Payments Blockchain Fuse has unveiled a major update to expand its ecosystem through a number of efforts aimed at accelerating adoption, as well as a major update to its roadmap. This upgrade improves scalability as it moves toward a modular architecture based on zkEVM.
As part of the network upgrade, Fuse will migrate to an L2 powered by the Polygon CDK to enable new use cases and facilitate the development of robust financial services and payment applications by companies with a strong interoperability foundation.
Highlights include:
- Fuse Ember, a three-phase network upgrade
- Revised tokenomic model
- Mainnet launch in Q4 2024
- Community node sales in the first quarter of 2025
Since launching its EVM-compatible chain in 2019, Fuse has made great strides in expanding its community and onboarding partners. Now it aims to expand this base by leveraging web3 technical improvements that enable higher throughput and open up new use cases.
Fuse Ember
The multi-phase network and ecosystem upgrade that Fuse has proposed is called Fuse Ember and will deliver many improvements over the next year. To integrate new standards and functionality, Fuse will update to the most recent EVM version via the London Hard Fork in the first phase. Phase two will then focus on improving the network’s tokenomics, which involves increasing the maximum stake barrier. Validators will therefore benefit from greater stability.
Tokenomics Revised
To provide long-term incentives, Fuse plans to eliminate token inflation during phase three. The native tokenomics will also be updated as a result of the move to zKEVM. Additionally, developers will find it easier to create apps that enable private payments and confidential transactions if they move to an L2 that supports zero-knowledge proofs. These applications can be used to create dapps in various industries including DeFi, business, healthcare, and many more.
Greater modularity, which allows for more effective allocation of blockchain resources, is one of the key benefits of moving to a zkEVM. As a result, without sacrificing decentralization, more transactions can be handled faster and cheaper. This method allows changes to be made to certain modules without affecting the system as a whole.
Community node sales
The Fuse roadmap also includes additional milestones related to Fuse Ember, such as a Node sale where 50,000 Node licenses – each represented as an NFT – will be made available. In addition to receiving a fee for validating transactions, node operators will have the ability to assign NFTs to holders who choose not to operate a node directly.
With its redesigned roadmap, Fuse is well-positioned to function as a highly customizable and efficient L2 supporting DeFi, payments, and other use cases, while maintaining a tight connection to the larger EVM ecosystem. Before the year ends and node sales begin in 2025, the company plans to deploy its zkEVM, overhaul its tokenomics and launch new revenue-generating products for Fuse users.
Credit : cryptonews.net
