Development

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It is welcomed by the 40+ companies — including banks, global social impact organizations, blockchain projects, exchanges and more — that are actively exploring how to use Fusion’s innovative features and interoperable framework. By combining these features, virtually any financial transaction can easily be expressed on the blockchain. Earlier this month, Fusion was invited to discuss the role of blockchain for bringing global finance to the masses as a featured panellist at the United Nations Blockchain Summit in New York.

Key functionality on Fusion’s MainNet

Time-lock — Fusion’s unique Time-Lock feature enables users to extract time-value from digital assets and easily model time-based transactions (such as licensing agreements and asset rentals) on the blockchain.

Quantum and Multi-Swap — Quantum Swap facilitates the seamless and cost-effective cross-chain exchange of any two asset pairs wherein the only expense is gas fees paid to stakers. Multi-swapping takes quantum-swapping to the next level, enabling many-to-many swaps of any digital assets with incredible efficiency, a feature never seen before in the blockchain landscape.

Universal wallet and Short Account Number (SAN) — Fusion introduced a powerful cross-chain wallet that can control any digital asset across any distributed ledger. With these capabilities, users can acquire a SAN to replace their long and error-prone public address with a short address typically between three to five numerals long.

Asset Creation and Enhancements — New digital assets can be created in a matter of seconds using the Fusion protocol without the need for any programming or smart contracts. Assets can also be enhanced with additional data to create non-fungible assets. Asset creators even have the flexibility of adjusting the supply of a digital assets to suit their business needs.

Staking — Consensus on Fusion’s public blockchain will be achieved using a custom-built Proof of Stake algorithm that has already been running smoothly on Fusion’s TestNet for almost 6 months. In fact, staking on Fusion’s TestNet earned participants more than $700,000 (at time of writing) worth of FSN token rewards for block validation. The community is expecting rewards to be significantly higher on MainNet with some calculations estimating more than 40% yearly rewards from staking.