The Block26 minutes ago

Published on February 21, 2024 16:00 GMT+00:00edited on February 21, 2024 16:04 GMT+00:00

Fuel Labs, the developer of the optimistic rollup project Fuel V1, today announced the evolution of the project into the “Rollup OS” ahead of its mainnet release in Q3 2024. The transition to an “operating system” is specifically aimed at addressing critical limitations in current rollup architectures on Ethereum, according to a statement.

With the mainnet launch later this year, Fuel will introduce a purpose-built virtual machine designed to improve performance for Ethereum rollups (developed using the platform) by enabling parallel transaction execution, allowing multiple transactions to be processed concurrently. In this way, it will compete with projects like Monad and Sei, which also offer EVM parallelization, though these competitors are alternate Layer 1 networks.

The project …