Fusion (FSN) Blockchain Network Set To Launch Payable Staged Network (PSN) Next Month
The Payable Staged Network By Fusion Foundation Will Launch This December
Fusion (FSN) is a decentralized blockchain-powered protocol that offers solutions for the world of finance. It recently announced that it would launch a Payable Stage Network (PSN). This network will enable cross-ledger, cross-border, and cross-asset transactions.
Explore the Network Before It Goes To The Main Net
In an effort to test the network before it moves to the main net, Fusion has come up with a reward system for those who take part in the PSN. The participants will be able to test various unique functions in the sandbox.
The P-FSN tokens will be the gas used during the testing phase. Some of the testing envisioned includes generation of USAN or universal short account numbers. Staking, swapping, transacting, and time locking will also be amongst the things tested. The team has made it clear that more details on the payment system are going to be detailed in future articles online.
How To Be Part Of The Testing Effort
For one to join the testing phase, they must store FSN tokens of the ERC20 standard in a wallet with a secure private key. It is worth noting that Fusion plans to take snapshots of Ethereum’s blockchain once it gets to block 6,868,000. This will be the PSN genesis block. Thus, the FSN tokens will need to be in a user wallet once the said block is generated on the Ethereum network.
Fusion has set goals that it needs to achieve via the PSN. Their aim is to validate PSN to prove that their network can support transactions worth trillions of dollars daily. Besides that, by using smart contracts, running nodes, and issuing new tokens, those who take part in the test can validate the reliability and efficiency of the Fusion Network and FSN tokens.
In terms of security, the non-value P-FSN tokens inside PSN will ensure that the community is safe. Fusion is going to do a token swap test before the launch to the mainnet. The crypto world is facing a global meltdown in valuation. This Fusion development is thus quite significant.
Fusion is a project that is a blockchain-powered platform for the world of finance. It has various service and solutions for finance. The BitSE SEO created the company, which is an incubator for fintechs that has developed the VeChain and QTUM. Both of these projects have enjoyed a lot of success.
Fusion has a goal of solving various issues in the blockchain world. The main issues they target are scalability and interoperability. This project has the aim of enabling crypto from the various value classes so that they can be moved across various chains. The result is a blockchain that joins all the various tokens and blockchains into one.
Fusion relies on the Hierarchical Hybrid Consensus Mechanism (HHCM). This mechanism borrows from both PoW and PoS. Besides that, it utilizes parallel computing which groups various nodes into one. The result is a safe and efficient platform.