What is the Fuse Network?
The Fuse Network is a permissionless and borderless public ledger designed for easy integration of day to day payments. The Fuse Network is anchored to Ethereum via a bridge, so any token can move freely between Ethereum and the Fuse-chain. The function of this is so that when tokens are minted on Ethereum, they can be moved to the Fuse-chain which it can access a huge range of features and plugins that bring out different functions and opportunities.
Functions of Fuse Network
Integrate digital payments with crypto – Fuse makes it convenient for companies and enterprises to integrate digital payments on their platforms through its simple user interface. With digital payments, businesses can easily offer their goods and services even to other customers worldwide.
Ease business operations – Because of smart contracts, business operations can be automated. Just by linking your business data with the Fuse network's smart contracts, you can easily lower the cost of having complicated IT infrastructures.
The Fuse Studio is a decentralized application (dApp) that handles the whole interface which the user works with. It runs on top of the Ethereum and Fuse Network.
The Fuse Studio allows the user to launch and operate their own communities and set some conditions through the help of smart contracts. Smart contracts refer to self-executing codes that can be infused in a program to perform certain functions if some standards are met.
They can find great use cases for users especially since they do not have to monitor their communities 24/7. Therefore, they can update their conditions based on their own agreements if needed. Additionally, Fuse does not own or control any user data that goes through these contracts.
Through the Fuse Studio, users are also given the ability to mint their own tokens. They can distribute these tokens for use in their own networks. For instance, someone can choose to distribute a stablecoin of their preference, another ERC-20 token supported by the platform, or create a new one for the communities that they will build on the Fuse Network.
Fuse Studio also has a built-in contract store to allow the easy launch of new features and integrated services. As a result, there have been numerous developments that the community have come up with for the Studio. Some of these are plug-ins that let users:
- Manage their communities, add members, admins, and designate roles for each
- Establish transaction costs
- Integrate white label wallets
- Access local dApp stores, among others.
To access the Studio DApp, users just have to download the Metamask wallet plugin on their browsers.
The Studio is linked with the Fuse Wallet to help transfer the processes from real-world transactions into the blockchain. The Fuse Wallet is based on Ethereum and supports any ERC-20 token, and it allows for easy onboarding, speedy verification times, merchant support and other functions aimed at regular customers. It is a mobile app available on both iOS and Android. It is also non-custodial, so users can feel assured that they do not have to provide their private keys in order to use it.
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