Difference between revisions of "Fuel"

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(Created page with "L2 optimistic rollup ==Basics== *Based in: *Started in / Announced on: *Testnet release: *Mainnet release: [https://newsletter.banklesshq.com/p/under-the-radar-layer-2s?utm_source=substack&utm_medium=email December 2020] ==History== ==Audits & Exploits== *Bug bounty program can be found [insert here]. ===Bugs/Exploits=== ==Governance== ===Admin Keys=== * Risks are well outlined on [https://l2beat.com/projects/fuelv1/ L2beat] (4-8-2...")
 
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*Based in:
*Based in:
*Started in / Announced on:
*Started in / Announced on:
*[[Testnet]] release:
*[[Testnet]] release: V2 testnet on [https://twitter.com/camiinthisthang/status/1567933693230194689 9-9-2022]
*[[Mainnet]] release: [https://newsletter.banklesshq.com/p/under-the-radar-layer-2s?utm_source=substack&utm_medium=email December 2020]
*[[Mainnet]] release: V1 [https://newsletter.banklesshq.com/p/under-the-radar-layer-2s?utm_source=substack&utm_medium=email December 2020]
==History==
==History==
==Audits & Exploits==
==Audits & Exploits==

Revision as of 05:27, 12 September 2022

L2 optimistic rollup

Basics

History

Audits & Exploits

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

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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