Why🐽PEPA chooses to build on Fuel⚡?
What is Fuel ?⚡
Fuel is the fastest modular execution layer, which delivers the highest security and flexible throughput, with a focus on a superior developer experience.
Here’s how Fuel does it:
- Parallel transaction execution
Fuel delivers unmatched processing capacity through its ability to execute transactions in parallel by using strict state access lists in the form of an Unspent Transaction Output (UTXO) model. This enables Fuel to use far more threads and cores of your CPU that are typically idle in single-threaded blockchains. As a result, Fuel can deliver far more compute, state accesses, and transactional throughput than its single-threaded counterparts. Therefore, being built on Fuel, PEPA market will inherit the parallel execution capability and provide users a high-throughput DeFi execution environment. We believe our products will be developed in a way that it can process transactions at a daunting speed (using parallel computing) while delivering maximum security as fuel does.
- Fuel Virtual Machine (FuelVM)
The Fuel Virtual Machine (FuelVM), built for performance, security, and productivity, is designed for executing smart contracts on the Fuel blockchain. Sharing the vision of high performance and security with Fuel blockchain, FuelVM allows the user to interact with smart contracts quickly and with minimal impact on the overall network performance. It also includes various safety checks and measures to prevent common types of attacks such as reentrancy, denial-of-service (DoS), etc.
- Sway Language
Developer-friendly: Sway is designed to be more human-readable and less verbose than Solidity, making it easier for developers to understand and write smart contracts.
Greater flexibility: Sway supports a wide range of programming paradigms, including imperative, functional, and logic programming, which allows developers to use the paradigm that best fits their needs.
Why PEPA chooses Fuel?🐽
Decentralized applications that execute time-sensitive operations need to process a large number of transaction orders. Dapps, such as DEX and lending protocols platforms, are especially sensitive to the throughput speed of the network which they are deployed on. As PEPA aims to become the fastest and most stable destination of all decentralized exchanges, Fuel network’s parallel-processing capability of processing multiple transactions concurrently, thanks to the massive parallel execution allowed on FuelVM, becomes extremely crucial. Here we summarize 6 benefits brought by the daunting transaction processing speed offered by the Fuel network🎁:
⚡Reduced confirmation waiting time for transaction completion, which reduces execution risks and improves the overall experience for of DeFi user
⚡Lower transaction costs, gas fees, and DEX operating costs
⚡Better reliability and uptime under stress due to Fuel’s parallel execution model
⚡Increasing security compared to Ethereum given by the Unspent Transaction Output (UTXO) model
⚡Smooth developing experience as the Fuel network is built using the Sway language, a domain-specific language based on Rust, which many Web3 developers are already familiar with
⚡Modular design of Fuel Network creates possibilities for PEPA to thrive in the multi-chain and cross-chain future. The new concept of blockchain modularity, proposed by the founders of Fuel and Celestia, is a trendy topic among capital and market nowadays. PEPA sees the modular future and believes it has infinite potential towards the next bull market.
🐽Oink 'ed by Galo/Christine/JOJO
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