Fuse Network recently announced the launch of the Consensus Contract on the Flash Testnet network, as it aims to enhance the network’s capabilities, stability, and decentralization. The platform is introducing several key updates, including a new maximum stake requirement for validators, a deflationary token model, and the integration of Polygon’s Chain Development Kit (CDK) to boost scalability, security, and interoperability.
The transition to a ZK-powered Layer-2 (L2) network using Polygon CDK is expected to significantly improve the network’s scalability, security, and interoperability. This move aligns with Fuse’s strategy to become a modular blockchain supporting new financial models and business use cases in Web3. The platform aims to launch its mainnet in Q4 2024, with key improvements such as a ZK Layer-2 network leveraging Polygon CDK to create an Ethereum-based Zero Knowledge (ZK) network.
In addition to the technical upgrades, Fuse is also upgrading its consensus mechanism by capping the maximum supply of FUSE tokens, adopting a deflationary token model, and setting a new maximum stake requirement for validators. These changes are designed to increase token demand and long-term value for community members while supporting the migration to L2. The deflationary token model will stabilize exchanges for businesses and consumers in need of Web3 financing and help stabilize FUSE prices, benefiting all stakeholders.
As part of its upgrade plans, Fuse is also migrating from Open Ethereum to Nethermind to boost performance, improve security, and stabilize transaction fees. Nethermind brings critical new Ethereum Improvement Proposals (EIPs) to protect against potential vulnerabilities and enhance the overall network security. This transition is expected to further strengthen Fuse Network and provide a more secure and reliable platform for users.
Fuse’s phased testnet adjustments, including ZK rollup deployment, L1 <> L2 integration, and migration to ZK Validium, aim to enhance user experiences by increasing transactions per second (TPS) throughput and facilitating decentralized validation. The platform also aims to forge strategic partnerships to drive blockchain adoption for businesses and promote the growth of the Fuse ecosystem. With these upgrades and improvements, Fuse Network is poised to become a leading player in the Web3 space and provide a secure and efficient platform for decentralized applications and financial services.
