Twitter | Search | |
Fuel Labs
⛽🌕🧱🔥 Today we’re launching Reddit Cash: a demo of Moons and Bricks running on a Fuel-powered Burner Wallet via optimistic rollups. Using Community Points at scale is now a reality, all while being trustless, permissionless, and decentralized
Posted in r/CryptoCurrency by u/dmihal • 3 points and 0 comments
Reddit Reddit @reddit
Reply Retweet Like More
Fuel Labs May 22
Replying to @reddit
👽🌕 A week ago, unveiled community points, special subreddit-specific tokens that exist on the Ethereum blockchain. Once created and given to users, they are unstoppable---users truly own them.
Reply Retweet Like
Fuel Labs May 22
Replying to @fuellabs_
🐌 However, the Ethereum chain can only scale so much on its own: 15 tps is pushing it to the limit, especially with token transfers that are gas-heavy and consume precious state. Enter: optimistic rollups!
Reply Retweet Like
Fuel Labs May 22
Replying to @fuellabs_
⛽ The Fuel rollup is the most scalable optimistic rollup in the world, designed and optimized for payments and exchanges, supporting hundreds of trustless, permissionless transactions per second, all without increasing the cost of running a full node.
Reply Retweet Like
Fuel Labs May 22
Replying to @fuellabs_
🦄 In addition to transfers, this demo also features an in-app one-touch Uniswap-style non-custodial off-chain exchange, where users can swap their Bricks and Moons trustlessly and efficiently within the Fuel v0 test network. (Yes, that’s a lot of hyphens!)
Reply Retweet Like
Fuel Labs May 22
Replying to @fuellabs_
🔀 This represents a whole new territory for non-custodial exchange (NCEX) technology powered by Fuel’s unique UTXO-based optimistic rollup chain. Scaling token transfers and exchanges (the two most gas-heavy operations on Ethereum) has arrived.
Reply Retweet Like
Fuel Labs May 22
Replying to @reddit
⛽👽 Combining Fuel with community points means users--all of them, together--can use their points on the blockchain faster and cheaper. The demo supports simple transfers (tips) and trading between Moons and Bricks, but more features will be added to our v1.0 release.
Reply Retweet Like
ChainLinkGod.eth May 22
The future is now!
Reply Retweet Like
ChainLinkGod.eth May 22
A quick question though, does Fuel work natively with meta-transactions? This is probably a requirement before Reddit considers this, users can't pay their own gas fees
Reply Retweet Like
ֆteven May 22
Replying to @fuellabs_ @reddit
Reply Retweet Like
David Mihal 🔥 May 22
Swap em for bricks!
Reply Retweet Like