The power of nuclear Fusion for the era of cryptophobia.

Fusionthe foundation that focuses on creating a cryptofinance platform to break down the barriers hindering widespread use of blockchain in finance.

Fusion is creating a system that can connect a variety of cryptocurrency tokens enabling complete financial functionalities that have not yet been explored using blockchain.

Fusion says it is the first public blockchain to ‘provide a tangible solution for all digital currencies’, thereby constructing a connected financial ecosystem and helping blockchain progress from theory to practice.

On Fusion, each financial smart contract defines a certain cash flow/token flow and the counter-party risks are zero because the cash flow/token flow is guaranteed by code.

By making ‘risk-free’ online and leaving risks offline, future cryptofinance will be broader, more efficient and extremely cheap.

Technology development is no doubt the most important area where we will invest the most. At the same time, there are many tasks such as focusing on helping the Fusion community launch the mainnet as soon as possible, improve its protocol and foster the ecosystem of applications.

 Or even broader term introduced by FUSION – Internet of Values for a cryptofinance.
“The essence of the Internet of Values is to map various values to blockchains so they can be controlled by smart contracts. We define the on-chain financial activities on the Internet of Values and their related off-chain financial activities as cryptofinance.”

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.

Interoperability and trustworthiness are the key factors the Fusion is predominantly concentrating at. As I alluded earlier, Fusion is going to drastically reduce the cost that we have to bear while interchanging various tokens built upon various blockchains. Technically this one thing has been the biggest concern we have to struggle with when we set out for cryptofinance in the contemporary premises. This comes as a great boon to those who were scratching their heads over for a workable solution!

To attract the trust of flocks of crypto enthusiasts Fusion comes up with their core technology of DCRM(Distributed Control Rights Management). Fusion uses DCRM to control the private keys inorder to enable the mapping of cross chain cryptocurrencies. The private keys would be distributed in a decentralized manner to ensure no single node has any private key in its entirety.

FUSION at its core is Ethereum based network that leverages Ethereum EVM at the beginning, with subsequent plans to integrate JVM that eventually would allow supporting Java and Scala as programming languages (which among top used in financing). Now, what sets FUSION apart is its additional layer on top of core Ethereum based network with some bright ideas, that essentially makes FUSION among top projects of 2018, in my opinion. Let’s dive in and dissect what is so interesting about it.

Cryptofinancial Smart Contracts
Of course, to have rich logic to serve a complex cryptofinancial applications we will need more than just transactional triggered smart-contracts. This includes real-time data (like stock prices, or weather), as well as off-chain data which all could act as a trigger for smart-contract execution.

According to FUSION’s plan, all these rich functionalities will be available for developers via the framework, along with templates for common financial applications.

In addition to that, FUSION also wants to introduce a separation of usufructs (in simple terms, suppose you want to give to someone a share in revenue generated from lending an asset, but not a share in owning an asset itself). What does it mean for us? Here’re few examples from a whitepaper:

Taking the application of borrowing money to participate in an ICO as an example, the FUSION smart contract can be programmed to borrow tokens, return new currency and pay interest.
Taking a fund application as an example, the smart contract on the FUSION platform can automatically manage a fund: accepting the usufruct of various tokens into a smart contract, investing various digital assets, generating management fees, paying the dividend, etc.
I’m quite intrigued by this part, hence this alone could create a variety of use-cases for the financial sector and crypto-community.

Hierarchical Hybrid Consensus Mechanism
The most commonly used consensus mechanism nowadays are: PoW (Proof of Work) and PoS (Proof of Stake) each one with its own pros/cons. But none of them allows an ambitious goal of parallel computing which is what FUSION tries to achieve with HHCM:

The parallel computing is done by a dynamic grouping on Layer 1. Each virtual group is responsible to make calculation for an independent part of operations/transactions (meaning, the parties involved in transaction calculated by Group1 do not overlap with such in Group2). The randomness and grouping are controlled by the network, which allows balancing the throughput as needed.

Only one node (“representative”) from each group is elected for a Layer 2-PoW, the chances to be elected will depend on stacking attributes (volume and duration staked), an additional randomness is guaranteed by algorithm similar to the Algorand consensus algorithm. At Layer 2 the number of nodes working according to PoW is equal to the number of groups agreed to by the system. The winning node from Layer 2 will end up creating a new block.

Since everything related to this platform is financial, it is too difficult to represent every single use case. One will be able to avail everything now he/she is approaching various financial institutions/Banks for through fusion by crypto assets they hold! I would like to point out one single use case here.

Web source: https://www.fusion.org/

https://docs.wixstatic.com/ugd/76b9ac_28e946ac0f7945958af09a0275fa0337.pdf

https://github.com/FUSIONFoundation

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