I'd look up the transaction in Fusion Block Explorer provide that link to them and tell them it should be the sane keys as the key to your deposit address for Bibox on Ethereum. Give them the link also to MyFusionWallet to be able to log in snd access the funds.
I think you mean "didn't sacrifice security for performance". But bad performance can be a security issue too and I don't think Bitcoin has the right balance. Probably not Ethereum either, currently, but there's a plan to change it.
To address your points:- how many big projects (recent hack: UPBIT) have been hacked? It happens and it is sad, but important is the way how the projects act afterwards to control damage with the investors/ community in mind. Now I ask you, did FSN stayed still and did nothing or were they actively trying to solve this issue? Hint: look up all the info in this chat and announcements. Besides, many people who could profit from this hack (those who bought at low prices, they profited a lot, and yet, some of them are complaining the most!!!)- Exchange problems are not one sided, do you have all info concerning what is being done/ said between FSN and Exchanges? Don't forget that Exchanges have more influence and power compared to the listed tokens. So if you really want to know what exactly is done and where the issue lies, you should have(perhaps you did) post your questions for tje AMA- First of all, exchanges decide whether they want to participate in mainnet migrations or not, not the project itself. Let me ask you, would you be happier if FSN is delisted from Huobi then to wait out for the team and the exchanges to work it out? I am sure people have addressed this issue for the AMA, so wait for it.- The real problem is that people are greedy and don't pay attention before sending ERC to Mainnet exchanges, or the other way around. Of course, not all that came across this problem, but most just wanted to sell their FSN for the premium price on Huobi. Nevertheless, the problem with two tokens is definitely an issue that needs to be resolved asap. AMA is around the corner, let us wait for that
To address your point.-I agree that it’s unfortunate for all those involve that hack happened. There’s always hacks in the crypto space. Always have and always will. In terms of Fusion...Besides notifying exchanges of the hack after most of the stolen funds have been dumped exactly what have Foundation done to restore normalcy and trust to community.? Just look at the 2 token system we still have with no announcement of a future date for swap deadline whether it’s 3 months, 6 months or 9 months. This 2 token system doesn’t work. Look at the mess on the exchange with some trading erc20 and some trading native. Exchange prices having a 500% spread. -To your point about exchange deciding what they want and having more power statement. You need to stop drinking the kool-aids being handed out here. Exchanges can care less for most of the tokens and coins they list. They are operating a business, there’s a process and cost structure for ALL ico that need to have them migrate from erc20 to native. Follow that process and pay the fee associated with the service that they need to render and the migration will happen. The time it takes depends on the complexity of the code, the exact cost depends on the Dev time they have to assign. These exchanges have nothing against fusion. For the rest I will wait for the AMA as most of the things we are talking about here have been brought up on the AMA already instead of wasting time here.
Today, Fusion made a meaningful contribution to the DeFi ecosystem by open-sourcing the full DCRM 5.0 code base 🎉Together with the community, we continue working towards our vision of becoming the interconnected platform for decentralized finance 🙌https://medium.com/@fusionprotocol/dcrm5-0-unleashing-defi-interoperability-and-custodian-to-community-1895a98e8630
BREAKING NEWS: Fantom Technology to be used by Afghan Ministry of Public Health.Dear Fantomians,We're exhilarated to share with you that the Afghan Ministry of Public Health has agreed to make use of Fantom technology to improve its healthcare sector through electronic patient records, and digital certification to reduce the counterfeit drugs circulation. We're incredibly excited as this falls in line with our expansion in the Middle-East and our move into the healthcare sector for the adoption of blockchain technology.Read more about the new collaboration here. Our Sixteenth Installment of the Technical UpdateHey Fantomians! Before we kick off with today's daily update, we want to wish everyone a happy Thanksgiving. And honestly, Thanksgiving wouldn’t be complete without a daily update from Fantom, so let's get right into it.Today we’re publishing our 16th Technical Update, and we’re getting down to the nitty gritty parts of the technology and research department of Go-Lachesis, but also our new wallets and explorers that are being built right now.Check out the new technical update here!A hackathon for more than just Fantomians.Hey Fantomians! We recently announced a small developer bounty on Reddit, in which we motivated our developer community to build any kind of exciting POC on top of XAR or Go-Lachesis repos to earn cash prizes. We felt that these hackathons did an incredibly job at engage developers all over the world, but it was a bit limiting on the developers that are already building in other ecosystems.Hence today we reach out to the Cosmos community as well, wherein Cosmos developers will also be able to claim cash prizes for building POC's that are compatible with Cosmos SDK, and therefore also with XAR Network. To ensure that we get as many developers building exciting POC's as possible — we summon our community to spread the word all over Twitter, Reddit, and Cosmos communities to start a dialogue about cross ecosystem collaborations.————————————————————————————And while you're at it, have a look at some of these useful links:- Our official website - Community Website - Binance Info- Our bridge between Ethereum, Binance Chain, and Native Fantom chains.- Our Xangle Transparency Disclosure. ————————————————————————————Our official admins and community managers are:- @MHchn- @Thomas88888 - @HBC88 - @waghihnogoghi9 - @cmachenOur admins and community managers will never PM you first, and they will never ask you for any instruments of monetary value.
Obviously the Afghanistan thing seems to be Fantoms baby. They seem to be the chain of government deals. I think whether they end up using Fusion depends on the impressiveness of Fusion tech. There's obviously a relationship, but maybe Fusion isn't what they want to be mentioning atm.
So, cosmos is more like, build on our SDK and you will be interoperable. It's actually an interesting one to explain.So Cosmos is a "dapp is a blockchain" philosophy. So they see many disconnected bespoke blockchains, IBC is really just a protocol between these blockchains, where they use each other as light clients. So blockchain B receives an IBC request from blockchain A for a NFT transfer. So it sees that blockchain A is built according to the same specification, so it allows the transfer. blockchain A is still it's source of truth though, as a light client though. So it's a little bit different than interoperability. So you can't all of a sudden have bitcoin in the cosmos ecosystem because it doesn't support IBC (maybe it does one day, but not for now). So that's kinda similar to if you code smart contracts on Ethereum, you could say that smart contracts are interoperable (even though they don't have native awareness of other smart contracts or assets, but they could be designed to). So then Ethereum is interoperability? So Cosmos is sort of like the interoperable specification, and blockchains should support IBC (It's very cool). Now on the other side, let's look at Fusion and specifically DCRM. DCRM is threshold ECDSA (and other TSS later as well). So this allows a distributed (or decentralized) network to be the custodian of ECDSA, meaning it can in a decentralized fashion "own" crypto from other blockchains (bitcoin, ethereum, and other ECDSA compliant account systems). So DCRM as a module to cosmos would allow cosmos networks that support IBC to have native (via on-chain custodianship) off-chain assets (like Bitcoin).So while both fall under the bracket of "interoperability" they are fundamentality different.The combination of the protocol and technology becomes powerfull though, because then you can start doing things like trigger smart contracts on Ethereum with Bitcoin or other blockchains.So I really don't think it's an either / or kind of thing, but have very specific strengths that they are playing towards. And I would love to see DCRM as an x/ modules addon for Cosmos. What Cosmos did really well, was protocol and architecture. Now it's time we leverage their strengths and add on technology from other blockchains based on their strengths. I don't forsee there being one chain to rule them all, but instead a set of tools and specialties that let's us plug and play our desired end result. The chain I'm currently working on is a UTXO based "dapp" layer for offline transaction chaining built off of Cosmos SDK, it uses DCRM for Threshold ECDSA, Fantom ABCI for consensus instead of Tendermint, and K-Zen threshold wallets for user controlled TSS. So lot's of room to work with all these different components for your desired end result. But I'm a product defines the tech kind of guy, not the tech defines the product, so my views might be different than the pure technologists.
Of course I agree. 1. Most ppl just don’t buy recently, given the overall bear market. 2. To most ppl out there, fusion is just one of 2000 altcoin projects. They don’t spend time to do their own homework to learn project. So very few ppl understand what fusion is capable of. Given there are too many scams, they just close their ears 3. Although fsn is used as gas, but atm real adoption on fusion has not come yet (we are working on that), so there is no demand to buy and consume. On ethereum, ppl buy eth to create smart contracts to issue tokens. 4. we , as foundation, unlike other projects, did not actively pump and dump, there are not too many opportunists follow to buy (except recent huobi and it’s not us)
Crypto is all about Hype for next few Years till real adoption takes place. The question is whether Fusiom will survive that. I dont think it will survive if BTC nose gives to 3K and puts fusion in 5c. Act before too late. But DJ has different views.
Guys, what about this? This seems to me an interesting and promising branch of development for us.There is now a debate about whether or not to allow corporations to produce their crypto money. But I believe that soon it will become less relevant.For example, companies will soon have a “goods delivery transaction token” that replaces the regular invoice and reflects the financial value of the goods and the conditions for their delivery.Such a “crypto product offering” reflects a unit of “financial value” that the corporation produces."Financial values of corporations" in the global economy are exchanged, for example, through the USD, which is essentially a stable coin, like some national currencies. But at the same time, today, hundreds of crypto-stable coins will appear and at the same time there are already bitcoins and other cryptocurrencies.Thus, there are a lot of currencies, but it is the commodity values produced by corporations, expressed through the “goods delivery token” that become real financial value for society. Stable coins fade into the background, (there are already hundreds of them and soon there will be thousands), they are just a means of exchange made by corporations of "physical value".Corporations producing goods and exchanging them through "token-goods-delivery" will be the producers of "crypto commodity finance", which in fact will be something like corporate crypto money.Namely, “trade-product-to-corporate tokens” will gain real financial value, in a world in which there will be thousands of stable coins, in this world it is Bitcoin that will become a means for the accumulation of values.Fusion, is the main technology for the construction of new trading cryptocurrency networks for B2B2C with the possibility of producing “product-transaction corporate tokens” and delivery to consumers' wallets and other markets.
There's also the possibility btc doesn't survivev the halving. Miners move to Ethereum. Don't think so though. Btc will be fine this time, but I tjink there will be a halving in the future wheremining costs no longer become sustainable and miners migrate.
It’s easy to say we don’t need to pay the exchange and run the risk of getting delisted. We must keep in mind how many Exchange right now is trading native FSN vs how many are still trading erc20.The ones that are trading native FSN are OkEx, Bitmax.Keep thinking like this, one outcome is we may very well only be on these two Cex. Also most exchange have a minimum trading volume requirement. Should we fall under the minimum trading volume requirement we may also be delisted in the future. If we end up being only listed on 2 Cex god forbid if one of those or both delist FSN due to not meeting their minimum trading volume requirement we will be in a very bad position. Besides what I’ve said above, we must understand also if we are taking a longer term outlook it is beneficial for fusion to move forward and ensure that the other exchanges migrate to Mainnet for current Fusion investors, future fusion investors and future partners (ico, sto, stablecoins etc..)Perhaps another side of this that many including @djqian @johnl1 @YonaTak have not taken into consideration is that once the exchange have migrated to our Mainnet, any “future” ico or even stable coins issued on Fusion platform will be “easily” listed on these exchange that have already integrated our Mainnet. This is huge for Fusion.For a small start up in this space like Fusion it is crucial for us to position ourselves in a position where future Ico, sto and stablecoins can easily be listed on the exchanges that have already integrated Fusion Mainnet. The challenges we have right now will also the challenge that any ico, sto and stablecoin launching on Fusion will have to overcome in terms of time and cost. The majority of ICOs have been launched in Ethereum with a smaller percentage on Btc, Icon, Tron, Vevhain, Ripple, Stellar, Qtum etc...Once an exchange have integrated our Mainnet they will be able to allow future ICOs, STOs even stable coin in Fusion to be easily listed with minimal additional cost and time. This is something that we “must” take into consideration.For an exchange to list an erc20 (Ethereum) token, Nep-5 (Neo), Trc-20 (Tron) etc...it is a very simple process, it can be done with click of a few buttons similar to how we add erc20 on our metamask (token name, contract address, decimals). If an ico that launch on Ethereum as an erc20 the time to get listed an exchange that already support Ethereum it is very easy. For an ico that launch on let’s say Neo Nep-5 trying to be listed on an exchange that does not support Neo Mainnet it can take months for them to integrate. Once that’s done future Nep-5 tokens will be able to list on that exchange quickly.We have to take into consideration whether we are looking at long term or short term and how we want to position ourselves.Do we see future ICOs, STOs and Stablecoins being issued on Fusion? If we don’t position ourselves correctly most future ico, sto and stablecoin will choose to launch on other platforms.
I never meant that way. Ethereum thrived because its price boomed and more people stepped in as its price was raising high. Do you think ethereum would have survived if it was 20c after 2 years? But fusion's price has gone to 25c from 2$.
Having 2 types of tokens, not wanting to pay fee to get listed / switch to native are a problem now because the price is bad, if fusion was a 10 USD coins who will cry for those issues ? Let's all communicate about DCRM, if new investors join the channel and see only negativity, it's game over in advance ;) Enjoy all your sunday and let's push fusion together to the moon ❤️
Hi FSN team,Could I please ask for a clarification regarding token swap process.I have read the URL from the site:https://www.fusion.org/fsn-token Andhttps://fusionnetworks.zendesk.com/hc/en-us/articles/360025841473-Tips-for-Token-SwapBut it is a bit unclear which original wallet can be used. Must it be myEtherWallet? For example if I use Trust Wallet, I cannot see my key pair …And how can I create the matching key pair for the www.myfusionwallet.com. Should I do “wallet restore” using the 12 word phrase to ensure it has the same key pair? How can I verify that the same key pair is actually created?Would be nice if an Admin might clarify that process.Thanks, Mike
I can get peer from myEtherWallet for example, it allows to export it. But not from Trust wallet. Unfortunatly MyEtherWallet does not support native FSN, so how can I verify that the same Private key is generated, as the address in the myfusionwallet, will be native FSN, so It is differrent from ERC20 ...
Private keys aren't really ever "created", they just exist. An Ethereum address is derived from a public key which is derived from a private key as the result of an irreversible mathematical operation. Fusion uses the same fundamental algorithms as Ethereum, thus every private and public key and address that exists on Ethereum exists 1:1 on Fusion too.So any Ethereum private key unlocks the same address on Fusion. ERC-20 FSN sent to the swap address (which is just a burn address) from an Ethereum address is sent back as native FSN to the same address on Fusion, where it can be accessed with the same private key. Mnemonic phrases or hardware wallets just add some additional magic to derive keys and addresses from a seed (sooner or later you'll stumble upon the term derivation path, which is just that).
Ledger Instructions MyFUSIONWalletIn order to execute transactions through the Ledger hardware wallet you are required to change several settings. This is because FUSION’s transactions contain more data than regular transactions. Both Ledger Nano S and Ledger Nano X are supported.Instructions:1) Make sure you update both the Ledger Firmware and the Ethereum app on the device to the latest versions. This can be done through the Ledger Live Application through your Desktop.2) Open up the Ethereum application and go to Settings3) Set Contract Data to ON4) Set Display Data to OFF5) Enjoy MyFUSIONWallet!In order to find your address through the Ledger Nano X, you will need to check which number the wallet is on the Ledger in order to find it (eg. ETH Account #1). When selecting Ledger in MyFUSIONWallet select “Custom Path” and use the following derivation paths:First address : m/44'/60'/0'/0Second address : m/44'/60'/1'/0And so on. If there is any trouble unlocking your Ledger or executing transactions. Please feel free to contact us through the FUSION Developers Community.
I think if your wallet isn’t FIO enable you won’t be able to send the funds. Just like Zelle they started a couple yrs back with less than 30 partners now they have over 400 partners.If I’m trying to send someone money via Zelle the other person would know whether their bank is working with Zelle or not.Let’s say I’m Wells Fargo I tell my friend to send me funds from his chase acct to my email that I have with Wells Fargo through Zelle. I will still have to get set up with Zelle on my Wells Fargo and designate which email with which of my Wells Fargo acct to receive the funds.
Perhaps this also confirms my hypothesis of stable coin hyper inflation. I assume that in the future, in the “stable coin-product” pair, there is a problem due to the fact that “crypto-stable coins” will be produced on an industrial scale by all countries and even some Tether, in fact a private company is already printing its cryptographic 1: 1 like a dollar and exchanges it in the market for real $ 4B “assets-assets”. I'm not sure if Tether has 1: 1 fiat dollar security for its TUSD. Also, some DAI make stable coins like a dollar 1: 1, say, conditionally, “out of thin air”.In a situation where stable coins are mass-produced by everyone, they are depreciated, although they are a convenient way to fix the "constant value of the price of goods over time."The mass production of stable coins by all will begin to depreciate the revenue of corporations, so they will immediately exchange “stable coins”, for example, for bitcoin or something that has a limited amount of shares, for example, FSN.And corporations may well allow fluctuations in the value of these valuable crypto assets in their warehouses, but at the same time, they can sell goods in exchange for a “stable coin”.
Not to FUD but Foundation need to get their sh*t together quickly if they really want an institution to take them seriously let alone a central bank.Collaborate with NCC in the hopes of being in a position to help the French Ministry with their CBDC? 😂 They’ve missed out on many opportunities over the last 1.5 years. The right move was to go for Marshall Island which was really the first one of to test run a CBDC. Estonia wanted to before Marshall island but the EU Shut them down before they even started.Fusion isn’t ready for prime time. The first thing they need to do is get the house in order, clean up all their mess and conduct business in a more transparent and professional manner.They have absolutely no clue on how to position themselves to be in a position to be acknowledged or taken into consideration by any central bank..
I agree with you Jp. Theres alot of problems to fix. Fusion is still has ways to go. I'm having an issue with the quantum swap. I have lost 3k fusion, and I'm. still waiting for my issue to be resolve. Fusion tech is unique, but in order to advance it needs to get it together, especially being adopted by central banks. Finance is delicate and needs to be handled with finesse.
I agree. And I want to say that we should not worry so much about interacting with the state blockchain, as Iruwen said, here not everything depends on us. There are many state offices that we cannot open today.Yes, we do not need it because there are things that have a more important priority.For example, ask yourself a question, well, there will be state stable coins, but at least on any blockchain ala ethereum ... There are a lot of state-owned stable coins from different countries. Well, then what?Without real use, it is simply "air." And here for their crypto-stable coins, you need trading blockchain networks for their companies B2B2C crypto markets. And now, if our blockchain is really good for B2B2S networks, then all commercial companies themselves will connect to us, and from any country France, Germany, America, any crypto-stable coin needs a B2B2C trading network.It is in such a network that the traffic of transactions, purchases and transfers is the largest in this network; good earnings from gas and mining.Do not rely on bureaucrats from different countries and we don’t need to bother them in their offices. The main thing is not they, but what B2B2C networks will their companies want to sell on, the main thing is whose networks are interoperable. Soon hundreds of stable coins will appear, but whoever wins for them, for corporations, a convenient crypto-trading network B2B2C will win, because it is the trading operations that matter in the world of finance, and it does not matter from which country a stable coin is.Our task is that commercial companies from around the world choose our trading interoperable B2B2C crypto network, so that they start their wallets with us, that’s the point.So let's do what depends on us - we will build an alliance of B2B2C trading markets of world significance, let's make crypto trading possible for commercial companies from different countries in our network. This is a growth point.
Whether we are dealing with government entities, FIs or enterprises the same thing still applies.How are we going to serve millions of end users? Let’s take for example the 40 partners we have on the website to start. Exactly what’s going on there. Which one of those are actually using Fusion protocol in any capacity?Waiting for DCRM is great. We waited for testnet, Stagenet then Mainnet to launch, interoperability solution...Now we are waiting for DCRM. We are pivoting to PoA also. We still have not heard from Foundation with more transparency as to how this will effect their roadmap. There’s a lot of uncertainties with absolutely no transparency and timelines given.
Deutsche Bank just released a report detailing the 'end of fiat money' and the rise of cryptocurrencies like Bitcoin within the next decade.“The forces that have held the current fiat system together now look fragile"https://t.co/uMKGrg6FOi