Fusion is the technology for future which will make a platform for all crypto currencies to be exchanged in one platform. There are a lot of platforms for different crypto currencies i.e. if we send ETH from one platform to another, they both will charge different fee. So these two platforms are not cross compatible with each other. We can say, postal works were shifted to email. Like that Fusion will introduce a change in crypto exchanges, not completely but some efficiency in the system.
INTERNET OF VALUE:
There is a concept called Internet of Things (IOT), which is a term used for data transferring in the world of internet. Internet of Value is the term which has been introduced for only crypto currencies i.e. transferring of any coin from one platform to another.
PROBLEMS:
Block chain has been an amazing technology and has a lot of helpful applications but the problems have been increased while new projects are entering. Main problem is the COMPATIBILITY of one chain with another. There are no direct methods of exchanging between two chains. Because of this, block chain services have been restricted within their separate system/platform.
SOLUTION BY FUSION:
Fusion will provide the platform in which all chains will be compatible with each other. There will be direct methods so that restrictions can be completely expelled. There is a list of key problems of block chain below
For solving these issues, currencies and their transactions within system will be mapped.
Interoperability:
Since a lot of projects, chains and tokens are there in market which becomes so costly and end user becomes uncomfortable. Fusion will work as a bridge between different chains. This bridge will reduce the costs and will provide compatibility.
DISTRIBUTED RIGHTS CONTROL MANAGEMENT:
For the control of transactions, in different chains, private keys are issued to have a transaction records. Fusion will use distributed rights control management (DRCM) to provide different private keys for the user records.
FOR MORE INFORMATION, VISIT THEIR LINKS BELOW
This post is the submission for the contest running on the link by @originalworks
fusion2018