Fuel LabsIntroducing Fuel Season 1 (FS-1) and Phase 2 Genesis Drop
Today marks the conclusion of Phase 2 and with it the Fuel Points Program. We want to thank all participants who helped bootstrap Ignition, and now turn our focus to building Fuel into a fully integrated liquidity hub. As we mark the end of the Fuel Points program, we are excited to unveil two initiatives: Phase 2 of the Genesis Drop and the start of Fuel Season 1 (FS-1).Genesis Drop: Phase 2 - 150,000,000 FUEL1.5% of FUEL total supply.Rewards for participation in Phase 2 of the Points Progra...
Fuel LabsAnnouncing Phase 2 of the Fuel Points Program
We are excited to announce the final phase in the Fuel Points Program, now live with Fuel Ignition. With Phase 2, you can continue earning points while supporting the growth of the Fuel ecosystem. With Phase 2 of Fuel Points, we’re ensuring that the network grows in a way that is positive sum for points program participants, the Fuel ecosystem projects and the broader Fuel community. Qualifying users can participate in the program, while earning rewards for meaningfully engaging with the ecos...
Fuel LabsSway: The Next-Generation Language for Smart Contracts
As blockchain applications become more complex, there is a strong need for safe and smart contract languages. Many platforms today rely on languages and virtual machines (VMs) that weren't originally designed to handle the unique constraints and requirements of blockchain execution. It’s no secret that the architectural decisions made in 2014 for Solidity and the EVM now show clear signs of age. Among these is their susceptibility to vulnerabilities that make writing secure Ethereum smar...
Fuel Ignition is a high-performance Ethereum L2.
Fuel LabsIntroducing Fuel Season 1 (FS-1) and Phase 2 Genesis Drop
Today marks the conclusion of Phase 2 and with it the Fuel Points Program. We want to thank all participants who helped bootstrap Ignition, and now turn our focus to building Fuel into a fully integrated liquidity hub. As we mark the end of the Fuel Points program, we are excited to unveil two initiatives: Phase 2 of the Genesis Drop and the start of Fuel Season 1 (FS-1).Genesis Drop: Phase 2 - 150,000,000 FUEL1.5% of FUEL total supply.Rewards for participation in Phase 2 of the Points Progra...
Fuel LabsAnnouncing Phase 2 of the Fuel Points Program
We are excited to announce the final phase in the Fuel Points Program, now live with Fuel Ignition. With Phase 2, you can continue earning points while supporting the growth of the Fuel ecosystem. With Phase 2 of Fuel Points, we’re ensuring that the network grows in a way that is positive sum for points program participants, the Fuel ecosystem projects and the broader Fuel community. Qualifying users can participate in the program, while earning rewards for meaningfully engaging with the ecos...
Fuel LabsSway: The Next-Generation Language for Smart Contracts
As blockchain applications become more complex, there is a strong need for safe and smart contract languages. Many platforms today rely on languages and virtual machines (VMs) that weren't originally designed to handle the unique constraints and requirements of blockchain execution. It’s no secret that the architectural decisions made in 2014 for Solidity and the EVM now show clear signs of age. Among these is their susceptibility to vulnerabilities that make writing secure Ethereum smar...
Fuel Ignition is a high-performance Ethereum L2.
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As the Ethereum Layer-2 (“L2”) space continues to grow, we will see a reexamining of what each layer’s purpose might mean. Ethereum has been largely inaccessible to the masses for some time due to, among other reasons, high transaction fees.
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Nov 9, 2020 • 3 min read
Who’s sticking around Layer-1?
As the Ethereum Layer-2 (“L2”) space continues to grow, we will see a reexamining of what each layer’s purpose might mean. Ethereum has been largely inaccessible to the masses for some time due to, among other reasons, high transaction fees. As L2s begin to alleviate this pain, many are beginning to ask what will the future hold for L1 Ethereum? What purpose will it serve?
As cheaper L2 scaling solutions come online in the coming months, projects will have to make decisions about accessibility and scale. We propose a new use for L1, as we begin a slow migration to other execution environments in the second layer. Once L2s become commonplace, L1 will be primarily used for (1) base issuance and settlement, (2) L2 creation, enabling censorship resistance and enforcement.
Ethereum will become a home for rollups but also asset issuance.
We see L1 as being a place for base issuance and settlement of protocol assets. While L2 developers you will want maximal ability to advantage potentially many L2s as they grow and change while having your base assets unaffected. We recommend Ethereum L1 as a place for this activity.
Initial issuance of the core assets and contracts can be deployed to L1. Then either dispersal, analogous contracts or related systems can be deployed to a given L2.
In this setting, your protocol can always function, even when many layer-2s are coming online, upgrading, or being phased out (as this will happen often).
Always have deployment of your protocol and core assets on layer-1
Use layer-2 to scale, increase access to your services and systems
Have liquidity providers at the ready for exits, entries, and upgrades
Optimistic rollups require a finalization period (usually 1 to 2 weeks).
Ethereum L1 will continue to act as a valuable data availability and enforcement layer for rollups. We hope to see many new EIPs passed which can favor further rollup expansion and development in the coming quarters. L1 will continue to be more expensive to settle transactions on, and will be a place generally abstracted out from user experience altogether.
Layer-1 may also be a place for censorship resistance, to ensure all our layer-2s have the essential property of not being able to censor a specific user for any reason. Something we need more than ever in our technical age.
The future remains bright for public blockchains, scalability, and the plethora of options Ethereum developers will have access to. We hope with this great power, developers can reach the mass adoption we have all talked about for so long but have yet to achieve.
The Fuel v1.5 overview.
Fuel is an optimistic rollup solution currently focused on high efficiency transfer and exchange of Ethereum digital assets, with full Ethereum-style smart contract support planned for late 2021.
**Fuel Links:**Website fuel.shGithub: github.com/fuellabsTwitter @FuelLabs_
Written by: Nick Dodson, Fuel Labs Founder/CEO. @IAmNickDodson
Announcing the Fuel v0 Open Beta
Fuel: Scaling Token Payments 10x Today, 50x in the Near Future
As the Ethereum Layer-2 (“L2”) space continues to grow, we will see a reexamining of what each layer’s purpose might mean. Ethereum has been largely inaccessible to the masses for some time due to, among other reasons, high transaction fees.
*
Nov 9, 2020 • 3 min read
Who’s sticking around Layer-1?
As the Ethereum Layer-2 (“L2”) space continues to grow, we will see a reexamining of what each layer’s purpose might mean. Ethereum has been largely inaccessible to the masses for some time due to, among other reasons, high transaction fees. As L2s begin to alleviate this pain, many are beginning to ask what will the future hold for L1 Ethereum? What purpose will it serve?
As cheaper L2 scaling solutions come online in the coming months, projects will have to make decisions about accessibility and scale. We propose a new use for L1, as we begin a slow migration to other execution environments in the second layer. Once L2s become commonplace, L1 will be primarily used for (1) base issuance and settlement, (2) L2 creation, enabling censorship resistance and enforcement.
Ethereum will become a home for rollups but also asset issuance.
We see L1 as being a place for base issuance and settlement of protocol assets. While L2 developers you will want maximal ability to advantage potentially many L2s as they grow and change while having your base assets unaffected. We recommend Ethereum L1 as a place for this activity.
Initial issuance of the core assets and contracts can be deployed to L1. Then either dispersal, analogous contracts or related systems can be deployed to a given L2.
In this setting, your protocol can always function, even when many layer-2s are coming online, upgrading, or being phased out (as this will happen often).
Always have deployment of your protocol and core assets on layer-1
Use layer-2 to scale, increase access to your services and systems
Have liquidity providers at the ready for exits, entries, and upgrades
Optimistic rollups require a finalization period (usually 1 to 2 weeks).
Ethereum L1 will continue to act as a valuable data availability and enforcement layer for rollups. We hope to see many new EIPs passed which can favor further rollup expansion and development in the coming quarters. L1 will continue to be more expensive to settle transactions on, and will be a place generally abstracted out from user experience altogether.
Layer-1 may also be a place for censorship resistance, to ensure all our layer-2s have the essential property of not being able to censor a specific user for any reason. Something we need more than ever in our technical age.
The future remains bright for public blockchains, scalability, and the plethora of options Ethereum developers will have access to. We hope with this great power, developers can reach the mass adoption we have all talked about for so long but have yet to achieve.
The Fuel v1.5 overview.
Fuel is an optimistic rollup solution currently focused on high efficiency transfer and exchange of Ethereum digital assets, with full Ethereum-style smart contract support planned for late 2021.
**Fuel Links:**Website fuel.shGithub: github.com/fuellabsTwitter @FuelLabs_
Written by: Nick Dodson, Fuel Labs Founder/CEO. @IAmNickDodson
Announcing the Fuel v0 Open Beta
Fuel: Scaling Token Payments 10x Today, 50x in the Near Future
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