DeFi Catalysis: introduction to Fusion and Fantom
Decentralized finance or DeFi, for short, appeared during the year last year, creating significant momentum over the year, with total blocked volume in the sector topping $ 35 billion compared to $ 1 billion in February of last year.
New platforms like Fusion and Fantom are evolving the DeFi industry with interoperable and scalable solutions such as liquid staking, inter-chain exchange, etc. Fusion's DCRM technology and the platform -Smart contract form based on the Fantom Foundation's DAG is expected to grow cEspecially the Defi sector.
Both networks aim to allow users to perform sophisticated financial functions while solving the scalability and interoperability issues of existing blockchain solutions, leaving make way for the new internet age.
The Fusion project
Founded in late 2017, the proposed Fusion project establish a platform-level public chain where the private keys of the tokens on multiple blockchains can be dry moderated in a distributed manner through its DCRM proprietary solution.
At the heart of the design of the Fusion project is a distributed control rights management system ( DCRM ), creation of smart contracts and hierarchical hybrid consensus mechanisms ( HHCM ). The strategy of the project aims to catalyze the emergence of the Internet of values.
Fusion DCRM and HHCM Protocol
The Fusion project implements HHCM to ensure randomness unpredictable accounting nodes, thus enhancing the security and functionality of the system.
The HHCM allows this following for the Fusion project.
- Add DCRM layer
- Advances current smart contracts
- Builds a distributed and crypto financial institution
- Achieved a crypto financial DApp layer
The control rights management protocol distributed to the core of Fusion transfers control of digital assets to the network 's decentralized management of nodes. The distributed generation and storage of private keys on the Fusion network controls access to private keys. No node in the network can therefore take control of digital assets.
Fusion also uses crypto-asset mapping. Crypto-asset mapping actively generates tokens used for accounting on the network for controlled objects. Therefore, tokens on the network can freely interact with mapped assets. In addition, Fusion has also implemented distributed control with its locking mechanism and vejamming.
With the lock and lock process, users can simply validate ownership of assets by generating a private key with the distributed partitioning algorithm found in the DCRM. Users transfer control of their assets to DCRM through a centralized management framework. Once the authority transfer is complete, a smart contract will update the user's account on Fusion.
The team behind Fusion
The Fusion foundation was introduced by DJ Qian, CEO of an incubator popular blockchain, BitSE. BitSE has been nominated as the world's best fintech startup and awarded the most powerful blockchain infrastructure of the year. BitSE also led to the creation of VeChain and QTUM.
Most of Fusion's success can be attributed to its technology and the open source community behind it.underlies. The developer community has actively improved the protocols and functionality of the platform. Fusion has a group of honest developers called the SOGC. The group includes some of the best open-source developers, translators, designers, and more.
Use cases of Fusion
DCRM has several use cases for storing cryptocurrencies . By combining DCRM with the ability to validate asset ownership, Fusion inherits a
Based on Fusion DCRM technology, Anyswap is a unique, fully decentralized, cross-chain swap protocol that provides users with pricingautomated cation and a sophisticated liquidity system. The decentralized Anyswap app is compatible with notable blockchains such as Fusion, Binance Smart Cain, Ethereum, and Fantom, making it the first true DEX cross-chain.
Anyswap acts as a decentralized transverse bridge. Users can deposit all coins in the protocol and mint-wrapped tokens in a decentralized ecosystem. Users can also switch instantly from one to another without any risk to anonymity or privacy. In addition, Anyswap also offers a liquidity provider which adds and withdraws liquidity in swap pairs on the app.
Additionally, Anyswap exchanges different pairs on each of its supported blockchains. The new version of Anyswap will offer direct pairings in addition to pairings with the core Fusion, Ether partseum, Fantom, Huobi Eco Chain or Binance Smart Chain.
Note that Anyswap users have to pay gas charges for the blockchains they process. Additionally, users have to pay 0.4% of the amount they transfer, where 0.3% goes to liquidity providers and 0.1% goes to Anyswap.
Based on Fusion's DCRM technology, Chainge offers encrypted instant financial services that
Interestingly, users can seamlessly access services like margin trading, loan acquisitions, and easily trigger liquidation of digital financial instruments. In addition, users can access a myriad of wealth management features, such as self-personalized crowdfunding or value distribution packages through Chainge's sophisticated yet user-friendly interface.
Users can also provide financial services as a coded bank by providing loans, escrow and protecting the security of the bank account.e their friend with multi-signature services. Chainge simply banks the unbanked and allows users to create their own digital bank.
It should be noted that Chainge is by invitation only at the moment according to POIP, but don't worry because you can click on on this link and use my ref to get Chainge tokens, (thanks).
Is fusion a good investment?
Fusion technology is undoubtedly one of the most sophisticated systems of the cryptocurrency market. The FS tokenN is a great investment based on its use cases, solution interoperability, scalability and usability. By investing in FSN, you are investing in its adoption.
Although the token is ranked at 430 by market cap, the token has risen in value at the time of writing, priced at $ 0.75. The merger token accumulates a market cap of over $ 36.8 million with a trading volume of nearly $ 16.5 million.
Additionally, the token took a bullish run after breaking through the resistance level at $ 0.6 after 3.5 months. It is plausible that the token will experience price corrections. For a project of this level and activity, the price is considerably low. However, paired with the right tools, you can make that investment the right decision.
Source: https: //coinmarketcap.com/currency/fusion/
The Fantom project
Fantom s 'strives to differentiate itself from the classic block ledger-based storage infrastructure by using a sophisticated DAG-based protocol called the Lachesis Protocol.
The Lachesis protocol operates on The Fantom Opera chain. It aims to enable applications built on top of the blockchain to experience instant transactions and negligible transaction costs for users at all levels. The Lachesis protocol enables Fantom's mission to deliver a solution interoperable and scalable in the world.
Fantom has proven that it achieves a transaction time of less than two seconds. Additionally, Fantom can process thousands of transactions per second reaching hundreds of nodes on the network.
Fantom provides the first DeFi stack built on top of an aBFT consensus mechanism, making it the fastest, cheapest platform, most trusted and secure in the ecosystem. Users can use their FTM to hit fUSD and access DeFi tools, use their fUSD to trade synthetic assets, or lend it to earn interest and borrow synthetic tokens. some of the main features of the Fantom ecosystem.
fUSD is a stablecoin on the Fantom network that serves as a gateway to Fantom's Defi platform. Fantom network users can easily create fUSD by locking their FTM. In addition, fMint also allows users to use fUSD as collateral to create synthetic assets.
Users can instantly buy synthetic assets thanks to the simplicity of their Fantom wallet. Users can use their FTM or fUSD to trade over 170 different assets and tokens including fBTC, fETH, and other notable assets.
Users can easily lend FTM and fUSD to the liquidity pool and earn passive interest on their capital. Additionally, users can use fUSD to lend syn assets.thetic and trade on fSwap thanks to the ease of their Fantom wallet.
Fantom consensus mechanism - Lachesis protocol
The Lachesis protocol at the heart of Fantom is a proposed aBFT consensus algorithm by the Fantom team. The aBFT consensus algorithm enables the following features:
The Lachesis protocol essentially stores a local acyclic directed graph which includes blocks of events, each made up of transactions on the network. The DAG then monitors the relationship between transactions and com executes the exact final order of independent transactions on each node.
Additionally, the Lachesis protocol saves time todramatically by forcing validators on the network to periodically exchange the transaction and monitored events with nodes. Interestingly, Fantom also uses the Proof of Stake consensus protocol to secure the network against potential Sybil attacks with a minimum requirement of 3,175,000 FTM from validators.
The team behind Fantom
Founded in 2018, Fantom operated from Seoul, South Korea, as a that team of blockchain developers striving to develop a new consensus algorithm. The Fantom Foundation team, led by its CEO, Michael Kong, includes engineers, scientists, researchers, designers and entrepreneurs.
Use case of Fantom
With the emergence of
- By introducing its QR-DLT, Fantom has connected medical products and articles in real time to their sophisticated databases.
- Fantom can also connect physical documents to the network in real time.
- Fantom Use cases saved lives by authenticating the drug distribution chain.
- Fantom can track consumer behavior and distribution tracking and add an impenetrable layer of security to the whole process.
- With fUNI, Fantom 's exclusive decentralized exchange that uses AMM instead of order books. Fantom can also function as an efficient and slightly better version of Uniswap.
Is Fantom a good investment?
Fantom has an exceeded market cap of $ 385 millionwith a trading volume of $ 65.6 million, priced at $ 0.15 per FTM at the time of writing. Considering the many use cases that Fantom has to offer and the features it is built upon, Fantom is without a doubt a fantastic investment. It offers speed, security and plenty of room to grow. In addition, the coin is ranked in the top 100 coins, which makes Fantom a great investment.
The DeFi space has grown tremendously since its inception, and platforms like Fusion and Fantom are proving to be the catalyst in this growing niche. As we have seen, these platforms shapes are more oriented towards resolutionsome of the fundamental issues, namely scalability and interoperability.
With these scalable, efficient and interoperable platforms, the DeFi sector could achieve mass adoption and remove some of the major bottlenecks. The price and each increasing upward trend is a clear indication that the audience is showing significant interest in encouraging growth and adoption.
Special thanks to Chookz !
Disclaimer: Nothing in this article constitutes professional investment advice. All opinions belong to the author alone. Please do your own research before making any investment decisions.
Also posted on: https: //boudjemaaadam.medium.com/catalysing-defi-for-exponential- "growth-fusion-and-ghost-8266c8de21e7