What is Fusion? Fusion (FSN) is a decentralized and open-source blockchain project that focuses on interoperability issues. cryptocoin.com In this article, we answered the questions of investors such as what Fusion is, what it offers, what is FSN coin, what it does and how to buy it. Let’s examine this project that connects Blockchain networks together.
What is Fusion?
Fusion was founded in 2018 by the CEO of incubator BitSE, which developed both successful crypto projects QTUM and VeChain. This is a Blockchain project that provides cross-chain and cross-organizational services through smart contracts. The project includes everything from building NFTs with smart contracts to DeFi. It also aims to solve the interoperability and scalability issues of Blockchain technology.
At the same time, Fusion enables the transfer of cryptocurrencies of different value classes to different chains. Thus, it creates a Blockchain that brings together all tokens and altcoins. Meanwhile, the project uses a unique Proof-of-Stake mechanism. This mechanism is hybrid HHCM which takes some features of PoW and PoS. At the core of the mechanism is FSN coin, the native cryptocurrency of Fusion.
What does Fusion offer?
The Fusion network includes many features. Accordingly, it supports on-chain and cross-platform data transfer by adopting Internet of Value (IoV) technology. It stores private keys in a distributed manner with a security layer called DCRM. Thus, it ensures the safety of users. Additionally, Fusion supports its own smart contracts. With these smart contracts, users can create tokens and NFTs.
Among the smart contracts, there are also contracts that are used for financial transactions and provide special locking facilities. All smart contracts within the network have time and event based triggers. This feature differentiates Fusion from other smart contract networks. Besides being a highly scalable and fast network, it allows mining and staking. All of this is accomplished with Fusion’s native cryptocurrency, FSN.
What is FSN? What does it do?
FSN, the native cryptocurrency of the Fusion network, is an altcoin with various use cases within the network. This altcoin plays a critical role in the operation of the consensus mechanism. Accordingly, users secure the network by locking their assets through FSN staking. In return, they earn additional FSN rewards. However, FSN is the main payment method for network payments. That is, to run smart contracts on the network and transfer assets, it is necessary to pay with FSN.
What is Fusion? How to get FSN?
Those who want to invest in the Fusion project can access crypto exchanges such as OKX, MEXC and KuCoin, where the FSN is listed. Investors accessing these exchanges must create an account and verify their identity. Thus, they can deposit funds into their wallets. Those who deposit an asset suitable for FSN coin pairs in their wallets can purchase the token depending on their balance.
