Fusion and Gravity Partner with Focus on Interoperability
Fusion and Gravity (powered by Waves) are joining forces to create a broader interoperable solution for blockchains to seamlessly exchange value and information across silos.
As blockchain matures into adoption as a legitimate technological revolution, the risk of blockchain balkanization — i.e., the phenomenon of becoming a series of unconnected systems operating alongside, but siloed from, each other — is higher than ever. Due to commercial and compliance pressures, companies are building individual blockchains within their individual ecosystems, recreating the siloed environments that blockchain was meant to replace. As pilots are launched from walled gardens to production, a ready-to-use cross-chain, cross-data solution will be critical for a successful blockchain industry.
Complementary Pieces to Interoperability
Fusion’s DCRM tackles interoperability at the encryption level through a decentralized custodian model, utilizes cutting-edge multi-party computation (MPC) encryption algorithm to remove single points of failure around private key generation and storage. DCRM is a true interoperability solution and not a compatibility standard that leverages the full functionality and security of all the external chains connected through DCRM. Read here for more information on how Fusion’s solution compares with other approaches.
Gravity is a data protocol that is meant to connect arbitrary blockchains to the outside world and to each other. It’s a blockchain-agnostic and token-agnostic cross-chain oracles and communication protocol. Gravity doesn’t have its own native token, instead, it leverages the economies and native tokens of the blockchains Gravity connects with. By integrating with Gravity, a blockchain automatically gets access to the cumulative functionality and user base of the connected ecosystems and adds their own to the mix.
With the combination of these different and complementary approaches to interoperability, Fusion and Gravity enhance the strength of their mutual networks and provide the blockchain industry a richer portfolio of solutions, moving beyond the fragmentation of our industry. Fusion’s DCRM will operate as the secure and decentralized method to control assets across blockchains while Gravity will serve as the cross-chain data and communication protocol for these assets.
Partnership with Action
As the first step of our partnership, Gravity will run a DCRM node, joining both the DCRM Alliance to further practical use cases around decentralized custody and become a validator candidate in Anyswap, the interoperable DEX built on Fusion.
“Gravity’s team and their unique approach to token and blockchain-agnostic infrastructure resonates with Fusion’s vision to solve inter-chain DeFi,” said Dejun Qian, Founder and CEO of Fusion. “Providing our users with expansive functionality from various ecosystems, essentially creating a strong bridge and unifying portal between two interoperability-focused ecosystems, is our main goal. Partnering with Gravity allows us to address precisely those challenges in a secure and sustainable manner.”
At the same time, Fusion will run a Gravity Node. Gravity is an ecosystem that unifies and bridges integrated chains, and will allow Fusion to expand its reach. Furthermore, as the communication and data protocol across chains, Gravity and its oracles will provide a wealth of data and smart contract logic to Fusion’s dApps
“Fusion’s continued productization of their interoperability protocols through DCRM alliance and Anyswap are quickly concretizing theory into a battle-tested solution for the industry. Together our teams are collaborating in our passions for interoperability and a unique approach to pivotal challenges. Paired with the rise in utilization through mass adoption Dapp WeDeFi, Fusion is a perfect partner to grow our interoperability solutions.”, said Sasha Ivanov, founder of Waves Association.
Future steps include token bridges between Fusion and Gravity, cross-chain smart contract interaction, and realizing benefits on each project’s Dapps, such as providing 10% return on $Waves to users of WeDeFi, the mass adoption wallet built on Fusion.
If you want to learn more about or build with Fusion’s interoperable decentralized custody solution, DCRM, visit our GitHub here.
Fusion Foundation is a non-profit organization building the next-generation infrastructure for decentralized global finance. With Fusion network， the world will enjoy financial transactions that are more accessible, efficient and transparent than previously possible. Fusion’s seasoned team of industry veterans led by Founder and CEO DJ Qian), is working to collaborate with financial institutions, cryptocurrency companies, businesses, peer-to-peer lenders, third-party app developers, academia, and the broader blockchain community. Its technologies are used behind the crypto mass adoption Dapp WeDeFi (www.wedefi.com) and decentralized interoperable exchange Anyswap (https://anyswap.exchange/swap).
Gravity is a decentralized cross-chain and oracle network based on the truly blockchain-agnostic protocol for communication between blockchains and with the outside world, working with the native token economies
Gravity provides multi-purpose cross-chain interaction, but without introducing a new Gravity token. The true blockchain agnostic no-token approach creates a more inclusive, open ecosystem, while addressing future economical scaling/stability issues.