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.