Fuel (FUEL)
Basics
- Based in:
- Started in / Announced on:
- Testnet release: V2 testnet on 9-9-2022
- Mainnet release: V1 December 2020
History
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
- Risks are well outlined on L2beat (4-8-2022).
DAO
Treasury
Token
Launch
Token Allocation
Utility
Other Details
Coin Distribution
Technology
- Whitepaper or docs can be found here.
- Code can be viewed here.
Implementations
Transaction Details
How it works
"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
Team, Funding and Partners
Team
- Full team can be found [here].
Funding
Partners
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