1inch Network launches Fusion Mode

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Today we wanted to bring you the lasted news coming out of the 1inch Network.

On December 24, the 1inch Network announced their launch of Fusion, to be more exact, the launch of 1inch’s Fusion mode.
For those of you who are new to the crypto space, 1inch is a decentralized finance cryptocurrency exchange. Decentralized Finance or DeFi uses emerging technology to remove third parties and centralized institutions from financial transactions. The “De” stands for “Decentralized” and “Fi” stands for “Finance”, put together, you get “DeFi” or “Decentralized Finance”. Decentralized means without having a need for intermediary central bodies such as brokerages, banks, or exchanges. DeFi utilizes smart contracts on blockchains instead of traditional financial instruments offered by central bodies. In essence, power to the people, or financial power to the people.

Decentralized exchanges or DEXs allow users to swap one currency for another, such as The United States dollar for Bitcoin or Ethereum for United States Dollar Tether. DEXs are a popular sort of exchange that links users directly, so they can trade cryptocurrencies without entrusting their funds to an intermediary agent (like Wells Fargo or Bank of America).

1inch is a Decentralized Exchange that specializes in trading assets and currencies featured on the Ethereum Blockchain. 1inch was developed by cryptocurrency enthusiasts, Ethereum miners, YouTube content creator, blockchain security auditors, and coders Sergej Kunz and Anton Bukov. The 1inch exchange solves a real-world problem and has quickly become one of Ethereum’s most popular protocols. 1inch is currently the 4th most popular Ethereum exchange as measured by trading volume.