Fuel V1 is a technology that improves Ethereum's performance, known as a Layer-2 solution. Launched in 2020, it was the first of its kind on Ethereum, called an optimistic rollup.
Description
Here's how it works:
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Parallel Transaction Execution: Fuel processes multiple transactions at the same time, using more parts of a computer's processing unit. This speeds up calculations and transaction handling.
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Fuel Virtual Machine (FuelVM): FuelVM is a modified version of Ethereum's computing system (EVM), made more efficient by including improvements that couldn't be added to Ethereum due to compatibility issues.
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Sway Language and Forc Tooling: Sway is a programming language designed for FuelVM, inspired by Rust and suited for complex computing tasks. Fuel also has its own development tools to maintain a unified ecosystem.
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Fraud-Provable Design: Fuel is built to support light clients that don't require much trust, adding to its security.
In summary, Fuel V1 is a fast, secure, and scalable addition to Ethereum, making it better suited for modern blockchain applications.
Team of the Project
John Adler
Co-founder
John Adler has a background in Electrical and Computer Engineering, and was a blockchain researcher at ConsenSys where he pioneered the optimistic rollup design. He is also the co-founder and chief research officer at Celestia, a modular blockchain network enabling L2 rollups on Cosmos.
Nick Dodson
Co-founder
Nick Dodson was one of the earliest Solidity coders on Ethereum. He later joined ConsenSys where he worked on crowdfunding and governance applications before he left to co-found Fuel with Adler.