Fuel Network (FUEL)

Layer-2 Scaling Solution

Fuel Network is a high-performance Ethereum layer-2 rollup that helps make Ethereum transactions faster and cheaper by processing them off the main Ethereum chain while still keeping security.

Developer Tools and Programming

It offers a special programming language called Sway and tools like Fuel orchestrator and Fuelup to help developers build, test, and deploy blockchain apps easily.

Use Cases in Finance and Markets

Fuel Network supports building complex financial applications such as decentralized exchanges (DEXs), prediction markets, lending platforms, and automated market makers (AMMs) without smart contracts.

Performance and Accessibility

It provides high throughput with low fees and fast block times, designed to run on regular consumer hardware, making blockchain technology more accessible.

Ecosystem and Community

Fuel Network supports a growing ecosystem of apps and has an active community for collaboration and innovation.

For more details, visit https://fuel.network/.

Performance and Scalability

Fuel Network is a high-performance Ethereum layer-2 rollup powered by the FuelVM. It offers very high throughput with 21,000 transactions per second (TPS) per CPU core and a fast 1-second block time. This makes it scalable and suitable for mass adoption on consumer hardware.

Security

It uses Ethereum data availability (DA) security, benefiting from Ethereum's robust security model. Fuel Network was the first to achieve stage-2 security status as an optimistic rollup on Ethereum mainnet.

Cost Efficiency

Fuel Network provides very low transaction fees, around $0.0002 to less than $0.01 cents, making it cost-effective for users.

Developer Tools and Ecosystem

Fuel Network offers a specialized programming language called Sway, designed for blockchain development, with a full Solidity transpiler. It also provides an all-in-one toolchain for building, testing, and deploying projects. The ecosystem includes various apps like prediction markets, lending platforms, and decentralized exchanges.

Innovation and Community

Fuel Network is recognized for its unique architecture that minimizes state growth and bloat, which is a common bottleneck in blockchains. It supports native account abstraction and native assets. The community is active and focused on collaboration and innovation.

Cons

The information does not explicitly list cons, but as a newer layer-2 solution, it may have less adoption compared to more established networks. Also, being a specialized platform, developers need to learn Sway, which might be a learning curve for those used to other languages.

Founders

Fuel Network was co-founded by Nick Dodson and John Adler.

Background of Founders

• Nick Dodson is the Co-Founder and CEO of Fuel Network. He has been involved in Ethereum since its early days, building some of the first decentralized applications and participating in Ethereum’s initial crowdsale.
• John Adler is a co-founder known for his work on Optimistic Rollups and Layer-2 scaling research. He also founded Celestia, a blockchain project focused on modular architecture and data availability.

Leadership Roles

• Nick Dodson serves as CEO and provides strategic leadership.
• John Adler contributed to the technical foundation and modular architecture of Fuel Network.

For more details, visit fuel.network.

Investors in Fuel Network

Fuel Network has raised significant funding, notably an $80 million round in Q3 2022. Key investors in this round include Bain Capital Ventures, Blockchain Capital, and CoinFund. These prominent venture capital firms have shown strong support for Fuel Network's technology and vision.

Investors in Fuel Labs (Related Entity)

Fuel Labs, closely associated with Fuel Network, has raised a total of $81.5 million over two funding rounds. Major investors include Blockchain Capital, CoinFund, Stratos Technologies, Alameda Research, Fenbushi Capital, and 2A Ventures among others. The latest Series A round of $80 million was led by Blockchain Capital and Stratos Technologies.

Additional Investors in the Ecosystem

For projects related to Fuel Network, such as Fluid Protocol (which launched the native stablecoin USDF for Fuel Network), investors include Bloccelerate, Animoca Ventures, CMS Holdings, Maelstrom, Veil VC, Builder Capital, Infinity Ventures, RockTree Capital, Wise3 Ventures, Stake Capital, Relayer Capital, AngelDAO, and notable angel investors like Meltem Demirors and Kartik Talwar.

For more details, visit the official website: https://fuel.network/

Halal Status of Fuel Network

• Halal or Not: No specific information is available confirming that Fuel Network is halal or Shariah-compliant.
• Reason: There is no data or certification indicating that Fuel Network meets halal investment criteria or Shariah compliance standards. Unlike some energy stocks or companies that have been evaluated for halal status, Fuel Network has not been assessed in this regard.