Fuse price

FUSE

#1196

Fuse is an EVM-compatible blockchain designed to provide a scalable, fast, and cost-effective infrastructure for Web3 applications. Since its inception in 2019, Fuse Network has been dedicated to revolutionizing blockchain-based payments, pioneering native account abstractions and a simplified pricing model for seamless blockchain integration.

The Fuse ecosystem encompasses a variety of solutions for Web3 payments, DeFi, and NFTs. It includes a DeFi platform called Fuse.fi, an NFT marketplace, and a smart wallet, all built on its blockchain. The network’s utility token, FUSE, is an ERC-20 token with multiple utilities within the ecosystem. As the native currency, FUSE facilitates payments without requiring interactions with smart contracts, making transactions faster and less costly.

Transaction fees on the Fuse Network are paid in FUSE, and users can stake FUSE to become validators, with a minimum requirement of 100K FUSE. Validators play a crucial role in governance by voting on protocol changes, and they can delegate tokens to others, sharing block rewards proportionately.

The Fuse Network is capable of processing approximately 180 native token transfers per second, with an average block confirmation time of 5 seconds and transaction fees of less than 0.005 FUSE. The recent increase in the block gas limit to 20 million further enhances its processing capabilities.

The technology behind Fuse is an EVM-compatible blockchain known as the Fuse Network. This decentralized platform leverages its own token, FUSE, to make Web3 payments and decentralized finance more accessible and user-friendly. Since its inception in 2019, Fuse Network has been committed to revolutionizing blockchain-based payments, pioneering native account abstractions and a pricing model designed to simplify blockchain integration for businesses of all sizes.

At the core of Fuse Network is its mission to democratize the power of Ethereum, bringing it to millions of businesses and consumers through a robust payments ecosystem and a performant zkEVM Layer 2. This ecosystem offers low-cost Web3 payments without the development headaches or vendor lock-in that often accompany blockchain technology.

The Fuse Token (FUSE) is an ERC-20 token with multiple utilities within the ecosystem. As the native currency on Fuse Network, FUSE facilitates payments without requiring interactions with smart contracts, making transfers faster and less costly in terms of transaction fees. Users must pay transaction fees in FUSE to approve transactions on the network.

Security is a paramount concern for any blockchain, and Fuse Network employs several mechanisms to prevent attacks from bad actors. One of the primary methods is through staking and validation. Token holders can stake FUSE to become validators, with a minimum staking requirement of 100K FUSE. Validators play a crucial role in maintaining the network's security and integrity by validating transactions and blocks. There are currently over 60 validators, and they vote on protocol changes with their staked FUSE and the tokens delegated to them by other stakers. This decentralized governance model ensures that no single entity can easily manipulate the network.

Staking also allows FUSE holders to delegate their tokens to one or more validators, receiving a share of the block rewards proportionate to their stake. This incentivizes honest behavior among validators, as their earnings depend on the network's overall health and security. Validators are required to pay a minimum 15% fee to the delegators, ensuring a fair distribution of rewards.

The Fuse Network is designed for high performance, capable of processing approximately 180 native token transfers per second. The average block confirmation time is around 5 seconds, and the average transaction fee is less than 0.005 FUSE, which is less than $0.001 per transaction. This high throughput and low cost make Fuse Network an attractive option for businesses looking to integrate blockchain technology into their operations.

Following a recent doubling of the block gas limit to 20 million, the network's capacity for processing transactions has significantly increased. This enhancement further solidifies Fuse Network's position as a scalable and efficient blockchain solution.

In addition to its technical capabilities, Fuse Network's commitment to user-friendly design is evident in its approach to Web3 payments. By eliminating the complexities often associated with blockchain development, Fuse Network enables businesses of all sizes to leverage the benefits of decentralized finance without the typical barriers to entry. This focus on accessibility and ease of use is a key differentiator for Fuse Network in the rapidly evolving blockchain landscape.

Fuse Network, since its inception in 2019, has been dedicated to transforming blockchain-based payments. The Fuse Token (FUSE) serves as the backbone of this ecosystem, offering various utilities and real-world applications that cater to both businesses and consumers.

One of the primary applications of Fuse is in the realm of payments. As the native currency on the Fuse Network, FUSE enables fast and cost-effective transactions without the need for smart contract interactions. This makes it particularly useful for micropayments and cross-border payments, where traditional methods can be slow and expensive.

Fuse also excels in providing NFT-based loyalty programs. Businesses can leverage the Fuse platform to create and manage loyalty programs that reward customers with NFTs, enhancing customer engagement and retention. This is particularly beneficial for entrepreneurs and businesses looking to turn their communities into thriving economies.

The Fuse API is another significant application, allowing developers to test and deploy applications in both Staging and Production environments. This flexibility is crucial for businesses that need to ensure their applications are robust and reliable before going live.

In the realm of governance and consensus mechanisms, FUSE plays a vital role. Token holders can stake FUSE to become validators, participating in the network's governance by voting on protocol changes. This decentralized approach ensures that the network remains secure and evolves according to the community's needs.

Fuse also aims to simplify cryptocurrency payments by integrating them into mobile apps. This makes it easier for businesses to accept crypto payments, thereby broadening their customer base and reducing transaction costs. The network's scalable platform supports a high volume of transactions, making it suitable for various business applications.

Additionally, Fuse is committed to bringing decentralized finance (DeFi) to the masses. By offering low-cost Web3 payments and a performant zkEVM Layer 2, Fuse provides a seamless user experience without the complexities typically associated with blockchain technology.

The Fuse Token (FUSE) is also used for transaction fees on the network. Users must pay fees in FUSE to approve transactions, ensuring that the network remains secure and operational. Validators and stakers are rewarded with FUSE, incentivizing them to maintain the network's integrity.

In summary, Fuse Network offers a versatile and robust ecosystem that supports a wide range of real-world applications, from payments and loyalty programs to governance and DeFi.

Since its inception in 2019, Fuse Network has been dedicated to transforming blockchain-based payments. The network's utility token, FUSE, plays a crucial role in this ecosystem, facilitating payments, transaction fees, validation, voting, and staking.

One of the significant milestones for Fuse was the launch of Fuse Ember. This event marked a pivotal moment in the network's development, showcasing its commitment to enhancing blockchain integration for businesses of all sizes. The introduction of Fuse Ember aimed to simplify the process of adopting blockchain technology, making it more accessible and efficient.

Another notable event was the deployment of the Fuse Fi DAO and the VOLT governance token. This initiative was designed to decentralize the governance of the Fuse network, allowing token holders to have a say in the network's future direction. The VOLT governance token plays a critical role in this process, enabling users to participate in decision-making and protocol changes.

The announcement of the upcoming launch of the Fuse Fi DAO and VOLT governance token further emphasized the network's dedication to decentralization and community involvement. This announcement generated significant interest and anticipation within the Fuse community, highlighting the network's forward-thinking approach.

In the summer of 2024, the Fuse Summer Hackathon took place, bringing together developers, entrepreneurs, and blockchain enthusiasts to collaborate and innovate on the Fuse platform. This event underscored Fuse's commitment to fostering a vibrant and active community, encouraging the development of new applications and solutions on the network.

Additionally, the acquisition of Coin Meester by Kraken was a noteworthy event in the broader cryptocurrency landscape, indirectly impacting Fuse by demonstrating the growing interest and consolidation within the industry. This acquisition highlighted the increasing recognition and value of blockchain-based payment solutions, aligning with Fuse's mission to revolutionize this space.

Throughout these events, Fuse has consistently focused on providing low-cost Web3 payments without the complexities of traditional development and vendor lock-in. The network's zkEVM Layer 2 solution further enhances its performance, enabling faster and more efficient transactions.

The Fuse network's ability to process approximately 180 native token transfers per second, with an average block confirmation time of 5 seconds and a transaction fee of less than 0.005 FUSE, showcases its scalability and efficiency. The recent doubling of the block gas limit to 20 million further enhances the network's capacity, allowing it to handle a higher volume of transactions seamlessly.

These key events and developments have positioned Fuse as a significant player in the blockchain and cryptocurrency space, continually pushing the boundaries of what is possible with blockchain-based payments.