To begin with, as always, it is worth telling what fuel labs are, the answer is found on the main page of the site, So,Fuel is the fastest execution layer for the modular blockchain stack that delivers maximum security and the highest flexible throughput for decentralized applications.
As the team on this project argues, the future is in modular architecture, where execution is separated from data availability and consensus (such as tomorrow’s Eth2 or Celestia). This separation allows for specialization of the base layer, providing a significant increase in throughput, I began to notice that the projects I was considering increasingly overlapped with each other, which tells me I’m making the right choice!
What is the peculiarity of this project? Let’s find out!
Parallel transaction executionFuel delivers unmatched processing capacity through its ability to execute transactions in parallel by using strict state access lists in the form of a UTXO model. This enables Fuel to use far more threads and cores of your CPU that are typically idle in single-threaded blockchains. As a result, Fuel can deliver far more compute, state accesses, and transactional throughput than its single-threaded counterparts.What does this mean? As I understand it, more computer resources are used to process transactions, which increases the processing speed2.
Fuel Virtual Machine (FuelVM)Designed to reduce wasteful processing of traditional blockchain virtual machine architectures, while vastly increasing the potential design space for developers. The design learns from the mistakes of the past and insights from years of production blockchains.That is, this project uses a virtual machine in order to increase the space for developers to work, which will allow the blockchain to constantly evolve, which in my opinion is quite good!
Sway LanguageFuel provides a powerful and sleek developer experience with our own domain-specific language, called Sway, and a supportive toolchain, called Forc. Our development environment retains the benefits of smart contract languages like Solidity, while adopting the paradigms introduced in the Rust tooling ecosystem.Fuel uses a new programming language called Sway, heard about it before, it is based on the Move language that Aptos is built on, and adapted to the target tasks, is this good? perhaps it is a specialized language used specifically for blockchain creation, but at the same time, it limits the number of developers who can be involved, because not everyone has time to switch to it, but in general I think this is more plus than minus!
Monolithic BlockchainsMonolithic layer-1s don’t separate execution from consensus, settlement and data layers, constraining the total bandwidth available.I can’t tell you for sure if this is true or not, but let’s look at other Fuel labs arguments
Modular Execution LayersModular Execution Layers are designed for high-bandwidth modular blockchains and can better capitalize on high shared data availability.Modular Execution Layers, sounds good, that is, this product is focused on new solutions that focus on scaling and increasing throughput and its mechanism helps to further increase their efficiency, I have a question, this product is designed for blockchain layer 1 or 2? with this I have yet to figure out
Now look at the investment of the project, below you can see the funds that considered the project worthwhile, many of them have a significant position.
In the following table you can see what projects Fuel labs works with:
On November 4, in Lisbon, there was a large gathering of projects where Fuel organized a contest for hackers to improve the project, I like these solutions, using people from outside is always useful, helps to identify the shortcomings of the project + shows its openness, which disposes to itself!
My conclusion and forecast, it looks pretty good, tools to improve something will always be in demand, I like the idea, but need to look in the long term future, whether it will be relevant, and also I would like to see the project litepaper, as well as tokenomics, but so give the project likes, will follow and participate in the life of the project.
GitHub: https://github.com/fuellabsTwitter: https://twitter.com/fuellabs_Blog: https://fuel.network/blog