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Fuel Labs, Creator of the First Optimistic Rollup, Unveils “Rollup OS”: The Operating System Purpose-built for Ethereum Rollups

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LISBON, Portugal, Feb. 21, 2024 /PRNewswire/ — Fuel Labs, creator of the first optimistic rollup Fuel V1, today announced its evolution into the “Rollup OS”, a complete operating system specifically designed to help Ethereum rollups realize their full potential. Specifically designed to tackle critical limitations in the existing rollups architectures, the strategic shift strengthens Fuel Labs’ position as a visionary in the Ethereum ecosystem while paving the way for its mainnet launch in Q3 2024.

Unlike existing virtual machines (VMs) designed for layer-1 (L1) blockchains or general-purpose computation systems, Fuel offers the first purpose-built VM that will unlock new capabilities for Ethereum rollups.

Fuel’s unique architecture addresses core challenges in blockchain scalability beyond the conventional paradigm of modularity and even data availability — enabling higher throughput via parallelization, state minimization, seamless interoperability and VM customizability.

“As rollups mature, it’s clear that an operating environment optimized for their unique requirements is a non-negotiable next step. Fuel is that evolution: the ‘Rollup OS’ solves critical bottlenecks, future-proofing both rollup technology and the Ethereum ecosystem,” said Nick Dodson, CEO and Co-Founder of Fuel Labs.

Addressing Ethereum’s Scaling Bottleneck

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Ethereum’s reign as the dominant smart contract platform is undeniable, yet its future-readiness and developer appeal hinges on EVM’s ability to solve future requirements of Ethereum rollups. As rollups and modular infrastructure rise, existing technologies made for general computation, or monolithic L1 systems, fail to address the evolving demands of this rollup-centric reality. This forces developers to navigate compromises in design, limiting innovation, adoption, and ultimately, Ethereum’s long-term vision for a globally decentralized network.

The Fuel Advantage: A New Operating System for the Rollup Era

Fuel brings unprecedented power to Ethereum rollups by combining state-of-the-art innovations and learning from its rich history in rollup development:

  • Parallelization to Fuel Scalability Beyond Modularity: Parallel transaction execution in the FuelVM enables Fuel-powered rollups to offer a highly performant user experience, while preserving Ethereum’s decentralization and security. As blockchain networks are increasingly designed to be modular – separating execution, consensus, transaction finality and data availability into separate layers – optimized performance rests on parallelization to offer next-generation scalability benefits.
  • Tackling State Bloat for Sustainable Growth: Fuel’s advanced UTXO model, coupled with unique state minimization techniques, combats state bloat – referring to the ever-increasing accumulation of data that must be entirely stored and managed by nodes in a blockchain network to ensure proper chain validation and state transitions. This allows Fuel-powered rollups to scale without compromise, inheriting Ethereum-level security all while maintaining the lowest node operation overheads. This translates to significantly decreased processing requirements for validators thereby ensuring long-term decentralization.
  • Introspection for Seamless Interoperability: Cross-chain fragmentation reduces overall efficiency. Features like introspection streamline interchain communication, empowering developers and users to navigate a fully connected, multi-rollup ecosystem on Ethereum with confidence.
  • Security-First Design with Asset Orientation: FuelVM removes non-intuitive features like ERC20’s unlimited approvals, and introduces multiple native assets for use cases like native NFT bridging and much more. Native account abstraction and support for multiple signature schemes open the doors to effortless user and wallet onboarding into web3, accelerating mainstream adoption.
  • Developer Empowerment:
    • FuelVM: The heart of the Rollup OS, FuelVM provides maximum flexibility and power to developers, unlocking innovations impossible with constrained legacy architectures.
    • Sway: A domain-specific language designed for blockchains, combining features of Rust and Solidity for secure, yet developer-friendly, blockchain programming.
    • Forc: A suite of powerful tools simplifying and accelerating dApp development and deployment on Fuel-powered chains.
  • Highly Customizable: The Rollup OS unlocks a new wave of creativity in innovative decentralized application (dApp) building, purposefully designed to support use cases that require high computational load, such as advanced decentralized finance (DeFi) protocols and web3 gaming.
  • Open-Sourced Security & Collaboration: Fuel prioritizes Ethereum’s security as the foundation, while advocating for collaboration over competition through its open-source ethos.

Fuel aims to remodel execution in order to fuel the future of Ethereum, unlocking never before seen web3 use cases at massive scale. For more information, developers may visit Fuel’s tech docs at https://docs.fuel.network. Support can also be found via Fuel’s Discord at https://discord.com/invite/fuelnetwork.

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Nick Dodson, CEO and Co-Founder of Fuel Labs is available for interview.

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About Fuel

Fuel is an operating system purpose-built for Ethereum rollups. Fuel aims to bring new capabilities to the Ethereum Ecosystem all while preserving decentralisation. Fuel rollups will have parallelization, state minimised execution, and interoperability along with native account abstraction and support for wallets of all networks.

Fuel combines the purpose-built FuelVM, a highly optimised Rust-based blockchain programming language Sway, a fully integrated tool chain Forc, and several services to create a complete Rollup OS for Ethereum. Fuel’s unique architecture will allow developers to build experiences never before seen in the Ethereum ecosystem.

For more information, please visit:
Website | X/Twitter | Discord | Blog | GitHub | Documentation | Forum

Logo – https://mma.prnewswire.com/media/2344492/4554137/Fuel_Labs_Logo.jpg 

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Blockchain

Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM)

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Ethereum’s Challenges Highlight the Importance of Blockchain Integrity

Ethereum, once hailed as the undisputed king of smart contract platforms, is facing mounting criticism over scalability issues and increasing centralization concerns. Critics argue that Ethereum’s looming challenges serve as a cautionary tale about the importance of maintaining blockchain integrity in the pursuit of innovation.

The network’s shift to proof-of-stake has introduced debates about validator centralization and network control. As transaction fees remain high and competition from newer blockchains intensifies, Ethereum’s journey underscores the delicate balance between growth and decentralization in the blockchain ecosystem.

Source: Bitcoin Magazine

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Quantum Emotions Introduces Revolutionary Quantum Wallet

Quantum Emotions, a pioneering quantum technology firm, has unveiled its groundbreaking quantum wallet designed to provide unprecedented security for blockchain users. Leveraging quantum random number generators, the wallet ensures ultra-secure private key management and protection against emerging quantum threats.

As the blockchain industry prepares for a quantum computing era, innovations like this wallet highlight the need to future-proof digital assets. Quantum Emotions’ solution is a step forward in safeguarding the integrity of blockchain transactions in an increasingly complex technological landscape.

Source: Finance Yahoo

Pepeto Simplifies Cross-Chain Trading for Blockchain Users

Pepeto, a trailblazer in the blockchain space, is revolutionizing cross-chain trading with its user-friendly platform. By simplifying blockchain transfers across different networks, Pepeto addresses a significant pain point for users navigating the complexities of decentralized finance (DeFi).

The platform’s intuitive interface and efficient protocols enable seamless asset transfers while reducing transaction costs and processing times. As interoperability becomes a crucial factor in the blockchain sector, Pepeto’s innovation is set to reshape how users interact with decentralized ecosystems.

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Source: Bitcoinist

Zeus Investments Launches Blockchain Research Division

Zeus Investments has announced the launch of its dedicated blockchain research division, aimed at driving innovation and identifying strategic opportunities in the blockchain sector. The division will focus on exploring emerging technologies, evaluating market trends, and fostering partnerships with industry leaders.

By committing resources to blockchain research, Zeus Investments signals its belief in the transformative potential of decentralized technologies. This initiative underscores the growing interest among traditional financial institutions in harnessing blockchain’s disruptive capabilities.

Source: Finance Yahoo

AgileGTM Blockchain Fund Secures $2M in First Close of $10M VC Fund

AgileGTM has achieved a significant milestone by securing $2 million in the first close of its $10 million pan-European blockchain venture capital fund. The fund aims to support early-stage blockchain startups across Europe, focusing on innovative solutions in areas such as DeFi, NFTs, and enterprise applications.

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This development highlights the increasing appetite for blockchain investment and the role of venture capital in accelerating the growth of the industry. AgileGTM’s initiative reflects the potential for blockchain to drive economic transformation and innovation across diverse sectors.

Source: Tech.eu

 

The post Blocks & Headlines: Today in Blockchain (Ethereum, Quantum Emotions, Pepeto, Zeus Investments, AgileGTM) appeared first on News, Events, Advertising Options.

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xPortal Acquires Alphalink to Drive Innovation at the Intersection of AI and Crypto

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xPortal, the AI-powered DeFi super-app, has acquired Alphalink, a Berlin-based Web3 startup recognized for delivering delightfully simple crypto experiences through its mobile app. The acquisition marks a major milestone in xPortal’s goal to simplify crypto and financial investing.

With over 2.5 million users and a 4.8-star rating from 70K+ app store reviews, xPortal combines crypto, real-world functionality, and AI into a single, user-friendly mobile app.

xPortal launched in 2023 as the wallet for the MultiversX blockchain (prev. Elrond) and quickly expanded into multi-chain territory, integrating Bitcoin, Ethereum, Solana, Polygon and more.

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As part of its growth strategy, xPortal is raising capital in an anticipated oversubscribed round while making a full-scale push into AI, expanding into the U.S. and launching a native token to its ecosystem

Active xPortal users will also benefit from lucrative opportunities that will further fuel the ecosystem.

Empowered Leadership

 

Through the acquisition, xPortal brings seasoned FinTech and crypto innovators Marko Bradic as Co-founder and Chief Product Officer (CPO) and Mohit Tilwani as Co-founder and Chief Technology Officer (CTO) to complement the dream team together with Sergiu Biris, Co-founder and CEO of xPortal.

  • Marko Bradic (ex-CEO of Alphalink) previously scaled Trade Republic – the $5B European Robinhood backed by Sequoia – to 4 million users, €180 million in annual revenue, and €35 billion in AUM.

  • Mohit Tilwani (ex CTO of Alphalink) brings over a decade of engineering experience to xPortal. Served as the first engineering lead at Trade Republic, he scaled systems to support 8 million customers.

  • Sergiu Biris (CEO of xPortal) is a serial entrepreneur with over 20 years of experience. He was the co-founder of LiveRail, a video advertising platform acquired by Facebook (now Meta) in 2014 for $500 million.

“Marko and Mohit’s experience in building and scaling world-class fintech products aligns perfectly with xPortal’s mission to make crypto easy to use and accessible to everyone. Their expertise strengthens our vision of blending crypto and AI with real-world utility. I’m extremely excited about what we’re going to be building together in the years to come.” – Sergiu Biris, Co-founder and CEO of xPortal

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Beniamin Mincu, Co-founder and CEO of MultiversX added: “Through the acquisition of Alphalink xPortal is taking a bold step towards the future. One where crypto is merging with AI to deliver the best experiences to everyday users. xPortal started as a core part of MultiversX and, driven by this team of world class founders, is now becoming independent, creating its own story. I believe xPortal is poised to drive global crypto adoption, bringing unparalleled value to its users and the broader Web3 space.”

DeFi to DeFAI: What if your money had Brains?

Leading the paradigm shift from DeFi to DeFAI, xPortal is transforming how users interact with money. Making crypto easy and accessible for everyone, xPortal is building a vertically integrated network of specialized DeFAI agents that work autonomously, simplifying complex user tasks and removing onboarding and engagement friction through seamless chain management.

With features like effortless on-off ramps, cross-chain trading, staking, Web3 dApp integration, and Mastercards for everyday payments, the super-app bridges the gap between crypto and real-world utility.

The post xPortal Acquires Alphalink to Drive Innovation at the Intersection of AI and Crypto appeared first on News, Events, Advertising Options.

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Humanity Protocol and Open Campus Partner to Integrate Achievements and Interoperable Credentials for Decentralized Education

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Humanity Protocol, the leader in on-chain Proof of Humanity (PoH) and decentralized identity, is thrilled to announce its strategic partnership with Open Campus (EDU), the Web3 education protocol.

This collaboration will redefine digital identity and credentialing for learners, educators, and developers, enabling interoperable, privacy-preserving credentials that can be seamlessly used across decentralized ecosystems.

Humanity Protocol’s Self-Sovereign Identity (SSI) framework and Proof of Humanity (PoH) technology ensure Sybil-resistant, verified human authentication for Web3 applications. Open Campus complements this by empowering users with tools to issue, manage, and utilize education-related credentials through its Open Campus ID and Achievements System.

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Together, the two projects aim to unlock a future where identity and educational credentials are secure, interoperable, and privacy-focused.

At the core of this partnership is the integration of Open Campus Achievements and Open Campus ID with Humanity Protocol’s decentralized identity graph. This integration ensures that credentials issued on Open Campus are validated and interoperable, allowing users to showcase their verified educational accomplishments across Web3 platforms.

Key features of the collaboration include:

  • Achievement Verification: Open Campus will focus on issuing education-related credentials, such as course completions, certifications, and learning milestones. These Achievements will be authenticated using Humanity Protocol’s verifiable credential (VC) framework, enabling secure and portable credentialing.
  • Interoperable Identity: Open Campus ID will integrate with Humanity Protocol’s Proof of Humanity, providing users with privacy-preserving, Sybil-resistant identities. These identities will enable users to leverage their credentials in governance, professional, and educational applications.

The partnership between Humanity Protocol and Open Campus introduces new use cases that benefit learners, educators, and developers. Users can create portable, privacy-preserving portfolios combining Proof of Humanity and verified Open Campus Achievements. These portfolios can be used in professional and academic settings to showcase skills and accomplishments securely.

Learners and educators can leverage their interoperable identities to participate in governance activities on both Humanity Protocol and Open Campus platforms. By tying voting to verified individuals, governance becomes more transparent and fair. dApp developers can build applications that integrate Humanity Protocol’s identity verification with Open Campus’s credentialing, enabling innovations in decentralized education, recruitment, and professional networking.

In addition to technical integration, Humanity Protocol will actively support Open Campus in its ongoing conversations with educational institutions. By providing expertise in decentralized identity and credentialing, Humanity Protocol will help Open Campus establish trust and drive adoption of its Achievements and Open Campus ID among schools, universities, and certification bodies.

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This collaboration strengthens the bridge between traditional education systems and the decentralized future. Humanity Protocol’s zkProofers will ensure that all verifications remain privacy-focused. Users will be able to prove their identities and credentials without exposing sensitive personal data, enabling secure and trustworthy interactions in education, governance, and professional contexts. By integrating these privacy-preserving solutions, the partnership ensures that credentials remain both secure and portable across ecosystems.

Terence Kwok, Founder and CEO of Humanity Protocol says: “Our partnership with Open Campus marks a significant milestone in integrating decentralized identity with education. By combining Proof of Humanity with Open Campus Achievements and Open Campus ID, we empower learners and educators to take control of their credentials in a way that is secure, interoperable, and privacy-focused. Humanity Protocol is also proud to support Open Campus in its ongoing conversations with educational institutions, helping to bridge Web3 innovation with traditional education systems.”

Jonah Lau, Head of Open Campus (EDU) and Portfolio Management, Animoca Brand says: “Collaborating with Humanity Protocol enhances the usability and security of Open Campus Achievements and IDs. By integrating with Proof of Humanity, we’re ensuring that learners and educators can seamlessly use their credentials across Web3, paving the way for a more interconnected and equitable decentralized education ecosystem. This partnership positions Open Campus as a leader in Web3 education innovation.”

 

The post Humanity Protocol and Open Campus Partner to Integrate Achievements and Interoperable Credentials for Decentralized Education appeared first on News, Events, Advertising Options.

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