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The “Blockchain of Blockchains” is Here…

Over the past few months, we’ve witnessed a significant decrease in the price of many cryptocurrencies – most notably, Bitcoin, which has fallen from a staggering high of almost $20,000, back down to a modest $10,000 as of 23rd February 2018.

Whilst it makes sense to assume this price drop would also affect ICOs. However, this has definitely not been the case.

As it turns out, ICOs are still flourishing, and many investors are still turning a healthy profit. More importantly, it’s becoming increasingly clear that the price fluctuations and potential gains of Bitcoin are far from the most exciting thing about blockchain technology.

So far, ICOs have raised over $1.7 billion. Last month alone, there were over 90 new ICOs.

The Rise of the Blockchain – The “Internet 2.0”

Over the past year or so, blockchain technology has been gaining popularity on a huge scale. The rise of blockchain provides many advantages to society. The most notable advantage is that it increases the level of trust and security between organizations.

The technology is so revolutionary that it moves us away from the “Internet of Information” and towards the “Internet of Values” – also known as the “Internet 2.0”.

The Internet of Information brought about huge change into our daily lives – and the Internet of Values is about to change it all over again, by introducing digitization, decentralization, decentralization, and inclusiveness into the process.

Blockchain provides us with a secure, direct way of exchanging money, digital assets, and other property, without the involvement of middlemen and third parties (such as banks, the government, etc).

Blockchain is growing so rapidly that The World Economic Forum’s whitepaper, “Realizing the Potential of Blockchain” published in 2017 has predicted that by 2027, 10% of the world’s GDP will be stored on blockchains.

Without a doubt, one of the most promising and exciting uses of blockchain technology is within the financial sector.

However, thus far we have yet to see any real progress that bridges the gap between centralized and decentralized organizations.

Fusion is a “Blockchain of Blockchains”…

FUSION is a public chain that can connect all other blockchains and off-chain data sources and provide complete financial functionalities.

It is designed to solve the three main issues within blockchain ecosystems: interoperability, scalability, and usability. As it stands, these are acting as bottlenecks to the Internet of Value. As we move ever-closer to the new age of the Internet of Value, FUSION aims to create a new system that enables the transfer of value in terms of tokens.

It will be a faster, more scalable, and ultimately more efficient system than other solutions. This is largely as a result of its unique Proof of Stake (PoS) and Proof of Work (PoW) hybrid consensus mechanism. It will fulfill virtually all of the functions of traditional financing, but in a distributed, more efficient, and less expensive manner than before.

The application was founded by DJ Qian – a superstar Chinese entrepreneur who was formerly behind Quantum and VeChain. So far, FUSION has been overwhelmingly successful. Within the first 24 hours of launch, their ICO managed to raise over $50 million.



Moving Towards the Era of Cryptofinance

Cryptofinance is defined as the on-chain financial activities of the Internet of Value, and their related off-chain financial activities. Cryptofinancial applications will be the main applications of the Internet of Value.

The most important feature of CryptoFinance is that financial products will mainly be represented on blockchains, and transactions will primarily be accomplished through smart contracts. Off-chain assets will be tokenized into cryptofinancial assets, while on-chain financial products will mostly be represented by smart contracts.

However, blockchain cannot solve all of our problems, and centralization will remain an important feature of our society for the foreseeable future. As a result, it is expected that in the future centralized organizations will co-exist with blockchain communities, and it is this that will ultimately form the Internet of Value.

As development progresses, it is likely that traditional financial institutions will gradually be transformed into service providers for cryptofinance.

It will be a huge step forward, but we might be much closer than most people would think.

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Bitcoin Sinks Below $3,200 as Teenage Bitcoin Millionaire Says Its Dead

It’s yet another dark day for Bitcoin. In fact, it’s the darkest one this year. The currency has once again set a new low for the year. At press time, the currency was trading at $3,230, down 10 percent in just 24 hours. The currency was performing especially poorly on some markets such as BitMEX, Coinbase Pro and Bitstamp where it was trading at $3,180. Since the week began, Bitcoin has lost close to $500. The currency’s immediate future looks bleak, especially given that it’s entering the weekend. Historically, cryptos have performed very poorly during weekends. With the currency sinking further and further for the year, one investor who made millions through Bitcoin has further added fuel to the fire. According to Erik Finman, the currency is dead. Finman made millions by investing in Bitcoin back in 2011 when only a few investors knew of the currency. However, according to him, the currency could have a few more bull runs but in the long term, it’s dead. Bitcoin Could Test the $3,000 Level Bitcoin hasn’t been for the faint hearted this year. It has tested various support levels and come up short. The $6,000 level seemed strong for quite some time, but even that came up short. And now, the currency seems poised to test the $3,000 level. In just the past one month, Bitcoin has halved in value. The assault had seemed to begin a reversal days ago when it hit $3,700 on some markets, but the bears seem to be in control of the market movements. On most markets, the father of crypto was trading just above $3,200. HitBTC continues to be one of the most friendly markets, with the price standing at $3,318. However, on American exchanges, the currency continues to perform dismally with Coinbase, Kraken and Gemini all trading at $3,180. Bitcoin could test the $3,000 level soon, with the current market making many investors frantic and eager to sell. The current sellout is the largest since July when the currency lost $3,000 in weeks causing traders to panic. With the weekend kicking off, it could drop further. Whether the currency can bounce back will largely depend on its ability to stay above the $3,000 support level. Bitcoin Is Dead – Teenage Millionaire As if the current turmoil isn’t enough for investors, a teenage Bitcoin millionaire has some more devastating news. According to Erik Finman, Bitcoin is dead. Finman believes that while it may not be immediate, it will slowly ebb away. He told MarketWatch: Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last. It may have a bull market or two left in it, but long-term, its dead. Finman began investing in Bitcoin in 2011 using money gifted to him by his grandmother. The early adopter grabbed the headlines last year after he turned his $1,000 investment into a $4 million fortune. However, he believes that those investors that are out to make millions as he did will lose their investment. And it’s not just Bitcoin. Finman believes that the future is even bleaker for Litecoin, the ‘silver to Bitcoin’s gold’. The currency is currently trading at $23, down 93 percent from its all-time high of $365. Litecoin has been dead for a while. It’s like when the sun is going down and there’s that eight minute period just before it goes dark. Litecoin is in its seventh minute. The post Bitcoin Sinks Below $3,200 as Teenage Bitcoin Millionaire Says Its Dead appeared first on NullTX.

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