Highlights

Fuel Network is a Modular Execution Layer for Ethereum

⭕️ Fuel v1 started out as a scaling solution for Ethereum using the Optimistic Rollup (ORU) model for payment purposes. Fuel v1 works on the UTXO model that allows for faster transaction processing since transactions are validated in parallel on the user’s hardware.

With a new vision, ⚡️ Fuel Network is designed to be a Modular Execution Layer for Ethereum, data availability and consensus will be guaranteed by Ethereum Mainnet (data availability & consensus)

⏺ While Layer 2 has ushered in a reduced cost of accessing the Ethereum ecosystem, the scalability is rather modest (with both Optimistic Rollup & Zk Rollup). And in a time of high traffic on Ethereum, L2 has failed to keep costs low, often rising to several dollars per transaction.

⏺ This is because each rollup block eventually has to post data to Ethereum, which ties the fees of the L2 platforms to the Ethereum fees (Zk Rollup is more cost efficient because they only post Proof), so each Rollup platform can only expand Ethereum by a certain rate.

⏺ Fuel network proposes a different approach towards modularity, where the Executive Layer is separated from data availability and consensus (Data Availability & Consensus). This separation allows for specialization at the base layer, offering greater scalability potential.

The executive layer provided by the Fuel network provides not only simple transfer functions, but also general Purpose smart contracts.

👉 To deliver on this vision, the ⚡️ Fuel Network offers a trio of unique features 🔽

💎Parallel transaction execution: Instead of using an Account model like Ethereum, the Fuel network is based on UTXO which allows for faster transaction processing since transactions are validated in parallel on the user’s hardware.

💎 Fuel network Virtual Machine (FuelVM): ⚡️ Fuel NetworkVM is designed to reduce the wasteful processing of traditional blockchain virtual machine architectures, while significantly increasing the potential design space for developers. Now with ⚡️ Fuel NetworkVM, developers can go beyond what they could achieve with EVM.

💎 Sway language & Toolchain Force: ⚡️ Fuel Network has its own development language Sway, it is a language based on RUST, Force (Fuel network Orchestrator) is a toolkit to support developers in ⚡️ Fuel Network.

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