my entry

in #crypto6 years ago (edited)

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#INTRODUCTION
In the early stage of human living, mans method of purchase or acquiring goods was mainly by the system of trade by barter (that is the exchange of a good owned by a person for another good which the person is in need of). Over the years due to the mistrust and cumbersome nature of the trade by barter system man thought it wise to develop a better system of purchase and sales of goods. This however brought about origin and use of currencies (pounds, dollars, coins etc) which had different economics and purchasing values all around the world. This system made purchase a whole lot easier faster and better compared to the old trade by barter system. In the recent years man finds it inconveniencing to carry lots of currencies about in his daily life as it is insecure, in a way cumbersome (when carrying currencies in bulk) and mistrust of how and who invest in hence the advent of electronic banking.
However, all the above development has been dependent on cooperation between parties involved but as the saying goes man is insatiable hence man was not satisfied hence led to a more efficient system which could tackle his needs leading to era of block chain.
The block chain unlike the others which in past years has continuously be plagued by the issues of trust, the block chain checks this problem of trust, not only did it resolve the trust issues but also makes cooperation programmable without the need for subjective human interference. Unfortunately the block chain ecosystem still lacks certain qualities such as inter operability, scalability and usability all of which when put together have hindered this technological progress.
Owing to the fact that improving all combined hindrances listed above is a long term and gradual process. I believe the answer to it is[Fusion] (Fusion.org)
Now the question arises-

#What is Fusion
[Fusion] (Fusion.org) is an inclusive and restructuring database virtual machine prepared for the crypto financial era. . Fusion is inclusive because it integrates the crypto currencies of today and that which will exist in the nearest future, thus building a connection between the centralized and decentralized organizations and it also introduces the on-chain data and off-chain data. Fusion is also restructuring because it redefines the way in which values are transferred and the relationship between participants, it also transforms the values in time and space in ways which reflect the essence of finance and as such implementing financial functions in a unique way that will cause some of the existing financial products to disappear. Fusion In the form of a virtual machine may as well provides an infinite reverie space for crypto finance across different tokens in the future, creating possibilities that were previously thought to be unimaginable as its aim is not just to develop an already existing system but to create an entirely new system that would recreate all the traditional system financial functions with a greater and higher efficiency and inter operability.

#The Future of Finance
The distributed market is a scale used to measure human civilization, but over time the problem of mistrust has been constant and in order to fix it, a centralized program evolved which increased the development of distributed market but the need for a higher level of civilization arises hence solving this issues of trust. How is it possible to distribute market economy and still reduce cost of the centralized organization efficiently?
The distributed ledger technology represented by the block chain may
play an extremely important role in solving the trust problem of mankind.
Since this ledgers are based on peer-to-peer networks, it makes peer-to-peer value transfers and contracts possible. Strangers not only can trade without a relationship of trust but can also automate their transactions through smart contracts, enabling people to make the first leap in trust technology ever since they had walked out of Africa and open the door to the journey of creating a more advanced human civilization.
Most of the existing technologies mainly promote the progress of “productivity”, while block chains are reforming the way people cooperate. It is bringing about the great transformation of human social organizations, which will surely make mankind create a new social form, which is, the global village based on block chains.

#Internet of Value
The internet of Things(IOT) has become more or less the common phenomenon as its in use by everyone. Although its development brought about irresistible impulse in human choice to save cost on transactions. With the internet of things each block chain can obtain a peer to peer value transfer which brings us to the advent of what is described as the second generation of Internet- the Internet of Value (IoV). As said earlier, the world has undergone series of improvement because of the Internet of Information, and along that same path the human society is bound to once again make a super limp in social changes through the Internet of values. These change will occur because the Internet of values is based on block chain technology characterized by

  • Digitization
  • Intelligence
  • Decentralization and
  • Inclusiveness.

    However the internet of Values when compared with the Internet of information is still very new and as such has certain bottlenecks in interoperability, scalability and usuability.

#Current Blockchain Issues & Limitations
The block chain as we know is an amazing technology that has numerous applications but as the saying goods ![]there is two side to a coin and to that effect has its shortcoming which include the indirect method of operation and exchange of value between the different chain as well as their platforms which in turns restricts the number of financial tools that can be applied to such a disconnected market.

Fusion intends to tackle the issues as listed above through mapping multiple currencies and their transaction logic.

#Interoperability
At the epicentre of Fusion lies the concept of interchangability, while the (IoI) was able to transfer program texts, pictures, audio and videos as a unified bit information whereas the (IoV) stillhas difficulty communicating values in different block chains as well as off chains values and datas. The Internet of Values requires not only cross-chain communication but also communication
with existing centralized organizations and external datasources.
#Disributed Control Rigths Management-
One of Fusion's key core technologies is the DCRM . it is a process that hands over the control of digital assests by individual or centralized organizations to the decentralized nodes management.

#Conclusion
Fusion is the path of bettering to establish a public block chain
as an inclusive crypto finance platform that, by breaking the bottlenecks of interoperability and scalability, can provide complete financial functions, leading us to
an exciting new era of Internet of Values.