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A quick overview of Fuel's technical architecture and ecological projects in one article

王林
Release: 2024-06-07 16:57:47
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Translation: Vernacular Blockchain

Fuel Network, a UTXO-based modular execution layer, brings globally accessible scale to Ethereum. As a modular execution layer, Fuel can achieve global throughput in a way that a monolithic chain cannot, while inheriting the security of Ethereum.

So how much do you know about Fuel?

1. What is Fuel?

A quick overview of Fuels technical architecture and ecological projects in one article

Imagine trying to tie things together that don’t match or fit together? This is exactly how current blockchain systems try to improve how they work by splitting their basic design into smaller, more flexible parts. But as far as current progress is concerned, this has not achieved very good results.

A quick overview of Fuels technical architecture and ecological projects in one article

#What if a design had advanced blockchain rollup capabilities? This is exactly what Fuel has, and the following functions are implemented on Fuel:

  • Merges Bitcoin’s UTXO model and Solana’s parallel processing capabilities
  • Increases the security of Ethereum Performance
  • Uses Move's asset design
  • Includes Cosmos interoperability and virtual machine customization functions

It is still very impressive to realize all these functions People are shocked.

A quick overview of Fuels technical architecture and ecological projects in one article

Now, let’s introduce what is Rollup operating system?

Think of Ethereum as a computer, and Fuel is the software that makes it faster, including FuelVM, Sway, and the Forc toolchain.

A quick overview of Fuels technical architecture and ecological projects in one article

So what makes Fuel special?

It can run multiple Rollups simultaneously to improve performance, reduce data volume for sustainability, and enable easy communication between different blockchains.

In addition, it can be customized according to the needs of the application chain, supporting all assets and wallets, making it convenient for users to use.

A quick overview of Fuels technical architecture and ecological projects in one article

Next, let’s introduce FuelVM and Sway.

FuelVM is the engine that powers Fuel, enabling parallel transactions and unique asset features.

But what good is an engine without fuel? This is where Sway comes in - it's a language that mixes Rust and Solidity to provide better security.

Currently, Fuel also has a developer championship program, which rewards active Fuel community developers, providing various benefits, guidance, and the opportunity to influence the future direction of Fuel.

A quick overview of Fuels technical architecture and ecological projects in one article

In addition, Fuel has released the Beta-5 version, adding new features such as attribute constraints, trading strategies, wallet connectors, and developer tools.

After Beta-5, an incentivized test network will also be launched with potential airdrop revenue opportunities.

A quick overview of Fuels technical architecture and ecological projects in one article

2. Ecological development of Fuel

Above we have introduced what Fuel is, its unique architecture and how developers can participate in it. Next, we introduce some innovative projects on Fuel.

First, let’s talk about wallets and browsers. @fuel_network can manage your cryptocurrency and explore dApps on Fuel. On the other hand, @FueletWallet enables fast transactions for non-custodial accounts. You can also use Fuel Explorer to monitor your activity.

Next, we enter the world of DeFi and we have @bakosafe. The platform is unlocking the possibilities of DeFi on Fuel. Imagine seamless borrowing, borrowing and trading – all powered by the speed and security of the Fuel architecture.

A quick overview of Fuels technical architecture and ecological projects in one article

For all you NFT lovers out there, let me introduce you to @ThunderbyFuel. This NFT marketplace is changing the way we interact with digital collectibles. No more multi-step registrations, just one seamless bulk transaction.

A quick overview of Fuels technical architecture and ecological projects in one article

But Fuel isn’t just about finance and collectibles. It's also home to some quirky and addictive games like SwayFarm, grow and sell tomatoes and become the hero of this virtual farm. Who knew farming could be so much fun?

A quick overview of Fuels technical architecture and ecological projects in one article

Let’s not forget the projects that are pushing the boundaries of what’s possible with Fuel. @Artdao_xyz is creating a system for sharing culture. And @CommonGround_cg is building a Web3 replacement for Discord for the blockchain community.

There are also many projects worth mentioning, such as Frank for blockchain analysis, Guild for community management, Hyperlane for interoperability, and RedStone Oracle for custom data provision.

Overall, the Fuel ecosystem is a place full of new ideas and creativity.

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source:panewslab.com
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