Fuel Network is an Ethereum Layer-2 rollup designed to improve blockchain scalability by separating the execution layer from the data availability and consensus layers. This modular approach enhances transaction throughput, lowers fees, and reduces network congestion. Originally launched as one of the first optimistic rollups on Ethereum in late 2020, Fuel Network has evolved into a high-performance framework for decentralized application (dApp) development.
Fuel Network supports a wide range of use cases, from decentralized finance (DeFi) and gaming to real-time prediction markets. By enabling faster transactions and efficient resource management, it provides a foundation for building scalable and cost-effective blockchain solutions.
Fuel Network operates using a modular architecture that separates execution from other blockchain processes. At its core is the Fuel Virtual Machine (FuelVM), which is optimized for performance and scalability. Unlike traditional blockchains that process transactions sequentially, FuelVM uses a UTXO (Unspent Transaction Output) model to enable parallel transaction execution, increasing throughput and reducing latency.
To simplify blockchain development, Fuel offers Sway, a programming language tailored for dApp creation, alongside its development toolkit, Forc (Fuel Orchestrator). These tools enhance the developer experience by streamlining the deployment of smart contracts and reducing common complexities. The network also incorporates features like fraud proofs to maintain security and trust, ensuring that transactions are validated effectively.
Fuel Network was co-founded by John Adler, a Layer-2 scaling expert, and Nick Dodson, a blockchain entrepreneur.
FUEL, the native token of the Fuel Network ecosystem, is available on various exchanges. It has a total supply of 10 billion tokens.
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4. Check out the available FUEL trading pairs on Bitget.
Fuel Network addresses blockchain scalability with innovative features like modular architecture and decentralized sequencing. While it has potential, investing in FUEL carries risks tied to market volatility. Conduct thorough research before making any investment decisions.
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