Category: Fuse Academy

Blockchain enables computers to communicate perfectly through nodes and allows validations to be shared by each computer on the network. In that way, the principle involves solving the Byzantine general problem.

With blockchain, a user can send information to another user without using a human intermediary.

The word Blockchain became famous when an anonymous man Satoshi Nakamoto created a digital ledger system that allows peer-to-peer sharing of information between two users.

Satoshi’s achievement was incredible because users couldn’t manipulate or hack the system. The anonymous man created his magic internet money known as Bitcoin through his findings.

A blockchain transaction is secured by a block connected to other blocks by its hash value. With that, there is a need for cryptographic puzzles created by those blocks to be solved by miners. The miner who solves the puzzle via a consensus mechanism receives a reward for his contribution to the network, known as Proof of Work (PoW).

One of the most important applications of blockchain is that it allows people to send money across the world without intermediaries. Fuse is a decentralized blockchain platform that enables mass applications of crypto payments and decentralized finance (DeFi).

The current financial system can’t provide millions of people with fast and reliable payment systems.

Crypto payment companies are not solving the problem either. Most of the systems they create are too complicated for non-technical users. We aim to bring DeFi and crypto payments to the masses by empowering businesses, projects, organizations, and communities to adopt crypto payments and DeFi.

We have achieved that by providing mobile-friendly tools that enable users to interact with token-powered environments.