Fuse is an Ethereum-compatible public blockchain designed to provide scalable and low-cost payment solutions and decentralised finance (DeFi) applications. It leverages a Delegated Proof of Stake (DPoS) consensus model, enabling fast and secure transactions on the network.
Fuse operates as an EVM-compatible blockchain, which allows for smart contract integration and supports various decentralised applications (dApps). It employs a Delegated Proof of Stake (DPoS) model, where network participants can delegate their tokens to secure the network and earn rewards. The network aims to offer fast transaction times (under 5 seconds) with low costs (approximately $0.0001 per transaction).
Potential use cases for Fuse include powering payments, providing infrastructure for DeFi applications, integrating into gaming ecosystems, and supporting social platforms. It also facilitates the creation of community-focused economies and stablecoin-based transactions, enabling businesses and individuals to benefit from decentralised financial services.
Fuse was conceived in 2019 by Mark Smargon, aimed at facilitating access to Web3 features for entrepreneurs and businesses. The mainnet was launched the same year, marking the beginning of its journey. Over the years, Fuse has achieved significant milestones, including processing over 120 million transactions and creating over 1.3 million unique accounts. In 2023, it celebrated four years of innovation and has integrated over 100 Web3 projects into its ecosystem. The network continues to evolve, with future plans involving Fuse Ember, a Layer 2 solution aimed at enhancing scalability and privacy.