Tel Aviv, Israel, September 18th, 2024, Chainwire
Payments blockchain Fuse has announced a major update to its roadmap and major plans to grow its ecosystem through a series of initiatives designed to accelerate adoption. These improvements will enhance scalability as part of its transition to modular architecture based on zkEVM.
The network upgrade will see Fuse migrate to an L2 powered by the Polygon CDK to support new use cases and make it easier for businesses to develop powerful apps for payments and financial services with deep interoperability at their core.
Fuse has made significant progress in growing its community and onboarding partners since launching its EVM-compatible chain in 2019. It’s now seeking to build upon this foundation by taking advantage of innovations in web3 technology that support greater throughput and unlock new use cases.
Fuse Ember, the name given to the multi-stage network and ecosystem upgrade Fuse has tabled, will introduce a host of improvements over the next 12 months. The first phase will see Fuse upgrade to the latest EVM version via the London Hard Fork to incorporate new standards and features. From there, focus in phase two will shift to upgrading the network’s tokenomics which will include increasing the maximum staking threshold. This will deliver greater stability for validators.
In the long-term, Fuse intends to remove token inflation during phase three to ensure sustainable incentives, while the move to zKEVM will also see the native tokenomics revised. At the same time, switching to a L2 that supports zero-knowledge proofs will make it easier for developers to build applications that offer private payments and confidential transactions which will prove valuable in the creation of dapps spanning DeFi, enterprise usage, healthcare, and much more.
One of the chief benefits that the move to a zkEVM will bring is greater modularity, allowing blockchain resources to be allocated more efficiently. As a result, more transactions can be processed simultaneously and at lower cost without reducing decentralization. This approach also enables changes to individual modules without affecting the entire system.
Other milestones that have been added to the Fuse roadmap as part of Fuse Ember include a node sale in which 50,000 node licenses will be made available, each represented as an NFT. Node operators will earn rewards for validating transactions and there will also be the option to delegate NFTs for holders who don’t wish to directly run a node.
Fuse’s revamped roadmap will make it primely positioned to serve as a versatile and highly efficient L2 that will support payments, DeFi, and other use cases, while maintaining deep integration with the broader EVM ecosystem. Deployment of its zkEVM and revised tokenomics are expected before the end of the year before its node sale commences in 2025 as well as the introduction of new yield-generating products for Fuse users.
About Fuse
Fuse is a layer 2 blockchain that offers fast, cheap and borderless payments with stablecoins and DeFi building blocks. It enables businesses to build, integrate and use blockchain technology to enhance mobile, e-commerce, loyalty and branded stablecoins.
Learn more: https://www.fuse.io
Contact
Kim Bazak
MarketAcross
kim@marketacross.com
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