Difference between revisions of "Fuel"

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===Funding===
===Funding===


* Sold [https://docs.google.com/spreadsheets/d/1xoYqw-5EjQIiunX75UzozzMPOspm0KwFzgA-SKBcvyo/edit#gid=0 $15M worth of tokens] to FTX, this before Fuel even has announced a token (8-12-2022).
* [[Eric Wall]] [https://ericwall.ninja/disclosures/ disclosed] himself as an angel investor and/or supporter (24-1-2023).
*Sold [https://docs.google.com/spreadsheets/d/1xoYqw-5EjQIiunX75UzozzMPOspm0KwFzgA-SKBcvyo/edit#gid=0 $15M worth of tokens] to FTX, this before Fuel even has announced a token (8-12-2022).


===Partners===
===Partners===

Revision as of 03:37, 2 February 2023

L2 optimistic rollup

Basics

History

Audits & Exploits

"Funds can be stolen if

  1. there is no one that checks the published state. Fraud proofs assume at least one honest and able validator.

Users can be censored if

  1. the operator refuses to include their transactions and users lack resources to propose blocks themselves.

MEV can be extracted if

  1. the operator exploits their centralized position and frontruns user transactions."

Bugs/Exploits

Governance

Admin Keys

"The system has a centralized sequencer. While proposing blocks is open to anyone the system employs a privileged sequencer that has priority for submitting transaction batches and ordering transactions. Because the block production is open to anyone if users experience censorship from the operator they can propose their own blocks which would include their transactions."

DAO

Treasury

Token

Launch

Token Allocation

Utility

Other Details

Coin Distribution

Technology

Implementations

Transaction Details

How it works

"Fraud proofs ensure state correctness. After some period of time, the published state root is assumed to be correct. For a certain time period, usually one week anyone can submit a fraud proof that shows that the state was incorrect. All the data that is used to construct the system state is published on chain in the form of cheap calldata. This ensures that it will always be available when needed."


"Fuel is unique in that it uses its own custom virtual machine —  the Fuel VM — with smart contracts written in Sway. This means that unlike most L2s, Fuel is not EVM-compatible. Fuel also differentiates itself through the use of a UTXO model — the same as Bitcoin — instead of the traditional accounts based model utilized by Ethereum and L2s. These unique design choices have allowed Fuel to be highly performant, as the network is capable of validating multiple transactions in parallel, rather than serially (one at a time)."

Fees

"Transactors can pay gas fees in any token — rather than just ETH. Though like any L2, the network must still purchase Ethereum blockspace to verify proofs."

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

"Rather than a 7-day withdrawal time like traditional optimistic rollups, users on Fuel can bridge back to Ethereum mainnet in minutes using atomic swaps."

Other Details

Oracle Method

Their Other Projects

"The Fuel Labs team recently launched SwaySwap, a decentralized exchange, on devnet. Uniquely, assets on SwaySwap are entirely native to Fuel, meaning they inherit the same functionality as native assets like ETH on Ethereum."

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

"Fuel is unique in that it uses its own custom virtual machine —  the Fuel VM — with smart contracts written in Sway. This means that unlike most L2s, Fuel is not EVM-compatible, a factor that may hinder its adoption. Fuel also differentiates itself through the use of a UTXO model — the same as Bitcoin — instead of the traditional accounts based model utilized by Ethereum and L2s. These unique design choices have allowed Fuel to be highly performant, as the network is capable of validating multiple transactions in parallel, rather than serially (one at a time).

Fuel also boasts improved user experience relative to other L2s. Rather than a 7-day withdrawal time like traditional optimistic rollups, users on Fuel can bridge back to Ethereum mainnet in minutes using atomic swaps. Furthemore, transactors can pay gas fees in any token — rather than just ETH. Though like any L2, the network must still purchase Ethereum blockspace to verify proofs. While their lack of EVM-compatibility may set it on a slower growth trajectory, Fuel’s functionality and throughput relative to other ORUs should help it attract developers and expand usage over the long-run."

Pros and Cons

Pros

Cons

"The system has a centralized sequencer."

Team, Funding and Partners

Team

  • Full team can be found [here].

Funding

Partners

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