RATE Group | Fuel Labs has a plan to scale Ethereum today, and it’s almost ready
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Fuel Labs has a plan to scale Ethereum today, and it’s almost ready

23 Oct Fuel Labs has a plan to scale Ethereum today, and it’s almost ready

Posted at 19:08h in Ethereum News by

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Fuel Labs has unveiled Fuel, an alternative scaling solution for Ethereum, the second largest blockchain platform, in a blog post yesterday. The project is expected to go live on mainnet soon, following security audits to make sure it’s safe.

Fuel Labs is a non-profit organization built by a small group of Ethereum programmers. For the past two months, it’s been quietly working on Fuel, which is largely based on a research paper by ConsenSys researcher John Adler (ConsenSys funds an editorially independent Decrypt).

The blog post states, “After a few in-depth conversations, we began working hard to put together a realistic Ethereum scaling implementation that could solve a single problem: sustainably scalable, cheap, and reliable stablecoin payments on Ethereum: Fuel.”

The team’s own conservative estimates claim that Fuel could make Ethereum transaction five times cheaper. On top of this, it estimates that it could increase the number of transactions that Ethereum can handle…

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