After the famous bull market of 2017, the cryptocurrency market experienced a very long and harsh bear market. Whilst this makes for a complicated period for investors, it’s not a complete tragedy; even if prices have been disappointing, fundamentals, on the other hand, have never been so strong. The blockchain universe has never been as innovative and competitive, and this article is here to prove it by comparing three innovative projects: Fusion, Cosmos and Polkadot.
Best DeFi Interoperability Solutions
These three projects were chosen because they are perfectly positioned to have a major role in the blockchain space of tomorrow. In addition to being infrastructure projects and having development platforms, they are also specialized in interoperability, a niche that will undoubtedly have an essential role as linking mechanisms not only between blockchains, but, importantly, between blockchains and traditional finance.
This article will begin by talking briefly about the three projects, their goals, and what they could bring to the blockchain space if they succeed. Then, the three projects will be compared on interoperability, technology and applications, community involvement, and defi and traditional finance. Comparing these different aspects will assistyour research and help you make the right decisions when adding Defi projects to your investment portfolio.
Fusion is an interoperability project with a primary goal of placing blockchain technology at the center of global finance. DJ Qian, CEO and founder of Fusion, is one of the pioneers in blockchain research and mining in China. He’s also the founder of BitSE, the incubator of famous blockchain projects such as Qtum and VeChain. Fusion leverages contributions from its large and dedicated community.
Fusion offers a “true” interoperability based on cryptography through its patented DCRM technology and other unique technological concepts such as the Time-Lock function.
These technological tools allow Fusion to have applications on a variety of scales:
– On a small scale: The unique way of staking using time-lock, or interoperability between different isolated blockchains allows them to communicate and exchange data and value.
– On a large scale: By enabling blockchain applications to conduct any traditional financial operation, the Fusion ecosystem could even be used in the case of Smart Cities; by allowing the different systems of a given city to communicate via network interoperability combined with Multi Triggering Mechanism technology (the next generation of smart contracts).
Cosmos is a similar project to Polkadot, specializing in interoperability, and it has a quality team. The project aims to create an ecosystem that links different siloed blockchains.
From an architectural point of view, Cosmos is composed of the Tendermint core which is common to all the blockchains of the network, and a blockchain development platform called “Cosmos SDK” which supports the…