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Reddit Cash Demo Launched by Fuel Labs

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Fuel Labs Announced The Launch Of Reddit Cash Demo
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  • According to the recent news by Reddit, an Ethereum sidechain Fuel team, Fuel Labs has announced the launch of a Reddit Cash demo.
  • Past week, Reddit introduced Community Points. These are a set of Ethereum ERC-20 tokens for the subreddits r/Cryptocurrency and r/FortniteBR, respectively.
  • The transactions in Fuel are faster, cheaper, and fully decentralized.

According to the recent news by Reddit, an Ethereum sidechain Fuel team, Fuel Labs has announced the Reddit Cash Demo Launch. This exclusive Burner Wallet utilizes an optimistic roll-up to increase the use of Reddit community points.

Reddit demo supports transactions and rewards

Past week, Reddit introduced Community Points. These are a set of Ethereum ERC-20 tokens for the subreddits r/Cryptocurrency and r/FortniteBR, respectively. However, they have transferred Moons tokens around 3000 times.

Moreover, the demo supports transactions, tip, and transfers. Specifically, the Reddit community members can transfer Moons and Bricks points to the Fuel side chain. Also, they can transfer Moons and Bricks points to other users at cheaper costs immediately. This is to achieve rewards.

Fuel the most optimistic rollup chain in the world

Fuel is an optimistic rollup, a permission-less side-chain, secured by the Ethereum network. The tokens can be moved by anyone, anywhere, and in and out of the Fuel chain. However, the maximum transaction of Fuel is over 350tps but will increase to approximately 500tps in Fuel v1.0.

The transactions in Fuel are faster, cheaper, and fully decentralized. Though, the Fuel rollup is specially optimized to increase transaction throughput without comparably increasing the cost of running a full node.

Furthermore, it is the most optimistic rollup chain in the world and aimed to allow the unique use case of Blockchains.

Besides this, Fuel revealed on Reddit saying combating Fuel with Reddit community points means users can together use their points on the blockchain faster and cheaper.

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