The ability for tokens and cryptocurrencies to be interchanged with one another in a convenient manner without the complexity of going through exchanges will go a long way towards the mainstream adoption of the emerging technology.
Compared with the already established fiat ecosystem where currencies of different nations can be easily interchanged and applied almost without blinking an eye, different cryptocurrencies appear to still exist exclusively in their unique circles. This situation makes it cumbersome, since users are indirectly compelled to maintain several wallets simultaneously in other to function well within the cryptocurrency ecosystem.
Fixing the bottlenecks
In a time where the digital world is evolving into Internet of Value (IoV), any development that encourages the easy transfer of value represents a move with the trend, and a campaign for effective communication.
In its present state, cryptofinance is experiencing a lot of technical bottlenecks primarily because of the absence of effective interaction between blockchains. As already mentioned above, these blockchains exist as exclusive entities which makes it difficult for value to be moved across them easily. This is one of the reasons why exchanges exist and provide an avenue for such interactions.
A blockchain for blockchains
The creation of Fusion as a blockchain that will enable interaction between other independent blockchains will eventually enhance the activities of the crypto ecosystem, while relieving exchanges of the unnecessary traffic that befall them most of the time.
This innovation is designed to to serve as a general infrastructure / backbone for the future world of cryptofinance by enabling cross-token / cross-chain abilities (Transactions, Smart Contracts, and other high level applications involving different tokens). This interaction solves the existing problems of interoperability, scalability and usability within...