# Fuse Network, everything you need to know!

By [nodmme](https://paragraph.com/@nodmme) · 2022-03-11

---

![](https://storage.googleapis.com/papyrus_images/3e9e3b964ec63414fb700a67aa504dbb7a704a75aa20620098d592d7e7e28be4.jpg)

With the first „**_real boom_**“ in the cryptocurrency world, people are starting to notice how different **_decentralized_** technologies can **_revolutionize_** the payment and the bank system. That's where the **_Fuse team_** wants to be in 2022, at the forefront of innovation, especially for mobile use.

We still live in a world where the **_financial system fails in providing global access_**, especially in developing countries. _Mass adoption_ is not there yet and a very large number of current solutions have complicated UIs with poor overall UX for the average, non-developer, user.

**Fuse Network** is a **decentralized blockchain-powered platform** that will provide solutions to the problems we are currently facing by introducing _mobile-first tools for creating and managing token-powered environments._

The team behind was previously involved in building the [Colu project](https://colu.com/) whose goal was bringing local currencies to the blockchain.

### In 2021 they had several key performance indicators hit:

*   23 million **network transactions**
    
*   more than **68 million $FUSE staked** (50% participation) from more than 2000 individual delegators
    
*   surpassed a **200$ million market cap**
    
*   **$20 million in TVL**
    

Last week, [Voltage.finance](https://app.voltage.finance/#/bridge) was launched which will provide a vibrant ecosystem for all things in DeFi.

![](https://storage.googleapis.com/papyrus_images/afa2e52ef6a88d9453355748f341996a670c2fec7ba7b636d22158f27724ef03.png)

Now that we have general information about the project, let's deep dive into what **Fuse Network** is all about.

### Fuse as a platform consists of several components:

• The **_Fuse Network blockchain_**

• The **_mobile-centric open-source technology stack_**

• A set of reference **_DeFi products and tools_**

### THE FUSE NETWORK BLOCKCHAIN

It is a **decentralized EVM-compatible public blockchain** that powers the Fuse Platform and the entire ecosystem and runs on several variants of [delegated Proof-of-Stake](https://www.gemini.com/cryptopedia/search?query=Delegated%20Proof%20of%20Stake%20\(DPoS\)) consensus.

![](https://storage.googleapis.com/papyrus_images/bf8ea3812e28bd434b847e9314783a847778b1058d7060eb61ab804bdb918240.png)

There currently are **54 validators** (of 100 max.) that **_provide security_** to the ecosystem only one of which is run by the core team and also have an **_important role in governance_** on Fuse by adopting the network protocol changes ([Fuse Improvement Proposals](https://docs.fuse.io/general/fips)).

**Fast block confirmations** and **low-cost transactions** are must-have features to ensure scalability and adoption. In the present capacity, Fuse can process around **180 transactions per second** (120 native tokens and 60 ERC20) and the **average time** to confirm a block on Fuse is around **5 seconds** with **minimal costs** of **$0.01**.

As we are speaking about **scalability**, that's a challenge the network will face but the team is already researching how to boost the scalability without significantly sacrificing **decentralization** and **security**.

The most likely method used will be the implementation of **Flutter Layer 2 Payments** ([FL2P](https://docs.fuse.io/general/fuse-network-blockchain/scaling-l2-payments)) which relies on [_zero-knowledge rollup technology_](https://www.gemini.com/cryptopedia/search?query=Zero-Knowledge%20Rollup%20\(zk-Rollup\)).

**FL2P** is also an **SDK** ([Software Development Kit](https://www.gemini.com/cryptopedia/search?query=Software%20Development%20Kit%20\(SDK\))) that will enable developers to deploy zk-rollups directly on Fuses' mobile crypto wallet software.

The Fuse Network **aims to be connected to as many major blockchains platforms** as possible and currently supports a variety of ERC20 tokens (including wrapped versions) on the **Ethereum chain** and **Binance Smart Chain**.

Connection is made by **two-way custodial** bridges (FuseFi, Elk Finance, Connext, Multichain etc.) accessible via the native DEX [FuseSwap](https://app.voltage.finance/index.html#/home).

A **key feature** is that users when transacting with Fuse, **receive the same version of the relevant token** which reduces friction for the users sending tokens to Fuse Network.

### Okay, now the tokenomics.

![](https://storage.googleapis.com/papyrus_images/82b25e769fac822b056e710072dde7e037edd171fbea1b79d316cca9fd875eb7.png)

The native token of the network is the **$FUSE token** that has several use cases:

*   **paying for fees on the network**
    
*   **staking to become a validator (100k tokens)**
    
*   **voting (for validators)**
    
*   **staking (for delegators) to earn a share of the blocks (any amount)**
    
*   **payments on the network**
    

As the rewards for the validators come from the newly minted $FUSE tokens, Fuse has a **mildly inflationary model** with current **inflation of 5% yearly**. FIPs are aimed at **reducing inflation to 2%** after the third year of the network's existence and a **fixed amount of tokens** in the subsequent years.

Since the launch in 2019, **the** **network accomplished several integrations and partnerships** with well-known projects including:

*   **RAMP NETWORK**
    
    *   leading global provider of fiat on-off solutions
        
    *   the partnership enables fast and convenient on-ramps from bank accounts to accounts on Fuse by purchasing Fuse-native stablecoins- fUSD
        
*   **CHAINLINK**
    
    *   leading oracle in the crypto space
        
    *   used to enhance the full-backing of the fUSD with USDC
        

![](https://storage.googleapis.com/papyrus_images/e82c8d5245d61ce156c526449f654b57f93175efa23e79d8281d9b30ffdc4396.png)

*   **UNSTOPPABLE DOMAINS**
    
    *   enables the use of human-readable names to classic blockchain addresses
        
    *   the Fuse website has a hosted version on IPFS
        
*   **BEEFY FINANCE**
    
    *   multichain yield optimizer with auto compounding for helping users get the most from DeFi passive income streams
        
*   **FUSE CASH**
    
    *   consumer-focused implementation of the Fuse Wallet technology
        

![](https://storage.googleapis.com/papyrus_images/4155e796d550758e2277d9c59d5bc754cf70b29af98f9d82446ef28ae79338f1.jpg)

*   **FUSE WALLET**
    
    *   available for Android and iOS
        
*   **and a lot more, which can be seen on the following** [**link**](https://docs.fuse.io/general/fuse-token/exchanges-wallets-on-ramps-and-defi-tools-supporting-fuse)**.**
    

### Plans for the future

*   **add interoperability** with all L1's and L2's
    
*   **FuseX** stablecoin
    
    *   V2 version of fUSD
        
*   **decentralized app store revamp** with a focus on user-friendly UI
    
*   **adding** more useful **tools and services**
    
*   **creating a DAO** and **treasury management**
    
*   **eCommerce** and **NFT** **support**
    
*   **zk-rollup** scaling solution **integration**
    
*   adding **more features to mobile wallets** like social recovery, NFT support, L2, scaling etc.
    

To keep up with all the news and important things happening in the Fuse ecosystem, I suggest you follow their social media:

[https://medium.com/fusenet](https://medium.com/fusenet)

[https://discord.com/invite/jpPMeSZ](https://discord.com/invite/jpPMeSZ)

[https://github.com/fuseio](https://github.com/fuseio)

[https://twitter.com/fuse\_network](https://twitter.com/fuse_network)

---

*Originally published on [nodmme](https://paragraph.com/@nodmme/fuse-network-everything-you-need-to-know)*