Payments Blockchain Fuse has revealed significant update to expand its ecosystem via a number of efforts meant to speed up adoption, as well as a significant update to its roadmap. With this upgrade, scalability will be improved 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 in order to enable new use cases and facilitate the development of robust financial services and payment applications by enterprises with a strong interoperability foundation.
Highlights include:
- Fuse Ember, a three-phase network upgrade
- Revised tokenomic model
- Mainnet launch in Q4 2024
- Community node sale in Q1 2025
Since launching its EVM-compatible chain in 2019, Fuse has made great strides in expanding its community and onboarding partners. Now, it’s aiming to expand on this base by using web3 technical advancements that enable higher throughput and open up new use cases.
Fuse Ember
The multi-stage network and ecosystem upgrade that Fuse has proposed is named Fuse Ember, and it will provide many enhancements over the course of the next year. In order 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 next concentrate on improving the tokenomics of the network, which will entail raising the maximum staking barrier. Validators will benefit from increased stability as a result.
Revised Tokenomics
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. In addition, developers will find it simpler to create apps that allow for private payments and confidential transactions if they move to an L2 that supports zero-knowledge proofs. These applications may be used to create dapps in a variety of sectors, including DeFi, corporate use, healthcare, and much more.
More modularity, which enables more effective blockchain resource allocation, is one of the main advantages of switching to a zkEVM. As a consequence, without sacrificing decentralization, more transactions may be handled more quickly and cheaply. Modifications to certain modules may be made using this method without impacting the system as a whole.
Community Node Sale
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 compensation for validating transactions, node operators will have the ability to assign NFTs to holders who choose not to manage a node directly.
With its redesigned roadmap, Fuse will be in a great position to function as a highly adaptable and efficient L2 that supports DeFi, payments, and other use cases while keeping a close connection with the larger EVM ecosystem. Before the year ends and its node sale starts in 2025, the company plans to deploy its zkEVM, revise its tokenomics, and launch new yield-generating products for Fuse users.