Fusion (FSN)
$0.626081 (-1.25 %) View coin
News
10 March 2020

Fusion Foundation announces the formation of the DCRM Alliance to oversee a new decentralized custody solution

The Fusion Foundation has announced the formation of the DCRM (Decentralized Control Rights Management) Alliance, a group of decentralized finance (DeFi) and Fintech projects tasked with running nodes to support Fusion’s decentralized, cross-network custody solution. Crypto issuance platform Realio, token swap provider Totle, blockchain network Fantom, and the Karlsruhe Institute of Technology joined the Fusion Foundation, the organization behind the Fusion protocol, as the inaugural members of the alliance. The newly formed group also ran an early pilot of the decentralized custody solution, dubbed DCRM 5.0, on a testnet.

Why it matters: - Interoperability exploration continues to grow in relevance. Numerous blockchain projects, such as Syscoin and now Nervos Network, are crafting cross-network solutions to (1) break down data silos and (2) generate platform activity by connecting to chains with higher levels of adoption. - Fusion mentions institutional demand for MPC (multi-party computation) solutions, akin to its DCRM product, could be on the rise. It cites the funding raised by MPC-focused companies Fireblocks ($16 million) and Curv ($6.5 million) in 2019 as potential catalysts for this type of service.

ConsenSys released a quarterly report showing the growth of DeFi super users – those who have made at least 100 transactions on DeFi protocols in the quarter. The report breaks down how the biggest users are interacting with the DeFi ecosystem: - Uniswap leads the way with 1,625 super users (includ...
bZx, a decentralized loan platform, opted to distribute its token through Uniswap v2. The team seeded the pool with $500k, and in the same block, a bot was able to purchase 650 ETH worth ($156,000) of bZx which increased the price by 12x after listing at $0.04. As other traders wanted to front-run t...
Bitcoin might as well be a stablecoin with how stable it’s price has been over the past month and a half. Despite all the action in DeFi and broader financial markets Bitcoin has traded range bound between $9,000 and $10,000 for the past 48 days. Source: Messari Portal Spot volumes are down signi...

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