FUSHUMA’s Blueprint
Philosophy of DECENTRALIZATION
A DECENTRALIZED FUTURE FOR ALL
Modern blockchain development is increasingly focused on speed and security while downplaying decentralization. For instance, BNB Chain’s centralization and Ethereum’s staking pools are prime examples. Both are emblematic of this shift away from Satoshi’s core tenet of decentralization. This shift poses significant risks to decentralized blockchain ecosystems and threatens the core principles of decentralization.
Decentralized Blockchain Ecosystems At Risk
This deviation from crypto’s original ethos poses vast risks for the entire crypto ecosystem. Consequently, it threatens mass adoption. Centralized control introduces the opportunity for malevolent actors to erase transparency and create opaque blockchains. This allows for unseen manipulations and biases in rules and decision-making.
If those concerns remain or become real problems reported by the media, mass adoption will fail. Consumers and businesses will rightly worry that their finances are at risk. Thus, they will simply avoid blockchain services altogether.
Fushuma’s Strategy For A Decentralized Network
Addressing this concern, we have positioned Fushuma as a decentralized alternative in a world of increasingly centralized blockchains. Our approach pursues true decentralization, focusing on security, innovation, and community engagement through a Proof-of-Stake (PoS) system.
One challenge prevalent in many new PoS projects is the risk of centralization. A concentration of wealth leads to an imbalance in participation. In other words, those who own a significant amount of a PoS coin will get more of it. Everyone else will miss out, interfering with the network’s decentralization.
Equitable Distribution in a Decentralized Blockchain
To address this, Fushuma draws inspiration from Satoshi Nakamoto’s original vision and advocates for a fairer distribution model. Fushuma recognizes the merits of Proof of Work (PoW) in promoting initial decentralization. Consequently it allocates 24% of its native token, $FUMA, to the Callisto Network community, from wich Fushuma originates.
The Callisto Network coin was initially airdropped to the Ethereum Classic community, thereby establishing a broader user base rooted in decentralized origins.
Fushuma allocates an additional 6% of $FUMA tokens to the broader crypto community through an Airdrop. This ensures a diverse and inclusive user base from its inception. This approach means Fushuma will be decentralized from its birth. From the beginning, one-third of the total circulation supply will be distributed to a large user base. The network is controlled by a broad community rather than concentrating power in the hands of a few.
Commitment To A Decentralized Blockchain
Today, we continue to hold true to Satoshi’s vision, even though much of the rest of the crypto world migrates away from decentralization.
Our Philosophy of Decentralization blueprint lays out the need for a genuinely decentralized platform in the current environment. We’ve built this blueprint around seven axes. These axes aims to foresee the cryptosphere recommitting itself to the core values that made blockchain technology revolutionary.
Seven Axes for a Decentralized Blockchain
I. Adherence to DECENTRALIZED Networks Core Values
The shift from decentralization to centralization is fundamentally at odds with crypto’s foundational principles. Centralized control can lead to a lack of transparency, increased manipulations, and potential biases in decision-making. Fushuma maintains a commitment to decentralization, unlike too many other platforms today.
II. Integrity, Fairness, and Innovation
The concentration of staking power promotes centralized control. This leads to unequal influence and decision-making power, thereby challenging the democratic ethos of blockchain technology. Fushuma actively works to lower barriers to entry and ensures a stake-weighted mechanism, reflecting our commitment to true decentralization.
III. Community Empowerment
Fushuma will be decentralized by relying on an organic approach. Distributing 24% of FUMA coins in a migration process to the Callisto Network community and another 6% to the wider crypto community will allow Fushuma to grow through the support of its community. At launch, the Fushuma Treasury will hold 40% of the FUMA coins supply to fund community proposals. With the roll-out of the Fushuma DAO, the community will gain complete control over the Treasury.
IV. A Firm Commitment to Security
While scalability and speed are the end goals of many blockchains these days, decentralization should take precedence. If crypto is to maintain its primary purpose of democratizing money and providing humanity with safety and security away from government intervention. Fushuma is leveraging its experience to drive blockchain adoption through security with advanced technologies and token standards that enhance safety and usability.
V. Scalability In DeCENTRALIZED NETWORKS
Fushuma recognizes that crypto’s primary use cases will require scalable solutions. However, the industry must remain committed to decentralization and security. The Fushuma Research Department is built on a fundamental commitment to decentralization, with security as its primary goal. We are adopting an innovative Proof of Stake protocol that embodies genuine decentralization, inclusive participation, and a transparent treasury.
VI. Building a Self-Sustaining Decentralized Blockchain Ecosystem
Fushuma is set to launch with a definitive token supply of 21 billion $FUMA. No additional tokens will be created, reinforcing our ecosystem’s stability and predictability. Through transparent tokenomics, we are dedicated to preserving decentralization and supporting strategic projects. This includes infrastructure development, collaboration initiatives, and a unique funding model to drive innovation and community empowerment.
VII. A CALL FOR DECENTRALIZATION IN THE BLOCKCHAIN COMMUNITY
In a time marked by significant global shifts in wealth distribution and economic paradigms, Fushuma aligns its decentralized model with emerging societal needs. By addressing inflation concerns and fostering strong communities, Fushuma manifests a vision for a more inclusive future.