A New Age of Cryptofinance Is On Its Way

Although it successfully enabled us to digitize our money by creating a new layer on top of legacy systems, it did not create a whole new infrastructure.

Now, decades later, with the rise of cryptofinance, we have the opportunity to create not only a new frontend but a completely revolutionized system.

While the majority of the world remains vastly unaware of the potential of cryptocurrencies outside of the likes of the current price of Bitcoin and Ethereum, experts are rapidly building a parallel financial system that rivals our current system - and could one day completely overthrow banks and the large financial institutions we have become so used to.

Currently, the main issue is that blockchains cannot interoperate with other blockchains, meaning that every cryptocurrency operates solely within its distinct network.

While many of today's crypto projects are largely focused around improving our current financial institutions, one new blockchain startup, Fusion, is focused on the bigger picture.

This will enable the team to create an ecosystem of cryptofinance that ultimately mimics our current financial system between communities.

The main difference is that unlike our current traditional financial systems, users will be able to trade without a central intermediary or exchange by utilizing smart contracts and the FSN token.

We are quickly moving away from traditional centralization into a brand new era of decentralization.

A few years ago, the big question was whether or not blockchains could even survive without the support of our centralized legacy system.

Fast forward to today, and it's becoming increasingly clear that today's big question is when, not if, decentralization will become the new norm.