February Newsletter: A Month of Steady Progress
Welcome Fusionites to the inaugural edition of our Fusion Newsletter. On a monthly basis, we will keep you informed on technical and strategic initiatives, and other happenings in the Fusion world.
A Note from our Founder:
I want to wish you all a happy Chinese New Year!
I would like to take this opportunity to thank the entire team for their hard work in the first month of 2019. And, more importantly, I would like to share my deep appreciation for our community and the great support you’ve given us. You have tested, provided feedback and suggested valuable ways that Fusion can improve its financial protocol. We sincerely thank you.
Since we released PSN 1.0, we have been working hard to improve our consensus engine, stabilize network connections, finalize quantum swap and asset gateway functionality and advance business co-operations.
I believe all of you will be very excited by our PSN 2.0 release and also to learn about the progress of strategic adoption. Be ready for it!”
Our February newsletter covers the following topics:
- PSN 1.0 — Beta Release Recap
- PSN 2.0 — Network Stabilization Release
- PSN 2.0 — New Feature Release
- Strategic Partnerships
- Exchange Listing
- Fusion Knowledge Centre
- Looking Ahead
Technology PSN 1.0 Beta Release Recap
On December 28th 2018, we launched the first live Fusion network (PSN 1.0).
Throughout January and the first half of February, the community helped us validate innovative features like Time-Lock, New Asset Creation, Universal Short Account Numbers (USAN) and Autobuy Ticket and identify network performance challenges.
Fusion implemented one of the first fully-fledged versions of Proof of Stake consensus on PSN 1.0 which enables secure, decentralized consensus without the need for computationally expensive Proof of Work mining.
We want to thank the community for the active role they have played in the this process; stress-testing the network through staking, sending thousands of transactions, generating USANs, creating new assets and sending time-locks.
The collaboration between the team and community has been essential in identifying and resolving bugs.
Everything you need to know about PSN 1.0 can be found in the Fusion Knowledge Centre. We encourage all community members to participate in staking so you can:
- Earn real FSN ERC-20 tokens,
- Test out the innovative features in the Fusion Wallet,
- Track nodes in the Node Monitor,
- Check out the velocity of transaction in the Block Explorer, and
- Start developing products on the Fusion chain using the rich API environment.
For PSN 2.0, the Fusion technical team has been focused on resolving the network performance issues and building out new a set of features.
The PSN 2.0 delivery will be split into two releases:
- Network Stabilization Release
- New Feature Release
PSN 2. 0 — Network Stabilization Release
The Network Stabilization release improves the overall performance of the network and consensus engine. Additional details are explained in the tech updates section of Fusion’s new Knowledge Centre. PSN 2.0 will be an upgrade across the following variables:
- Improved network communications
- Lower CPU requirements for staking
- More efficient Node synching
- Reduction in invalid Merkle Roots and ‘Bad Blocks’
- More consistent block times
- Optimized error logging
- Refined consensus engine code
PSN 2.0 — Feature Release
Fusion is incredibly excited about its upcoming feature release that introduces two major innovations to the community, and also includes hardware wallet support.
- Asset Gateway: Enables the lock-in/lock-out of digital assets to the PSN
- Quantum Swap Interface: Facilitates the cross-chain exchange of digital assets with zero additional fees
- Ledger and Trezor support: Ensures users can access My Fusion Wallet using best practice security precautions
The team continues to progress well with numerous prospective partners that are looking to improve their business models by leveraging the extensive features available on the Fusion protocol. Fusion anticipates unveiling a collaboration with a large New York based automotive company this month. Keep your eyes peeled!
As reported by Deloitte in their recent survey, there is a major trend in enterprise business to explore distributed ledger technology.
Fusion has positioned itself well to capture market share in this space, presenting a unique and flexible proposition that boasts innovative functions like time-lock, quantum swap and instantly generatable digital assets.
Fusion continues to work on exchange listings to increase liquidity. Fusion announced that the FSN token listed on an a new Korean based exchange called DFlow, backed by one of Korea’s largest token funds, Blockwater Capital. FSN is now trading on the exchange platform.
Fusion introduced its Knowledge Centre which serves as the central hub for all Fusion documentation going forward. The Knowledge Centre is intuitively categorised and the search function is helpful in assisting users to find desired information.
February is a jam-packed month on all fronts for Fusion. The Tech team will be pushing to deliver the Network Stabilization and New Feature PSN 2.0 releases, Marketing will be ramping up efforts to educate individuals and businesses about how to use and test PSN 2.0 (including an upcoming bug bounty), and the Adoption team will be announcing key partnerships. There will also be a technology focused AMA with Fusion’s Founder Dejun Qian and CTO Bret Schlussman sometime during the week beginning the 18th of Feb, keep an eye on fusion’s Social Media channel for the exact timing.
We hope you enjoyed January’s newsletter and look forward to keeping you up to date on a monthly basis.