Fusion, found online at Fusion.org, is a public blockchain that aims to create an inclusive “cryptofinancial platform”. Find out what that means today in our review.
What Is Fusion?
Fusion is a financial platform built on a public blockchain. The goal of the platform is to provide cross-chain, cross-organization, and cross-datasource smart contracts.
The platform will rely on the Fusion Protocol, which provides APIs to include different blockchain tokens, different off-chain values, and different datasources into one public chain. The goal is to make it possible for all kinds of people centralized organizations, and blockchain communities to help one another, benefit each other, and create a better future.
Fusion sees its protocol as an essential part of the Internet of Values. Other key features include the creation of “truly smart” smart contracts, including smart contracts capable of executing cryptofinancial logic. Fusion wants to introduce the concept of “cryptofinance” to the internet of value, making it possible to communicate across blockchains and across currencies.
A “voluntary participants sale” for Fusion tokens concluded on February 11, 2018.
Fusion is being designed with all of the following features:
Fusion sees itself as an inclusive platform because it’s designed to include different blockchain tokens, different off-chain values, and different datasources. It’s similar to blockchain-agnostic protocols in that respect – but takes it to the next level. The end result is that multiple types of people, centralized organizations, and blockchain communities can collaborate over the Fusion Protocol.
Using distributed control rights management, Fusion allows users to map a number of different tokens onto the platform. This makes it possible to separate owners and users. It also facilitates the creation of multi-token smart contracts.
The Fusion Protocol makes “smart” contracts truly smart by feeding them with off-chain data and “arousing them automatically by multiple triggers in the calling list,” explains the official Fusion website. This makes smart contracts capable of expressing various cryptofinancial logic in the era of internet of values.
Fusion introduces a cross-chain, cross-organization, and cross-datasource public chain, bringing blockchain’s interoperability to a brand new level and making it possible for financial innovations that were not previously possible.
Fusion, as a public chain, is independent from any third party. The Distributed Control Right Management Service protects all locked-in crypto assets. Fusion sees this feature as a way to guard the “sacred inviolable private property of mankind.”
Fusion DCRM, MTM & HHCM Blockchain API Products And Services
Fusion offers a number of unique technologies – including the APIs and other products/services available through the Fusion Protocol. Those technologies include all of the following:
Distributed Control Rights Management (DCRM):
DCRM is the process that hands over the control of private keys of digital assets from individuals or centralized organizations to the public Fusion blockchain. The distributed generation and distributed storage of private keys means nobody can access the complete private key. This removes the centralized point of failure, ensuring that no single node can obtain the control of digital assets.
Multiple Triggering Mechanism (MTM):
Fusion has a transaction triggering mechanism. However, it also has a technology called the Multiple Triggering Mechanism, or MTM, which introduces timing and event triggers to smart contracts. This creates three triggering modes, including transaction, timing, and event triggers. It expands the usefulness of smart contracts – particularly for complex cryptofinancial applications. The end result is a protocol that makes distributed financial services and complex decentralized apps possible.
The Hierarchical Hybrid Consensus Mechanism (HHCM):
The HHCM is a unique consensus mechanism that borrows from both proof of work (PoW) and proof of stake (PoS) consensus protocols. It also uses parallel computing by grouping nodes together, with the end result being an ideal balance of efficiency and safety.
Who’s Behind Fusion?
Fusion’s development is officially led by The Fusion Foundation. However, the project is designed to be inclusive. It’s a public blockchain being developed by all Fusion token holders.
Here’s how the official Fusion.org website explains it:
“The FUSION platform, which benefits all token holders, does not belong to any single organization or individual and is a platform embracing the entire blockchain token community. It will use token mechanisms and the foundation to continually foster all kinds of communities such as technical communities, college communities, user communities, investment communities, node participant communities, central organizations, data source providers etc. The vision of the FUSION community is to create an inclusive big family who loves FUSION.”
Key members of The Fusion Foundation include Dejun Qian (Visionary & Principal), best-known for being CEO and Founder of BitSE and the creator of QTUM and VeChain. He also founded Kernel Blockchain Technologies.
Other listed members of the team include Dr. Jiangang Wu (Foundation Development), Noam Cohen (Foundation Communication), Xi Luo (Foundation Operation), and Guochang Xu (Technology Director).
The organization has support from institutions like RenGen.io, Fingenom, Lockwood Group, Alpview Capital, Eastmore Group, Bibox, Krypton Capital, Blockwater Capital, and other investors.
Fusion FSN ICO Details
There’s a total supply of 81.92 million Fusion tokens, or FSN. That number was chosen because 8192 is the 13th power of 2.
The tokens are allocated to the team (10%), angel investors (10%), community development (10%), a selected participants sale (10%), a voluntary participants sale (25%), a reserve fund (5%) and the PoW/PoS reward system (30%).
The selected participants sale and voluntary participants sale were the equivalent of token sales or ICOs. Participants sent ETH to the address in exchange for FSN.
The voluntary participants sale concluded on February 11, 2018. That sale raised 252% of its targeted goal (a total of 126,874 ETH).
Fusion is a public blockchain dedicated to creating an inclusive cryptofincancial platform. On that platform, distributed network nodes control various types of tokens’ private keys. This makes it possible to create smart contracts that reach across blockchains and across cryptocurrencies. The Fusion Protocol consists of a set of APIs that allow centralized organizations to make blockchain scalable. The protocol also connects off-chain datasources to make smart contracts “truly smart”. The goal of Fusion is to introduce a new era of “cryptofinance” for the internet of values.
A token sale for Fusion tokens, or FSN, concluded in early February 2018. To learn more about the project and its ongoing development, visit online today at Fusion.org.