Fusotao's Unique Mechanism
Since everyone likes to be in control of a situation especially when it relates to them, the concept of decentralized systems was well accepted by a large population of the world. Such systems allow individuals to wield power in making decisions for themselves and the organisation they are also invested in.
It is not uncommon to see Blockchain networks with Proof-of-stake or Proof-of-work protocol. They are mechanisms that propagate the functionality of a platform and its ecosystem.
However, there is a protocol unique in its mechanism unlike the others. It is known as the Proof of Matching. This gives leverage to users in pricing orders.
Fusotao is a peculiar protocol that uses the Proof of Matching protocol. This is a network consisting of specific limited data modalities; a matching authentication regulation and transfer constraints or consistent data rule.
The Systems of Matching
Proof of Matching is otherwise known as matching verification. As stated, it is the defining feature amongst other blockchain networks. One of the several means to partake of Fusotao is by becoming a Matcher.
When users are allowed to price orders it is a matching system. The order book is a primary part of this system. It saves every order based on time and price accordingly. Any order placed has to go through the trade sequence if a price meets to make trade and pay no attention to the individual who owns the order. In addition, its design is a data format.
Normally, for trading to occur, a user has to transfer the ownership to a matcher. By giving account rights to a matcher, mutation can easily take place. Therefore, it's is necessary for trust to be built for trading with matchers because they are humans. It is likewise important to verify a matcher's output.
The following rules are compulsory for all data modifications:
A. As soon as data is shared, associated mutators should be just one.
B. Do not distribute mutated data and make sure the data distributed is immutable.
Unlike the system of transferring transactions where the location of senders and receivers have to be updated, the matching system requires the matcher who is now a mutator to make changes for each order to the orderbook.
TAO, the Fusotao Token
The utility token of Fusotao is TAO. It is not just a token to be used for accessing the platform, it has physical value, and represents holders authority. Fusotao protocol possesses great engagement, community leadership, and decebtralization. In administration, it is the proof of engagement by the community.
Below are situations in the governmental aspect where the TAO token is applicable:
Holders with a specific amount of TAO tokens have rights to commence proposal development like managing gas, boosting TAO future incentives, and modifying reward disembursement of liquidity pools.
Every holder is allowed to decide on proposals. The larger votes will be applied and used to foster development.
A minimum amount of votes is required for the development of a new decentralized exchange project to commence and be uploaded online.
Conclusion
The focus of Fusotao is to make executions off the chain and verification on the chain. Transactions can be completed and evidence if transactions obtained gotten without users asset custody via orderbook match off-chain including authorization on-chain. There is no need to trust humans since the process is automatic. Until every order match is successful, no user's assets will be changed. Trading is the main thing in Fusotao protocol. To inspire transactions for receiving TAO benefits, the Proof of Trading was implemented. Whenever a user trades in Fusotao supported decentralized exchanges, TAO tokens are gifted to them based on their trading capacity in 24hrs which is one era.
USEFUL LINKS
Website: https://www.fusotao.org/
Whitepaper: https://www.fusotao.org/fusotao-whitepaper.pdf
Telegram: https://t.me/fusotao
Discord: https://discord.gg/WDwB4X8Kdz
Github: https://github.com/uinb
Twitter: https://twitter.com/FusotaoProtocol
Medium: https://medium.com/fusotao-protocol
AUTHORS DETAILS
Bitcointalk Username : vjaphie
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=3427981
Wallet : 0x7bDa934bC23F39a2E20e6b7D02723312Cd1d3f6e