Rodrigo Araújo

Today we announced the FUEL token. Used in our effort to decentralize sequencing and improve UX by eliminating gas fees outright. For too long, blockchains have operated like a pay to play model, making it wholly uncompetitive with a web2 experience. This changes today. Thanks to the execution improvements of the Fuel architecture, fees are going to zero, and with that we might as well go all the way and make it free for users outright. More details to come on how we do this throughout the week. With that, none of this would be possible without the Fuel community. They have been eating glass for years, and we want to ensure we do a launch worthy of their support. In addition, we want to take a last step to grow our community before launch, so we have partnered with a few awesome teams to help us do that. It’s been a wild ride building Fuel, and today we start a new chapter. LFG. ⛽️ nitter.gq/fuel_network/status/18…

Imagine rearchitecting and rebuilding: - The EVM - Solidity - Foundry - Indexers - geth (without consensus) - A complete block explorer - A complete wallet - WalletConnect All with modern design and making it all work nicely together. That’s what the Fuel team did for Ignition. And I couldn’t be more proud of them. Ignition is just the beginning ⛽️

I see people all the time tell me that crypto “isn’t innovating” or “what are the use cases”. They have completely missed the plot. Just stablecoins and multisigs are an insanely incredible use case for crypto. You can start groups, companies and organizations in seconds with built in majority governance and send and recieved money around the world without borders, with no need for a government to approve or enforce the rules. You can pay people in 13 seconds or less. You can pay hundreds of people in 13 seconds or less. There is no barrier to creating these other than some very menial fees. On just this alone, crypto is worth trillions. Stop trying to find magical use cases for things. Let’s take a step back and look at what we have already. And we haven’t even gotten started yet with the possibilities of multisigs and stablecoins. I’m not even including uniswap, decentralized stables or fancy Defi here. Just USDC and a multisig, it’s incredible.

I’ve given several talks about state growth recently, and seeing more discussions about the topic, I thought I’d do a quick overview of the problem and the approach we’re taking with Fuel. 🧵

Today I will discuss why the FuelVM is the EVM but greatly improved and what this means for the future of blockchain. #EveryComputationMatters #BeyondMonolithic 👇

The Fuel team did some hacking around DevConnect. We built a working prototype of WebAuthn P-256 enabled native transaction signing (using account abstraction) live on Testnet. No seed phrases, no install, biometric enabled! Try it now: authn-sign.vercel.app A quick 🧵