On the road to becoming a dominant force in Web3 payments, we have released Fuse 2.0 and an updated White Paper introducing the concept of Power Validators and Operators in the Fuse Network. In addition, we’ll soon release a new technical roadmap.
In line with our vision, we’ve applied a fresh coat of paint to Fuse branding to embody our commitment to innovation, trust, and security. This new look sets the stage for the future of our network, and there’s much more to come.
Check out the new White Paper, website, and branding, and watch the live stream below with CEO Mark Smargon to get a taste of what’s in store for Fuse Network.
Get ready to join us on this exciting journey as we strive to bring about a brighter financial future for all.
Scaling crypto adoption with everyday payments
Introducing the concept of Power Validators and Operators in the Fuse vision, Smargon highlights how this structure can drive long-term growth and provide decentralized, scalable Web3 business infrastructure that is easy to navigate and build.
The new structure divides the network into three layers served by merchants, Operators, and validators.
The consumer layer consists of merchants building Web3 applications for their end users using the Fuse tech stack, specifically the Charge platform. Here, fee abstraction is a powerful tool to remove complex blockchain actions and give users a similar experience to what they are used to with Web2 finance apps like Venmo or Revolut.
To do that, transactions are processed, and Operators pay fees, not end users. This forms the business layer and, ultimately, the layer that can drive the mass adoption of crypto through regular Web3 payments.
The final piece of the puzzle is Power Validators. They supply the services Operators require to build functioning Web3 apps such as node infrastructure and oracles. The Operators purchase these services to resell them to their customers, filling the demand side.
One Operator already showcasing the power of the Fuse tech stack is Bitazza, with the Freedom Wallet being the centerpiece of the value proposition. The Freedom Wallet is a mobile wallet running on Fuse Network, built using Charge’s API, already used to fuel everyday crypto payments for several small to medium-sized businesses in Southeast Asia.
Fuse firmly believes the new approach can emphasize Operators like Bitazza, drive the next wave of adoption, and get crypto into the hands of new users without the speculative qualities. At the same time, it helps small to medium businesses become more competitive in the global economy.
