Question 1

What is Fuel Network (FUEL)?

Accepted Answer

Fuel Network is a modular execution layer designed to optimise Ethereum rollups by addressing key scalability challenges. It introduces parallel transaction execution, state-minimised execution, and improved interoperability. The Fuel Network operates on the Ethereum blockchain and uses the Fuel Virtual Machine (FuelVM), which implements improvements to the Ethereum Virtual Machine (EVM), such as parallel transaction execution and support for multiple native assets.

The native token of the Fuel Network, **FUEL**, is an ERC-20 token deployed on Ethereum and will also be used on Layer 2 (L2) networks.

Fuel aims to provide a scalable and decentralised solution for executing rollups, with a particular focus on reducing transaction fees and improving network efficiency through its decentralised sequencer architecture. This sequencer operates on a **Proof-of-Stake (PoS)** model using **Tendermint consensus**.

Question 2

What is Fuel Network (FUEL) used for?

Accepted Answer

The **FUEL** token serves multiple functions within the Fuel Network:

1. **Securing the Network:**  
   - FUEL is used in a decentralised staking system to secure the network.  
   - Validators (sequencer proposers) stake FUEL tokens to propose and validate blocks.  
   - Network participants can delegate their FUEL tokens to validators in exchange for staking rewards.

2. **Paying for Chain Resources:**  
   - FUEL is used to pay for resources such as data availability, ordering, and block inclusion on the Fuel sequencer.  
   - This supports decentralisation by ensuring fair access to network resources.

3. **Application-Specific Sequencing (ASS):**  
   - FUEL allows decentralised applications (dApps) to influence the order and inclusion of transactions.  
   - Stakers can bond their FUEL to specific applications, earning rewards and enabling **gasless transactions** for users.  
   - This creates a market for Layer 2 chain resources, improving user experience by eliminating transaction fees.

4. **Ecosystem Growth:**  
   - Over 51% of FUEL's supply is allocated to community incentives, ecosystem development, and research and development (R&D).  
   - Fuel's **Points Program** and partnerships with platforms like Legion, Impossible Finance, and Bitget encourage community participation.

Question 3

Who created Fuel Network (FUEL)?

Accepted Answer

Fuel Network was co-founded by **John Adler** and **Nick Dodson**.

- **John Adler** is a co-founder of Fuel Labs and is known for his expertise in blockchain scalability solutions, particularly rollups. He has contributed to the development of optimistic rollups and Ethereum Layer 2 solutions.  
- **Nick Dodson** is the co-founder and current **CEO** of Fuel Labs. He leads the strategic direction and development of the Fuel Network, focusing on creating scalable and decentralised blockchain infrastructure.

Fuel Labs, under the leadership of Adler and Dodson, developed Fuel Network to address the limitations of existing rollup solutions. They introduced innovations such as the FuelVM and the Sway programming language to enhance smart contract development and network performance.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	FUEL-USDT FUELUSDT_SPBL	bitget	BB	0.0₃7188USDT	-0.15%	219,339,182.54FUEL	7,931	0.0₃7199USDT	0.0₃7224USDT
2	FUEL-USDT FUEL-USDT	kucoin	BB	0.0₃7190USDT	0.28%	4,500,107.00FUEL	536	0.0₃7170USDT	0.0₃7230USDT
3	FUEL-USDT FUELUSDT	mexc	C	0.0₃7184USDT	0.27%	71,688,197.30FUEL	5,433	0.0₃7165USDT	0.0₃7236USDT
4	FUEL-USDT FUEL_USDT	coinw	-	0.0₃7120USDT	-1.11%	70,139,168.20FUEL	2,396	0.0₃7200USDT	0.0₃7230USDT
5	FUEL-EUR FUEL-EUR	bitvavo	B	0.0₃6366EUR	-0.28%	32,878,300.47FUEL	153	0.0₃6384EUR	0.0₃6498EUR
6	FUEL-IDR fuelidr	indodax	E	12.90IDR	1.17%	371,522.00FUEL	18	12.75IDR	13.69IDR
7	FUEL-USDT FUEL_USDT	bitunix	C	0.0₃9560USDT	0.00%	0FUEL	0	0.0₃9560USDT	0.0₃9560USDT