Fuse Network has announced that the Consensus Contract on the Flash Testnet community is now reside, as per the newest updates shared with Finbold on July 29.
Devoted to advancing the community’s capabilities, stability, and decentralization, Fuse is likewise introducing a number of key updates, together with a new most stake requirement for validators, a deflationary token model, and the mixing of Polygon’s Chain Growth Equipment (CDK).
zkEVM Layer 2 Community
The transition to a ZK-powered Layer-2 (L2) community utilizing Polygon CDK is anticipated to spice up the community’s scalability, security, and interoperability.
As Fuse progresses in direction of zkEVM structure, its mainnet launch is expedited to This fall 2024.
This aligns with the platform’s general technique to make Fuse a modular blockchain, supporting new monetary fashions and enterprise use circumstances in Web3.
Key enhancements and options to accompany the transition embrace a ZK Layer-2 community leveraging Polygon CDK to create an Ethereum-based Zero Information (ZK) community, which can change into our native community post-launch.
Additional, the group hopes for elevated scalability, customization, privateness, and Web3 help, with FUSE serving because the gasoline charge token.
Likewise, phased testnet changes together with ZK rollup deployment, L1 <> L2 integration, and migration to ZK Validium will enhance person experiences with elevated transactions per second (TPS) throughput and decentralized validation.
Lastly, Fues hopes to forge strategic partnerships to drive blockchain adoption for companies.
Improve to the consensus mechanism
The change to Fuse Community’s consensus mechanism means capping the utmost provide of FUSE tokens, adopting a deflationary token model, and introducing a new most stake requirement for validators.
This can hopefully drive token demand and long-term worth for neighborhood members whereas supporting L2 migration.
A deflationary model will guarantee extra steady exchanges for companies and shoppers in want of Web3 financing and stabilize FUSE costs, including worth to all stakeholders.
Rising most stake quantities for validators will likewise cut back the variety of nodes on Fuse, simplifying the validation course of as validators can run fewer nodes.
Migration to Nethermind
Lastly, Fuse is upgrading from Open Ethereum to Nethermind in a transfer set to spice up efficiency, enhance safety, and stabilize transaction charges.
Likewise, Nethermind introduces vital new Ethereum Enchancment Proposals (EIPs) to guard towards potential vulnerabilities.