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The L2 war is heating up, and the future of Ethereum expansion is expected to develop around L3, Superchain and Hyperchain.How to keep up with this wave?Let us understand the cutting -edge fields of L2 development together.
Why does it evolve into such a pattern?
Although Ethereum operates as L1, it must have the same scale as the Internet.However, no single L2 has this ability.
From a higher dimension, web3 developers currently have three options:
• Deployment on Ethereum, but sacrificing scalability.
• Select the L2 solution, but will face the risk of dependence on a specific ecosystem.
• Deploy and maintain your own chain, but may lead to fragmentation of liquidity.
In addition, realizing interoperability is also a major challenge.It turns out that our efforts to respond to this challenge using cross -chain bridges are fragile and have been attacked by malicious actors.New challenges require innovative solutions.New challenges require innovative solutions.
In the next wave of ROLLUP, if it builds a dedicated operating system for Ethereum to help developers build a decentralized economy FUEL will give each entity with different goals to create their own ability to customize the environment.You can see it as a new Rollup chain = create a new webpage.
Let us better understand the solutions provided by the core extension participants.
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01Preliminary exploration and innovation starting point
The Ethereum ecosystem is experiencing the explosive growth of the modular L2 chain. Traditional EVM -based Rollup and non -EVM settings are developed.However, most of these architectures are designed for single L1, which cannot meet the needs of the Ethereum ecosystem and the need for Rollup.FUEL has built a new architecture to solve the unique problem summarized by Ethereum by designing the tools suitable for this job.
In December 2020, Fuel Labs released FUEL V1, the first Optimistic Rollup on Ethereum, and became the first Rollup to reach the second stages of the second stage.
Three years later, Fuel Labs announced that it will go online in the third quarter of 2024. This development marks that FUEL is moving towards a new stage of development and showing its determination to continuously improve design and technology.
02Break: a unique architecture design
FUEL combines Bitcoin’s UTXO model, SOLANA’s parallelization, Ethereum’s security, MOVE’s asset -oriented design, and COSMOS interoperability and VM customization, thereby creating a software package specially built for Ethereum.Its core components include Fuelvm, SWAY and FORC tool chain, which provide powerful functions such as parallelization, minimizing status and customizing.
FUEL allows blockchain to check each other, so as to collect detailed information of each blockchain at the block level, so that the FUEL blockchain can operate safely and seamlessly.Its highly customizability allows the deployment of highly scalable application chains to solve various use cases to ensure a high -performance and user -friendly development experience.
03Explore Layer-2 new token model
There are many shortcomings in the existing Layer-2 token model. FUEL LABS believes that new models need to be introduced to solve these problems.
About a year ago, Fuel Labs launched the first Optimistic Rollup of Ethereum main network -FUEL V1.This version supports cross -chain transactions. For example, through HTLC to implement transactions between Ethereum and Bitcoin, there is no need to license or administrator key, without unilateral upgrades, realizing the initial period of Optimistic Rollup.
With the increase of the expansion platform on Ethereum, it is particularly important to solve the problem of high miners.Considering that Rollup has limited trading capabilities and scarcity, this scarcity can be tokens without increasing user costs.Fuel proposed an innovative token model, that is, Rollup charges fees as block builders.
As the demand for block space increases, ROLLUP can increase charges, and users can use it without paying the Rollup tokens.
This model solves a main challenge in the Rollup design: decentralized block construction.Although the mechanism is similar to the POS tokens of the side chain, Rollup has better anti -review capabilities.Tokens are used to choose block builders, and no need to vote for most people, thereby ensuring the safety and fairness of the system.
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04The largest security audit competition in web3 history
With the main online online at the end of May, FUEL and Web3 crowdsourcing security platform IMMUNEFI teamed up to launch an ATTACKATHON competition with a scale of $ 1.3 million.This cooperation is not only an important measure of Fuel in the field of technology security, but also the largest security audit competition in the history of Web3.
The total bonus pool planned by Fuel Attackathon is 1.3 million US dollars, of which $ 1 million will be used for public competitions and focuses on the audit of Fuel code library.After that, it will also provide four fuel -based projects with a $ 300,000 invitation reward pool.Safety researchers participating in the public competition must submit at least one effective medium or higher serious security loophole in order to be eligible to participate in the invitation system.
The contest plan includes multiple key time nodes.The School of Fuel Education was launched on May 31, and the education period began on June 3, and the Attackathon was officially launched on June 17.The specific date of the invitation system will be notified separately.Fuel is committed to further strengthening the security infrastructure of the Web3 ecosystem through this $ 1.3 million reward plan.
This education plan uses the rich professional knowledge of 45,000 security researchers in the IMMUNEFI community, of which more than 1,000 people successfully identified high -risk vulnerabilities to help each project avoid potential losses of up to $ 25 billion.ImmuneFi won the reputation of safety pioneers with the good records of leading projects such as Chainlink, MakerDao, Synthetix, and Polygon.
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summary
Since the launch of Ethereum, the ecology has grown. As more and more users use Ethereum, the performance problems of Ethereum have gradually exposed. When many people interact on Ethereum at the same time, there will be a congestion on the chain.It has pushed the cost of transaction. If Ethereum wants to become a world computer in the true sense, it must expand to increase the number of transactions that Ethereum can handle per second and the processing speed of each transaction.
At present, the expansion scheme of Ethereum is divided into on-chain and off-chain.The expansion of the chain is the improvement of the performance of the blockchain itself, and the transformation of the Ethereum itself to achieve better expansion;Realize higher scalability.There is only a scheme on the current chain expansion. Although there are many expansion of the chain, the Rollup solution is currently mainly adopted. Under this trend, the application of capital blessing, the application of Layer-2 new token model, and the main online online onlineFor the benefits, Fuel deserves the continuous attention of long -term investors.
