Fuse Solana’s innovative smart wallet is revolutionizing digital finance. This innovative wallet eliminates the traditional need for seed phrases and recovery keys, providing users with a seamless and secure experience. Fuse’s advanced security measures, such as two-factor authentication (2FA) and spending limits, offer robust protection for digital assets. This redefines the standards for digital wallets with unparalleled convenience and security, ensuring users can manage their assets with greater confidence.

Simplifying Security: No Seed Phrases

A standout feature of Fuse is its elimination of seed phrases. Traditionally, seed phrases are used to recover digital wallets if users forget their passwords or lose device access. Although secure, seed phrases can be cumbersome and prone to human error. Fuse simplifies this process by offering a more intuitive and user-friendly approach to wallet security. This innovation not only eases the onboarding process for new users but also reduces the risk of losing access to funds, making it simpler for everyone to manage their digital assets. By removing the need for seed phrases, Fuse significantly lowers the barrier to entry for new users and enhances overall security.

Enhanced Recovery Keys and Two-Factor Authentication

Beyond removing seed phrases, Fuse introduces enhanced recovery keys. These keys streamline the wallet recovery process, minimizing the traditional obstacles associated with digital wallet recovery. Additionally, Fuse integrates two-factor authentication (2FA), adding an extra layer of security. With 2FA, users must verify their identity through a secondary device or method, significantly reducing the risk of unauthorized access. This feature provides users with greater confidence and peace of mind, knowing their assets are well-protected. As a result, users can enjoy a higher level of security without the complexity traditionally associated with securing digital wallets.

Spending Limits: Encouraging Financial Discipline

Another innovative aspect of Fuse is the ability to set spending limits. This functionality allows users to manage their financial activities more effectively by capping the amount that can be spent within a specific period. By promoting financial discipline, Fuse helps users avoid overspending and maintain better control over their digital assets. This feature is particularly beneficial for individuals aiming to budget their expenditures or protect themselves from impulsive transactions. By allowing users to set spending limits, Fuse not only enhances security but also encourages responsible financial behavior.

A New Era for Digital Wallets

In conclusion, Fuse marks a significant advancement in digital wallets. By removing the need for seed phrases and recovery keys, incorporating 2FA, and enabling spending limits, Fuse offers a comprehensive solution that prioritizes both security and user convenience. These features collectively set a new standard for digital wallets, making it easier and safer to manage digital assets. As Fuse evolves, it is poised to become an essential tool for anyone involved in the digital finance ecosystem.

With its innovative approach and user-centric design, Fuse is not just a wallet but a complete financial management tool catering to modern digital asset holders. As the digital finance landscape continues to expand, Fuse will undoubtedly play a crucial role in shaping its future. This tool’s advanced features and focus on security and usability make it a game-changer in the realm of digital wallets, heralding a new era of financial management. By simplifying security and enhancing user experience, Fuse is setting a new benchmark for what digital wallets can achieve, promising a safer and more efficient way to manage digital assets.

SOURCE

https://fusewallet.com/blog/fuse-solana-s-first-smart-wallet

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The product offering has 4 main components: Massbit Route, Prime, Insights, and multi-chain indexing. Massbit Route is Massbit’s flagship product, and it is currently running on the second testnet iteration.

Massbit Route is a decentralized network of providers, including nodes and gateways, whose task is to connect users to the supported blockchains by routing their RPC connection requests. Those requests are initially sent to gateways which then address them to the relevant node, which transmits requests to its associated node on the relevant supported blockchain.

Massbit aims at achieving significant provider redundancy to ensure that if some providers in a given geographic zone are not available at a given moment to serve a request, it can still be served reliably by other providers.

At the time of writing, the Route network is powered by 1,945 gateways and 2,188 nodes available in all the world regions.

The tech stack is powered by the Massbit chain built on top of the Polkadot-developed Substrate framework. It is a proof of stake network whose primary purpose is to enable and incentivize protocol participants to verify each other.

The Massbit network participants will be rewarded for the correct provision of their services with the upcoming MBT utility token. They will also need to stake MBT to ensure desired performance. A detailed description of MBT’s utility can be found in the Massbit documentation.

How Fuse integrates Massbit

Massbit integrates Fuse Network blockchain on the Massbit Route. This will make it possible to optimize access to the network further.

Once Route’s support for Fuse has been activated, projects and developers on Fuse will be able to boost their applications’ connectivity with Fuse Network.

🔽DETAILS:

https://news.fuse.io/fuse-partners-with-massbit-to-boost-blockchain-access-decentralization/

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Fuse has always been looking for the most promising decentralized blockchain access protocols that could solve this problem, and today we have the pleasure of announcing a partnership with Massbit.

A decentralized global BDN layer

Massbit is building a decentralized, globally distributed blockchain delivery network (BDN) to provide users with streamlined and robust access to blockchain APIs.

The product offering has 4 main components: Massbit Route, Prime, Insights, and multi-chain indexing. Massbit Route is Massbit’s flagship product, and it is currently running on the second testnet iteration.

Massbit Route is a decentralized network of providers. Including nodes and gateways, whose task is to connect users to the supported blockchains by routing their RPC connection requests. Those requests are initially sent to gateways which then address them to the relevant node, which transmits requests to its associated node on the relevant supported blockchain.

In addition, Massbit aims at achieving significant provider redundancy. This is to ensure that if some providers in a given geographic zone are not available at a given moment to serve a request, it can still be served reliably by other providers. The Route network is also powered by 1,945 gateways and 2,188 nodes available in all the world regions.

Furthermore, the tech stack is powered by the Massbit chain built on top of the Polkadot-developed Substrate framework. It is a proof-of-stake network whose primary purpose is to enable and incentivize protocol participants to verify each other.

In addition, the Massbit network participants will be rewarded for the correct provision of their services with the upcoming MBT utility token. They will also need to stake MBT to ensure desired performance.

How Fuse integrates Massbit

Massbit integrates Fuse Network blockchain on the Massbit Route. This will make it possible to optimize access to the network further. Once Route’s support for Fuse has been activated, projects and developers on Fuse will be able to boost their applications’ connectivity with Fuse Network.

ABOUT Massbit

Massbit is a decentralized blockchain delivery network whose main product is Massbit Route.

Website | Twitter

ABOUT FUSE Network

Fuse Network is a fast, decentralized, and low-cost alternative to existing digital payments.

Website | Twitter

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Transak is one of the most popular fiat on- and off-ramp providers in the crypto space, currently integrated into more than 100 applications, including, among others, Metamask, Coinbase Wallet, Trust Wallet, and 1inch. Transak covers 130 cryptocurrencies on over 75 blockchains in more than 125 countries.

LEADING GLOBAL FIAT ON RAMP

Transak supports a range of payment methods for its on-ramp. It includes bank transfers, Visa and Mastercard credit cards, Google Pay and Apple Pay, and others (e.g. UPI in India). Off-ramping is currently only possible using bank transfers.

The on-ramp fees mostly range from 0.99% for SEPA bank transfers in the EU to 5.5% for credit card and Google and Apple Pay purchases in certain currencies and countries.

The full information about the supported crypto and fiat currencies, blockchains, countries, and payment methods, as well as limits and know-your-customer (KYC) requirements, is available in Transak’s documentation.

Transak-powered functionalities can be integrated into any application or website using its developer integration toolkit, which includes Transak’s widget and Web and Mobile software developer kits (SDKs). The company is also working on enabling developers to use its ramp on a white-label basis.

FUSE INTEGRATION WITH TRANSAK

Transak has now added support for the Fuse Network blockchain on its on-ramp. Users can purchase Fuse’s native FUSE token and the USD Circle (USDC) stablecoin on the Fuse Network blockchain from their bank accounts.

Currently, on-ramping to Fuse is available via Transak’s interface. Stay tuned for updates about its integration into additional interfaces on Fuse.

ABOUT FUSE

Fuse Network is a  fast, decentralized, and low-cost alternative to existing digital payments.

Website | Twitter

ABOUT Transak

Transak is a developer integration toolkit that enables you as an app developer to onboard your users to buy/sell crypto in any blockchain app, website, or web plugin.

Website | Twitter

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Fuse Network

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Since they arrived 14 years ago, blockchain and cryptocurrencies have gone a long way. This is evidenced today with decentralized autonomous organizations (DAOs), cryptocurrency exchanges and investment funds, and many other businesses increasingly holding significant parts of their assets and executing some, if not all, payment transactions on-chain.

At the same time, recent dramatic events in the crypto space have shown more vividly than ever that proper financial management is crucial for the maturation of our industry and boosting its credibility.

However, managing and monitoring funds on-chain is still far from frictionless for most businesses. The Fuse team has been working on creating opportunities for businesses to plug web3 payments and decentralized finance (DeFi) into their operations. It is, thus, logical that we would be seeking to integrate with a blockchain financial data provider like Tres.

How Fuse integrates Tres

Tres has now deployed its tech stack to the Fuse Network blockchain, and the Fuse Foundation has started using the platform for internal accounting and asset management purposes.

They also encourage project teams and businesses building on top of Fuse to consider reaching out to Tres and exploring their offering. Under the terms of the Fuse-Tres partnership, customers using Tres on Fuse will be eligible for a 20% subscription fee discount during the first year of using Tres, as well as fee-free transactions on Fuse Network if those are executed through Tres.

🔽DETAILS:

https://news.fuse.io/tres-simplifies-crypto-finance-management-on-fuse/

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Frontier is a non-custodial crypto, DeFi, and NFT wallet that boasts over 4,000 assets available for users to interact with on multiple supported chains, including both EVM and non-EVM networks.

Users can exchange, buy, and stake tokens within their Frontier wallet. In addition, the wallet offers access to DeFi with several directly integrated dApps, allowing further access to web3. Frontier also supports in-app staking on several blockchains and platforms. Frontier also gives users in-app access to cross-chain bridging and swaps through integrations with LI.FI, Rango Exchange, and DeBridge.

Frontier’s token, FRONT, is the utility token of the Frontier platform. Users depositing FRONT will be eligible for gasless transactions on the apps that are natively integrated into the wallet. FRONT will also be used to reward users depending on how much they use natively integrated apps. More details about the current and future utilities of FRONT are available here.

How Fuse Integrates Frontier Wallet

Frontier has now added support for the Fuse Network blockchain, making the opportunities available on Fuse to the users of a popular mobile wallet and giving current Fuse users a new interface to transact and interact with dApps on Fuse.

In particular, Frontier currently enables Fuse users to hold, send and receive Fuse’s native FUSE token and ERC20 tokens like USDC on Fuse. Frontier users can also connect their wallets to Fuse web dApps like Voltage Finance and Beefy Finance using the WalletConnect functionality.

Frontier’s in-app integration of Rango Exchange which has been supporting Fuse offers access to cross-chain asset transfers and swaps between Fuse Network and the chains connected to it via bridges aggregated by Rango without exiting the Frontier interface.

ABOUT Fuse Network

Fuse Network is a fast, decentralized, and low-cost alternative to existing digital payments.

Website | Twitter

ABOUT Frontier Wallet

Frontier is a Crypto & DeFi, NFT wallet where you can send, store & invest in 4,000+ crypto assets. Earn passive income on your crypto by staking or supplying assets in DeFi apps and exploring web 3.0 from a single place.

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Fuse Network

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What is DIA Multi-Randomness?

DIA Multi-Randomness, in collaboration with drand, provides smart contracts with unpredictable and unbiased random numbers, facilitating the development of Web3 use cases across multiple blockchains. As DIA Multi-Randomness live on Fuse.

Overview

Unpredictable random number generation has become an essential building block for Web3. Decentralised applications, ranging from Web3 games to NFT collections or prediction markets, rely on random numbers to operate. For instance, a random number can grant a game with a lottery mechanism to reward players fairly or provide unpredictable attributes to a collection of NFT artworks.

Introducing DIA Multi-Randomness

DIA Multi-Randomness tackles essential Web3 development needs:

• Multi-chain compatibility: DIA’s Multi-Randomness can be easily deployed in all EVM-compatible networks served by DIA including Astar, Arbitrum, Fantom and many more.
• Verifiable randomness: all random values provided by DIA are verifiable off-chain, before becoming available to consuming smart contracts and hence, the oracle is not capable of manipulating the generated result.
• Distributed and decentralised: DIA’s Multi-Randomness leverages drand, a distributed beacon generated by a network of participants named the League of Entropy — LoE.
• Power your on-chain use cases: DIA’s Multi-Randomness can support a wide range of Web3 use cases including gaming, lotteries, prediction markets, NFT launches and many more.

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About Fuse

The stack is interoperable and compatible with the EVM ecosystem. While still enabling the business needs of regular businesses wishing to utilize this disruptive technology.

Website | Twitter

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About DIA

DIA is a multi-chain, end-to-end, open-source data and oracle platform for Web3. The DIA platform enables the sourcing, validation and sharing of transparent and verified data feeds for traditional and digital financial applications. DIA’s institutional-grade data feeds cover digital asset prices, NFT floor prices, lending rates, FX rates and more.

This allows DIA feeds to be fully customised with regards to the mix of sources and methodologies. Resulting in tailor-made, high resilience feeds and thereby setting a new paradigm for oracles.

Website | Twitter

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The majority of new DeFi users struggle with the working principles of DeFi apps, and with that in mind, its approach was minimalistic, determined, and simple. Information overflow is often a reason new users find themselves in no man’s land. In the Volt app, the most important operations are simplified to a level everyone will like and understand, regardless of what their entry level is.

Non-custodial

The whole concept of crypto is based on decentralization. That means no banks, no middlemen, no custodians. Why does that matter?”, you might ask yourself. Well, as an example, banks can easily block your accounts and you won’t be able to withdraw your hard-earned money.

In DeFi, the aim of decentralization is fixed. Voltage Finance curates the idea of having complete freedom over its decisions, especially financial ones. Between the Volt app and you, there is no one. No one can interfere with your account in any way unless you give them the green light. With Volt, you’re secure.!

Fiat on-ramp

To have a seamless onboarding experience, our partners from Ramp Network have provided a simple, non-custodial fiat on-ramp solution. Also, Ramp is offering some of the lowest fees compared to any other crypto provider, to a market of over 150 countries spread across the globe.

Gasless transactions

You read that right, no gas when swapping crypto. Voltage care about its users and their experience in the crypto space. Additionally, gas is being covered by Voltage Finance liquidity pools. One step closer to frictionless DeFi.

DeFi at pocket-reach

The first version of Volt will be primarily an entry point for everyone, especially its community members. That being said, Voltage, will gradually enrich the application and add DeFi features as times go by. In addition, expect staking, farming, governance, and much more to be entailed under the Voltage ecosystem.

Furthermore, Volt will be open for beta testing, and during that event, a selected number of users will have the chance to help us out and test the app thoroughly while sharing their experiences.

For a long time, Fuse Cash has been the simplest gateway to joining the Fuse Network. As the network is expanding, so are priorities shifting. One of its priorities is to offer a seamless DeFi experience to everyone.

And how to do it if not mobile? In a fast-paced world, the trends are obviously simplicity and time management. This can be spotted easily, just think of the era of phone development. The first mobile phone went from a brick-sized alien object to a shiny, multi-color-display device packed with a powerful computer.

ABOUT Voltage Finance

Voltage was created to give anyone access to a powerful suite of DeFi tools from an all-in-one application that is also conveniently accessible on any smart device.

Website | Twitter

ABOUT Volt App

The Voltage app lets you create a contract account but no need to be a blockchain expert. Your fees cover by Voltage DAO because users on mobile don’t have to pay fees! Go explore the most frictionless experience in DeFi.

RESOURCES

Voltage Finance

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Fuse and Voltage Finance enjoys a strong relationship. Voltage Finance is the largest decentralized finance (DeFi) platform on Fuse and its mission aligns very much with Fuse’s vision of facilitating the mass adoption of decentralized finance and cryptocurrency payments.

Voltage Finance aims to empower users with a suite of tools made to connect them to all the capabilities that DeFi brings to the world. Its suite comes via a one-stop-shop application and the uniquely streamlined experience that it brings.

Setting the Stage for Success Into the Future

Following its transition to an independent DAO and successful raise early this year, Voltage Finance has had many significant and positive developments in 2022, helping to position itself to execute many near-term goals.

The platform’s native VOLT token saw its number of holders expand to over 5,200, over 1,800 of which are staking the token. Voltage also saw the launch of the Stableswap functionality enabling low-slippage inter-stablecoin swaps, and a peak daily trading volume of more than $3 million on the platform’s DEX.

On the partnerships front, Voltage Finance teamed up with several major projects so far this year. It includes Beefy Finance, Infinity Pad, Rango Exchange, and Poolz Finance, among others. It is also working on listing its token on several centralized and decentralized exchanges in the coming months.

The Volt app — a new era for the ecosystem

The Fuse Cash mobile wallet was originally developed by the Fuse team. Being an implementation of its own open-source wallet technology targeted at DeFi users. Given that Voltage is the largest DeFi platform on Fuse. The Fuse team made a decision to transfer Fuse Cash under Voltage’s aegis, and the resulting revamped product will bear the Volt app name.

Improved Staking and Governance — veVOLT

Voltage also intends to upgrade its staking platform and streamline the staking process.

Pending DAO approval, Voltage will begin issuing veVOLT tokens to stakers instead of xVOLT. This proposal intends to strengthen stakers genuinely invested in the project for the long-term and protect the community from those who aren’t. It will do this by increasing the weight of a wallet’s voice in the governance of the DAO. According to the length of time the stakers will be prepared to lock their VOLT up. The veVolt will also enable holders to vote on the distribution of farm rewards.

For full updates and progress as well as for upcoming products that Voltage Finance could bring and offer to their users, kindly visit the link here.

ABOUT Voltage Finance

Voltage was created to give anyone access to a powerful suite of DeFi tools. From an all-in-one application that is also conveniently accessible on any smart device.

Website | Twitter

ABOUT Fuse Network

A fast, decentralized, and low-cost alternative to existing digital payments. Fuse network’s native currency, FUSE, works to align the incentives of all the network users. FUSE is currently being traded publicly on decentralized exchanges such as Uniswap.

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Fuse Network

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This makes available reliable elastic Fuse nodes and a free public RPC endpoint for the Fuse community.  Application builders on Fuse can now choose from four subscription plans for launching and managing Fuse nodes for their apps.

One of the most important problems blockchain platforms must solve is to enable mass adoption. Making it easy for developers to connect to the blockchain and start building applications on top of it without having to focus on those aspects too much.

Freeing developers from focusing on nodes

Chainstack is a leading web3 infrastructure-as-a-service provider bolstering access to blockchain platforms. The enterprise-grade platform supports 18 public blockchains, which, in addition to Fuse Network. These blockchains include Ethereum, Bitcoin, BNB Chain, Polygon, Fantom, Near, and Avalanche.

The core product provided by Chainstack is highly performant enterprise-grade full nodes on the supported blockchains. Developers building blockchain apps can leverage Chainstack to deploy and manage their apps’ blockchain nodes and connect them to the apps.

Furthermore, Chainstack provides blockchain application developers with an intuitive user interface, flexible development options, and predictable pricing. Chainstack also offers them multiple hosting options, with the choice to deploy nodes across all three major cloud providers. These providers are Amazon Web Services, Microsoft Azure, and Google Cloud. With several data centers across the globe, developers can benefit from the regional location of the node to optimize the connection latency.

In addition, Chainstack’s offering relieves developers of performing cumbersome and costly tasks such as continuously monitoring and provisioning their resources, negotiating cloud resource usage rates, performing complex node and network administration, handling backup and recovery, and keeping up to date with blockchain protocol release schedules, breaking changes, patches, and hard forks.

How Fuse integrates Chainstack

The integration between Fuse and Chainstack involves two main elements. These are the publicly available free RPC endpoint infrastructure and the enterprise offers.

Fuse users and developers can now turn to Chainstack to deploy elastic Fuse nodes and a free public RPC endpoint has been made available for the Fuse community (more details available here). This adds a powerful new option for connecting to Fuse to the currently available official Fuse RPC and the Pocket Network-powered one. It is a reliable and performant endpoint provided by Chainstack that developers can opt for to test out the Fuse Network blockchain for their projects.

Application developers on Fuse looking to deploy Fuse nodes have four Chainstack subscription tiers available to them allowing them to customize the cost according to their current needs. The free Developer plan gives them fee-free access to 3 million Fuse RPC requests.

ABOUT Chainstack

Chainstack’s mission is to create the most accessible and easy-to-use platform to build, run and scale blockchain applications. They want to help accelerate the adoption of blockchain technology by enterprises and the world at large.

Website | Twitter

ABOUT Fuse Network

Fuse Network is a fast, decentralized, and low-cost alternative to existing digital payments. A leading decentralized finance (DeFi) project led by bold change-makers who truly believe that the future of money is non-custodial.

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RESOURCES

Medium

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