Fuse strives to be the most business and consumer-friendly blockchain ecosystem for the mainstream adoption of Web3 payments. A fast and low-cost EVM-compatible Fuse Network blockchain powers fuse.
Fuse Network is fully compatible with Ethereum, meaning that any smart contract deployed on the latter can also run on top of the Fuse Network.
The Fuse Network blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving consensus. The consensus is secured by a significant number of independent validators, only one of which is run by the Fuse Foundation.
Validators are also responsible for Fuse's most crucial type of governance: adopting the network protocol changes via Fuse Improvement Proposals (FIPs).
The native token of the network is called FUSE. New FUSE tokens are issued with every added block and used to pay for gas, like Ether (ETH) on Ethereum.
The Fuse Network blockchain is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on Fuse is around 5 seconds, and it currently costs less than 1 cent to confirm a transaction.
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.
To make the Fuse Network suitable for payments, we have been pioneering the development of Account Abstraction and researching the integration of privacy functions using innovative Web3 solutions like smart contract wallets, Decentralized Identifier solutions (DIDs), non-transferable tokens representing a person's identity (SBTs).
Alongside these efforts, we are rolling out advanced features and services for payments, such as - accounting, invoicing, recurring and automated payments, credit scoring, consumer protection, and more.
Overall, Fuse gives businesses and communities an opportunity to build customized mobile-first payment solutions (digital tokens and wallets) and embrace DeFi services at a very low cost in terms of money and time without the hassle of dealing with complex blockchain processes.
By easily creating a mobile-first environment with Fuse, an organization turns its audience from a simple community into a whole micro-economy. And the end-user profits from this, leveraging fast, cheap (a fee for a Fuse transaction is lower than 1 US Cent), accurate and sophisticated mobile payments.
