Hi everybody! How are you doing today? I am introducing an awesome project. Lots of people are joining this endeavor day by day. They are getting so many benefits by investing in this project. If you want to get benefits you must have to participate in this platform. So just join the project and have a bright future.

Fusotao Protocol

The Fusotao Protocol is an ultimate verification protocol designed for order-book based matching systems that use the paradigm “execute off-chain, verify on-chain”. A centralized off-chain server is utilized to keep the order book and match the trade orders in accordance with the “execute off-chain, verify on-chain” concept. Immediately following the off-chain matching, the protocol will validate it on-chain. The on-chain verification approach protects users’ assets. This is true because only once the transactions have passed the on chain's verification will the user’s assets on the chain be modified, ensuring a high level of security for the user’s assets. That implies the assets are constantly on-chain, giving users complete control over their assets.

The whole process is based on automated trust rather than human trust. The user’s assets will not be changed until the matched transaction is proved successful on-chain. The trading itself is the core of the whole system

Problems that the Fusotao Protocol tends to fix

The global cryptocurrency exchange platform market has witnessed significant growth over a short period. The market growth can be attributed to the high demand for the platform to facilitate the trading of cryptocurrencies, but even with all they have achieved in making the trading of cryptocurrencies more feasible, there are still a lot of shortcomings that need to be addressed, including

1. Speed and efficiency
2. High transactions fees
3. Scalability issues
4. Limited trading functionality and user experience

Solution

Fusotao being an appchain of the Octopus Network allows it to have a dedicated transaction processing capacity and can easily achieve 1000 TPS throughput and fast finality. Transactions on FXDX are super fast, it is even faster than swap this is because of the off-chain matching system. And this is why this DEX is very recommendable for both beginners and experienced traders thereby solving the problem of speed and efficiency of DEXs.



Application-specific blockchains can process more transactions quicker and cheaper than doing so with smart contracts on a Layer-1 blockchain. Smart contracts on Layer 1 are all run by the same virtual machine (e.g., EVM), which means they end up competing for resources. Imagine a world where hundreds or thousands of dApps are all reliant on one virtual machine and are simultaneously trying to serve their respective communities — the network congestion adds up

Aim & Objectives Of Fusotao Protocol

Fusotao Protocol has a definite aims to solve the pending issues associated with scalability and matching performance on centralized cryptocurrency exchanges by delegating trading activity off-chain, without giving up security guarantees, including the non-ownability of user funds and the full fungibility of the underlying assets. The blockchain application chain acts as the verifier, while the off-chain matching system acts as the matcher and prover. The application chain holds users' assets and verifies matching transactions from the off-chain client, which is used to execute orders and prove them through its novel Matching Verification Sub-protocol.

Leveraging a custom and optimized implementation of Sparse Merkle Tree, the orderbook is encoded into the Tree and its root hash is stored on-chain leaving the entire Tree to matchers. Verifiers simply have to verify the order execution result by validating the Merkle proof and the matching procedure with its root hash and origin command. Once verified, the accounts can be mutated and the updated root hash stored on-chain.

$TAO as a native and utility token

$TAO is the native utility token of the Fusotao Protocol. It is a link that motivates developers and community members to participate in Fusotao ecosystem. 63% of $TAO tokens will be distributed to the community members. Community members can get $TAO rewards by participating in trading, community governance, verification nodes, and $TAO staking, or directly share transaction fees through staking tokens for the DEXs backed by Fusotao Protocol.

TAO tokens can be used to pay Gas fee on different DEXs backed by Fusotao Protocol application Chain. (The 0 Gas is just for valid trading. If the proofs submitted from the off-chain matcher are verified by the on-chain verifier, the Gas fee will be reimbursed by the validators. In other words, only the valid proofs will not be charged.)


You can get $TAO from the upcoming IDO of Fusotao, the vesting of IDO tokens is 100% unlocked on August 8th. You can consult Fusotao's official IDO announcement for more details: https://medium.com/fusotao-protocol/fusotao-ido-announcement-3e1b72161314



Partner and investor :

Conclusion :

Inference :

When we look at the crypto world in general, many projects appear day in and day out as funds are depleted and inactive and continue their activities in ongoing projects. However, we can see that most of these projects are defi based or considered as nft. Some of them try to continue their activities with a combination of both defi and nft. But, as a rule, most of them end in failure. Especially with projects that do not have many investors, we have to face this even more. When we look at the current state of the crypto market at the moment, investors tend to abandon projects and invest in such platforms seriously.

Fusotao is deeply committed to the development of this community. They designed the TAO token for significant use on the core platform. The goal is to make TAO the native means of conducting transactions on the Fusotao Protocol platform for users. A specific use case would be for the TAO Launchpad program, in order for a user to participate in an upcoming project, they would have to deposit TAO to be eligible to participate.

This is what I can say in this article. If you need accurate and reliable information, you can visit their official link, which I have provided below:

Website: https://www.fusotao.org/
Twitter: https://twitter.com/FusotaoProtocol
Telegram: https://t.me/fusotao
Medium: https://medium.com/fusotao-protocol/
Authorship Detailed
author : JennaFleming010
Bitcoitalk Url :-https://bitcointalk.org/index.php?action=profile;u=2602387
Auth. Proof :- https://bitcointalk.org/index.php?topic=5405105.msg60583420#msg60583420
BSC wallet : 0x0f503e80969E306b13664Bd78Cac6A4589302929