Fusion Blockchain

Short description: A blockchain built for finance

The Fusion Blockchain[1][2][3] is an EVM-compatible blockchain relying on Ticketed POS that launched in June 2019[4] and was funded by an ICO held in early 2018.[5]

Fusion originally sought to bring about an era of "crypto finance", a field which is now more well known as DeFi.

Fusion is most well-known for its ability to slice coin contracts up in time[6] and its interoperability solution DCRM[7] (which relies on innovation in the field of SMPC) and was featured in a report by ECB on the topic of interoperability.[8]

In late 2019 a Fusion Foundation wallet suffered a notorious theft[9] which became a deathblow to the organization in its current shape at that time.

In 2020 a cross-chain application called AnySwap was founded on Fusion. Currently it is known as Multichain[10] and is considered the major cross-chain bridge for cryptocurrencies[11], but also no longer directly tied to Fusion.[12]

In 2021 a rivaling application known as Chainge Finance[13] was founded on Fusion, which routes all it's cross-chain transactions through Fusion in a process known as cross-chain roaming[14] and hosts a full suit of DeFi services including decentralized futures and options trading.

Many of the initiatives on Fusion and also its founding can be linked to Dejun Qian.[15]

## References

1. ↑ "Fusion - A connected ecosystem for financial transactions". https://fusion.org/en.
2. ↑ "Fusion - Github". https://github.com/FUSIONFoundation.
3. ↑ "The Fusion Guide". https://fusionite.info.
4. ↑ Foundation, Fusion (June 19, 2019). "Fusion Foundation Announces MainNet Launch of its Open Source Protocol to Bring Blockchain Finance to the Masses". https://www.globenewswire.com/news-release/2019/06/19/1871193/0/en/Fusion-Foundation-Announces-MainNet-Launch-of-its-Open-Source-Protocol-to-Bring-Blockchain-Finance-to-the-Masses.html.
5. ↑ "Fusion (FSN) - All information about Fusion ICO (Token Sale)". January 25, 2020. https://icodrops.com/fusion/.
6. ↑ "US Patent Application for METHOD FOR PERFORMING SEGMENTING LOCKING AND MERGING CONTROL OF ENCRYPTED DIGITAL ASSETS BASED ON TIME DIMENSION Patent Application (Application #20210089677 issued March 25, 2021) - Justia Patents Search". https://patents.justia.com/patent/20210089677.
7. ↑ "US Patent Application for MAPPING SYSTEM AND CORRESPONDING METHOD TO REALIZE DIGITAL ASSETS ON THE MAPPING CHAIN BASED ON DISTRIBUTED TECHNOLOGY Patent Application (Application #20210142318 issued May 13, 2021) - Justia Patents Search". https://patents.justia.com/patent/20210142318.
8. ↑ "The use of DLT in post-trade processes". https://www.ecb.europa.eu/pub/pdf/other/ecb.20210412_useofdltposttradeprocesses~958e3af1c8.en.pdf.
9. ↑ "$6.4M Worth of FSN Tokens Stolen From Fusion Network’s Swap Wallet". https://cointelegraph.com/news/fusion-networks-token-swap-wallet-compromised-fsn-price-plummets.
10. ↑ "Multichain - Cross-Chain Router Protocol". https://multichain.org/.
11. ↑ "Interesting Funding alert. A blockchain startup, Multichain, previously called AnySwap, announced a funding of USD 60 million.". https://www.inventiva.co.in/startups/funding-alert-a-blockchain-startup/.
12. ↑ Pirate, Individual (December 17, 2021). "AnySwap becomes Multichain and disowns Fusion? Yes. Here's what you should know.". https://www.fusionite.info/post/anyswap-becomes-multichain-and-disowns-fusion-yes-here-s-what-you-should-know.
13. ↑ "Chainge Finance". https://www.chainge.finance/.
14. ↑ Finance, Chainge (January 20, 2022). "Taking cross-chain to new heights - why is our tech the actual best & how it works". https://chainge-finance.medium.com/taking-cross-chain-to-new-heights-why-is-our-tech-the-best-how-it-works-e601371be380.
15. ↑ https://cn.linkedin.com/in/dejun-qian-aa027136

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