Fuel｜A Rollup that Solves Ethereum's Scalability Problem
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In Progress
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Fuel｜A Rollup that Solves Ethereum's Scalability Problem
Project Details
Fuel is a Layer 2 solution designed to address the scalability issues of blockchain technology. It is particularly focused on providing a fast and modular execution layer for transactions.
Why is Fuel Necessary?
While Ethereum enjoys high popularity, it faces challenges such as limited transaction processing capacity and surging gas fees. To address these issues, various Layer 2 solutions have been proposed, but Fuel possesses unique characteristics that set it apart from conventional solutions. Fuel is specifically designed for Ethereum rollups, essentially acting as an "operating system for rollups". Existing L2 solutions, designed based on general-purpose computing environments, were not fully capable of meeting the specific requirements of rollups.
Features of Fuel
- ・High Performance: Parallel processing enables high-speed processing of a large number of transactions.
- ・Scalability: State minimization reduces network load and improves scalability.
- ・Interoperability: Enhances interoperability with other blockchains, building a broader ecosystem.
- ・Customizability: Offers advanced customization to accommodate various use cases.
- ・Security: Inherits Ethereum's security model, ensuring high security.
Fuel's Technology
Fuel achieves these features through the following technologies:
- ・FuelVM: The core virtual machine of Fuel. It handles Fuel's primary functions such as parallel processing and state minimization.
- ・Sway: A programming language specifically designed for blockchain development. It inherits the safety of Rust while allowing intuitive descriptions like Solidity.
- ・Forc: A toolchain that supports Fuel development. It simplifies the compilation and deployment of smart contracts.
Fuel's Vision
Fuel aims to solve Ethereum's scaling problems and unlock new possibilities. Diverse applications built on Fuel are expected to contribute to the realization of a more decentralized and efficient Web3.0 society.
Funding Information
Fuel has raised a total of $81.5 million from investors like BLOCKCHAIN CAPITAL and STRATOS.
Airdrop Information
Fuel has launched a new points program.
In this program, you can earn Fuel points by depositing crypto assets such as ETH, WETH, eETH, rsETH, rETH, wbeETH, USDT, USDC, USDe, sUSDe, ezETH, and stETH. These points may be exchanged for tokens in the future.
Key Features of the Points Program
- ・Eligible Assets: Supports a variety of Ethereum-based assets.
- ・Point Acquisition: Points are awarded based on the deposited assets.
- ・Future Tokenization: Points may be exchanged for tokens.
※Please note that while you can withdraw your deposited Ethereum at any time, doing so will forfeit all accumulated points.
Airdrop Guide
Summary of Steps
- 1. Go to the website
- 2. Connect your Ethereum wallet
- 3. Choose the currency to deposit
- 4. Decide on the amount and deposit
Detailed Steps with Images
- 1.
Go to the website
- 2.
Connect your Ethereum wallet
- 3.
Choose the currency to deposit
- 4.
Decide on the amount and deposit
Disclaimer
- ・This article is created for informational purposes only and should not be used to solicit the sale, purchase, or underwriting of cryptocurrencies, securities, or other financial products, nor should it be considered an invitation to engage in such transactions, or constitute financial or investment advice.
- ・The information and opinions in this article are obtained from sources that we believe to be reliable, but we do not guarantee their accuracy, completeness, suitability, timeliness, or truthfulness.
- ・We, the authors, and all related parties are not responsible for any damage or loss caused by or related to the information published in this article. Cryptocurrencies involve hacking and other risks, so please conduct thorough research before using them.
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