The Sway language is a DSL language for the Fuel blockchain VM. Fuel Labs is a startup that aims to speed up cryptocurrency transactions. Currently, many Layer 1 blockchains are gaining popularity and attracting significant investment. Despite this trend, Fuel offers a different approach to solving blockchain problems. It was conceived as a Layer 2 scaling technology and was the first optimistic rollup to launch on Ethereum in late 2020.
Now with dozens of engineers working on the project, it is billing itself as a "modular execution layer", similar to other layer two protocols. Among the advantages of the technology is smoother execution, which is achieved without compromising the decentralization and security of Ethereum.
The developers of the project define MEL as a computing system designed for a modular blockchain stack and verifiable. In their opinion, while Ethereum scaling solutions such as optimistic and zero-knowledge rollups provide some cost savings for cryptocurrency users, the increase in throughput leaves much to be desired.
The creators emphasize three key characteristics of their project: improving the developer experience with their original coding language, their own virtual machine, and the ability to perform parallel transactions.
The project does not seek to create a new network, but tries to create solutions that increase the decentralization, security and capacity of existing blockchains.
