Since our inception in 2019, Fuse Network has been committed to revolutionizing blockchain-based payments. We've pioneered the development of native account abstractions and a pricing model designed to simplify blockchain integration for businesses of all sizes.
Fuse is on a mission to put the power of Ethereum in the hands of millions of businesses and consumers with a powerful payments ecosystem and a performant zkEVM Layer 2. Our Ecosystem provides low-cost Web3 payments without the development headaches or vendor lock-in.
The network’s utility token is the Fuse Token (FUSE) - an ERC-20 token with several utilities within the ecosystem, including:
Payments: As FUSE is the native currency on Fuse Network, sending it does not require interactions with smart contracts. Thus, FUSE transfers are potentially faster and less costly regarding transaction fees.
**Transaction fees**: Being the native currency on the Fuse Network blockchain, users must pay fees in FUSE to approve transactions.
**Validation**: Token holders can stake FUSE to become a validator. The minimal staking requirement is 100K FUSE. While the network is continuously growing, there are currently 60+ validators.
**Voting**: Validators vote on protocol changes with their staked FUSE and with the tokens delegated to them by stakers. This means validators with higher amounts of Fuse staked can have a more significant vote on network upgrades and governance changes.
**Staking**: FUSE holders can choose one or more validators to delegate and stake their tokens. They receive a share of the Fuse block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).
Fuse network can process ±180 native token transfers per second with an average block confirmation time of 5 seconds and an average txn fee of <0.005 FUSE (<$0.001/txn).
Following the recent doubling of the block gas limit (to 20 million), the Fuse Network blockchain can process around 180 native token transfers per second.
Fuse is on a mission to put the power of Ethereum in the hands of millions of businesses and consumers with a powerful payments ecosystem and a performant zkEVM Layer 2. Our Ecosystem provides low-cost Web3 payments without the development headaches or vendor lock-in.
The network’s utility token is the Fuse Token (FUSE) - an ERC-20 token with several utilities within the ecosystem, including:
Payments: As FUSE is the native currency on Fuse Network, sending it does not require interactions with smart contracts. Thus, FUSE transfers are potentially faster and less costly regarding transaction fees.
**Transaction fees**: Being the native currency on the Fuse Network blockchain, users must pay fees in FUSE to approve transactions.
**Validation**: Token holders can stake FUSE to become a validator. The minimal staking requirement is 100K FUSE. While the network is continuously growing, there are currently 60+ validators.
**Voting**: Validators vote on protocol changes with their staked FUSE and with the tokens delegated to them by stakers. This means validators with higher amounts of Fuse staked can have a more significant vote on network upgrades and governance changes.
**Staking**: FUSE holders can choose one or more validators to delegate and stake their tokens. They receive a share of the Fuse block rewards proportionate to the share of their stake in the total stake, minus the minimum 15% fee paid to the validator(s).
Fuse network can process ±180 native token transfers per second with an average block confirmation time of 5 seconds and an average txn fee of <0.005 FUSE (<$0.001/txn).
Following the recent doubling of the block gas limit (to 20 million), the Fuse Network blockchain can process around 180 native token transfers per second.