FUSION $FSN

Fusion is an all-encompassing blockchain-based financial platform that extends services across different chains, organizations, and data sources through the use of smart contracts. Established by the CEO of BitSE, an incubator that played a significant role in the development of successful crypto projects like QTUM Blockchain and VeChain, Fusion is a promising addition to the crypto space. Fusion employs the Hierarchical Hybrid Consensus Mechanism (HHCM), utilizing elements from Proof of Work (PoW) and Proof of Stake (PoS) mechanisms to create an efficient and secure platform.

About Fusion

Fusion's key concept, as reflected in its whitepaper, is the Internet of Values, which primarily pertains to cryptocurrency-related activities, such as the secure, intermediary-free exchange and management of digital assets. The inclusion of Distributed Control Right Management adds another layer of security to the platform, protecting all cryptocurrency assets locked in the Fusion blockchain. The platform offers a unique feature wherein the distributed storage and sharding of a private key ensure that no single node can gain control of the digital assets.

Unique Features of Fusion

Fusion has incorporated time and event-based triggers into its smart contracts, in addition to the traditional transaction triggering mechanism. These three triggering methods cater to a variety of financial situations and have been designed to accommodate complex financial smart contracts' requirements.

The Team and the Native Token

BitSE, the company behind Fusion, was founded in 2013 by Dejun Qian, who also created QTUM and VeChain, both of which have evolved into independent ventures. Fusion's native token, FSN, is used for paying network fees and is required for the execution of smart contracts, similar to how ETH is used in the Ethereum network.

Future of Fusion

Fusion (FSN) is relatively new to the cryptocurrency market, preventing long-term predictions concerning its trajectory. However, the upcoming Fusion mainnet launch, scheduled before June 30, is expected to result in a minor price increase.