Fuego is a p2p decentralized layer-1 privacy blockchain banking network based on the CryptoNote protocol, that enables value within the network to inherit sound money properties, and benefits of modern privacy banking like secure storage of savings, unstoppable peer-to-peer payments & transfers, zero-knowledge collateralization with zkSTARKs, & access to high-tier interest offers on XFG deposit yield. Built by advocates for freedom thru sound money, Fuego functions as a free & open source alternative to the centralized banking model. Thru it's decentralized design, the Fuego L1 network is owned by no 'one' person- no singular entity, no corrupt government, nor evil corp_oration- but by it's users. Fuego is freely available online 24/7/365 to anyone- worldwide, as a public tool for privacy & financial freedom.
Unique features of Fuego include ultra-secure p2p wallet messaging as well as, time-locked (3 month standard) on-chain deposits, also known as COLD: an initiative to earn (defi) interest on $XFG Certificate Of Ledger Deposit yield. (alpha version available, with zk-deposit proofs and automated interest redemption expected in 2025.)
XFG (or ₲ /🔥) is a privacy cryptocurrency and accounting units (ħeat) used within Fuego network's blockchain ledger. XFG is minted into existance by block rewards and distributed to miners in exchange for computational processing power to secure the Fuego blockchain using ASIC-resistant proof of work consensus, approximately every 8 minutes. Each XFG is divisible up to 7 decimal places, and just like USD cents or BTC sats- XFG can be referenced down to singular atomic units called ħeat
All transactions in XFG are already private by default, much like cash & paper money is- but without the central banksters. [insert brrr meme]
Unlike traditional fiat currencies issued by central banking cartels of the world, XF₲ is more accurately defined as a form of hard money for its fixed, yet dynamic money supply of 8 Million XF₲. And unlike even most PoW cryptocurrencies, Fuego is designed to thrive within a disinflationary ecosystem; incentived thru XFG transaction fees, C0DL3 gas fees, & lottery-style block fees from certificates of deposit transactions: COLD fees being a % rate of each XFG deposit amount (determined, along with interest rates, by DAO- and) paid to miners.
Fuego's Ξlder Council is a group of active & incredibly badass Fuego users and/or Eldernode* operators contributing to the development of USEXFG's open-source code repositories, and/or expansion of the XF₲ ecosystem (merchants, services, tools, etc)
(*) Eldernodes are service nodes which earn a percentage for each txn they relay on Fuego network. For more info and a list of tutorials, see & contribute to our Guides section.
Fuego exists only because of open-source contributions and regular people like you & I running free (as in freedom) software on our machines. Whether it be an act of altruism, rebellion, or an act of freedom- our action is what matters. One could even escape the clutches of tyranny (were conditions as such) simply by routinely choosing to accept payment in PRIVATE (decentralized) cryptocurrencies for any PEER-based commerce already happening throughout the normal, everyday human to human interactions in life . In hoc signo vinces
