Fusion (FSN) Included in the Report of the European Central Bank

Fusion (FSN) Included in the Report of the European Central Bank

The European Central Bank’s 2020 report (dated December) points to the urgent need for cryptocurrency to be introduced into everyday life.  2021 is a year of global changes in the economy of the whole world.

The ECB is investigating issuing a digital Euro and a recent report suggests they are looking at the Defi space in depth highlighting the importance of Fusion technology.

The Fusion blockchain is a solution to the post Covid19  recovery of the world economy.

With the beginning of legislative regulation of the cryptocurrency market, state and private banks are also testing their own stable coins (CBDC)  Fusion is therefore poised as a key link in digital finance as its technology connects the entire cryptocurrency economy, this makes Fusion blockchain ideal at the government and banking levels.

Fusion is a decentralized and open-source blockchain that offers users an ecosystem for converting cryptocurrencies and stable coins without using exchange platforms. The technology eliminates intermediaries in the financial process.

The Fusion network is protected by 97 validators and most recently the blockchain has crossed 10 million transactions on the network. The transaction fee is around $ 0.001552.

Using the unique features of its technology Fusion has combined blockchains and ensured their mutual integration, eliminating once and for all the existing problems of blockchains – the complexity of interaction and isolation. Hundreds of platforms are developing almost separately and require interconnection to allow the full potential of the digital finance revolution to be realized.

The report of the Central Bank of Europe states:

“Fusion aims to connect different DLTs by means of a common public blockchain using Decentralized Control Rights Management (DCRM) – an open-source interoperable solution that offers a decentralized custodian model (cross-chain and cross-system). where assets are held and transferred on behalf of the user across heterogeneous chains. The DCRM is to offer a hot wallet liquidity with cold wallet security, a key recovery system and, a settlement network, as well as an option of introducing protection requiring multiple approvals in case of both workflow on-chain or off-chain.” 

Fusion is positioned as a turnkey solution for global finance. The Fusion ecosystem is evolving rapidly and new projects are joining the DCRM alliance and launching decentralized applications on the platform such as the Anyswap decentralized cross-chain exchange. Anyswap currently supports multiple blockchains (Fusion, Ethereum, Binance Smart Chain, Huobi, Fantom).

During the first round of funding from the Binance Accelerator Fund decentralized exchange Anyswap received funding.

The full-fledged launch of the acclaimed project Chainge Finance on the Fusion blockchain is scheduled for the spring of 2021. Chainge Finance will open access to the world of decentralized finance for absolutely everyone.

CHNG tokens are only distributed for free, exclusively to real people. Exactly a month has passed since the start of the free distribution of Chainge Finance tokens. There are currently about 300,000 real people on the waiting list for the Chinge Finance app.  

On February 9, 2021, the Chainge Finance decentralized financial platform opened deposits with an annual interest rate in Bitcoin (8.32%) and USDT (Tether 16.18%).

Entering the world of digital finance with Fusion.

Dalmas Ngetich

Dalmas is a very active blockchain and cryptocurrency content creator and highly regarded Technical Analyst. He is a Mechanical Engineer by profession and an activeTrader, whose first encounter with Bitcoin was in 2015—and by accident. Ever since, it has been an exciting journey where life-long friendships have been forged, and careers made and strengthened.