Fuel Mainnet Launches With Ethereum L2 Solution

According to BlockBeats, on October 16, Fuel Labs officially launched the Fuel mainnet. Fuel Labs introduced the Ethereum Layer 2 solution, Fuel Ignition, which aims to address the increasing centralization issues affecting the blockchain ecosystem by providing a scalable architecture. This architecture is designed to run on affordable consumer-grade hardware, making it accessible to everyone. Fuel Ignition is built on the Fuel Virtual Machine (FuelVM) and utilizes a UTXO-based, asset-centric architecture, offering security comparable to Ethereum.