ve all heard about the blockchain revolution, but it’s still mostly a theory, a great idea. FUSION is the first public blockchain to provide a tangible solution for all the digital currencies popping up, constructing a truly connected financial ecosystem, claim supporters of the company.
FUSION was launched by DJ Qian the founder of QTUM.
FUSION allegedly addresses the compatibility of cryptofinance, as the FUSION blockchain will support both tokens that already exist, and those that will be issued in the future. By solving pitfalls like this, FUSION makes smart contracts, smarter, as smart contracts on Fusion can interact with each user no matter the variety of tokens used to form them. For example, the platform offers a multi currency “risk-free” loan system, by which users can apply for a loan in one form of token, and pay it back with another, argue bulls.
Caveat emptor – see the full press release below
Singapore, January 26, 2018 — FUSION, the Foundation providing an inclusive cryptofinance platform to solve the barriers hindering the widespread use of blockchain technology, announces today the start of its ICO for the FSN token. Whereas, many crypto-projects today focus substantially on enhancing current financial institutions, FUSION looks towards the future. FUSION’s public blockchain provides a solution for the interoperability, scalability and usability problems within the various blockchain ecosystems, and makes smart contracts actually smart by advancing or creating technologies, such as private key generation and signature, parallel computing of bookkeeping nodes’ grouping, PoW and PoS consensus. By creating an inclusive system that can connect a variety of tokens in a more efficient manner, FUSION can achieve complete financial functionalities that have not yet been explored using blockchain technology.
In the past, market developments have been centered around distributed markets and centralized organizations, filled with an inherent lack of trust between transacting parties, and an unfair distribution of wealth. However, the blockchain, because of its ability to connect people and markets, ushers us into a new financial age by introducing digitization, intelligence, decentralization, and inclusiveness to the world of the Internet of Values (IoV). The IoV, which is centered around developments in the blockchain space, is still in its very early stages, and because of that suffers from three main obstacles: interoperability, usability, and scalability. Whereas current blockchain projects have tried to overcome these barriers before, no good solution has emerged yet in the industry, until now.
The FUSION public blockchain advances the functionality of traditional finance and offers a suite of features using the FSN token. Unlike other multicoin wallets which are limited to trading between tokens based on the same technology, a crypto wallet based on FUSION will be able to store all different values of tokens. The platform also offers a multi currency risk-free loan system: using smart contracts, by which users can apply for a loan in one form of token, and pay it back with another.
FUSION has created a public chain as the first sustainable solution to the bottlenecks in the IoV, constructing a truly connected financial ecosystem. FUSION’s public blockchain is:
Inclusive – The public chain integrates the cryptocurrencies that exist today and even those that will come in the future, connecting centralized and decentralized organizations, while at the same time balancing authentication and anonymity.
Reconstructive – FUSION redefines the way in which values are transferred and the relationships between transacting parties, by supporting all types of financial services.
Highly scalable – By using a Turing-complete virtual machine and providing the Private Keys Control Service and the token-issuing protocol, it opens a window for society to realize cryptofinance across different blockchains and organizations, creating many possibilities that were previously unimaginable.
The inclusive finance platform empowers developers to create rich applications, connects organizations and data-sources, and updates cryptofinance protocols. Most importantly, FUSION improves the interoperability, scalability, and usability of the blockchain to realize an inclusive crypto-financial platform for the era of the Internet of Values.
“We are entering an exciting new era of ‘Internet of Values’ which promises increased connectivity and inclusiveness,” said Dejun Qian, Founder of FUSION, “However, the benefits of the Internet of Values are currently thwarted by interoperability, scalability and usability issues within the various blockchain ecosystems, all of which combined have hindered this technological progress. FUSION aims to remove these barriers, ushering in an age of a true digital economy.”