Review on Fusion by francis fernandez
Fusion: a chain of blocks to manage solutions to the digital financial system
Fusion is a public platform for the exchange of financial operations in cryptocurrencies that operates on a multifunctional block chain that allows interaction with other networks, data channels and companies, through the use of smart contracts.
The Fusion platform uses the FSN token to execute financial transactions that take place on the network. This is an Ethereum-based digital asset, therefore equivalent to an ERC-20 token and is identified as ERC20 FSN.
How to use the ERC FSN token?
To access this digital asset from the MyFusionWallet wallet; The user must use the two Ethereum keys that he normally uses to manage ERC20 FSN token exchanges from the wallet where he owns the key.
The FSN token can be acquired through the use of other cryptocurrencies on multiple exchanges, such as: Bittrex, Binance Dex, Okex, BitMax, among others.
What is the technology used by Fusion?
Fusion's technology focuses on the introduction of two new systems: the “Decentralized Control Rights Management” (DCRM) mechanism that uses the “private key fragmentation” approach to safeguard the assets of its members; and the Time-Lock system in smart contracts to manage loan services conditional on periods of time such as mortgages.
What are the benefits of using Fusion?
The main purpose of this platform is to develop a financial ecosystem that allows the integration and interoperability of all components of financial management to create decentralized solutions (API) that optimize the use of monetary resources in trade organizations, through the use of of blockchain technology of digital assets.
Fusion is also a very useful and easy tool for developers who can take its technology as the basis for creating decentralized applications.
Pros
- Its platform uses DCRM technology that guarantees high interoperability between networks, data and finance organizations.
- It allows to solve financial problems in a short time by using API.
- It allows companies to use their monetary resources efficiently through the use of blockchain technology.
Cons
- There are no disadvantages in its use.
