Fuego is a decentralized privacy banking network based on the CryptoNote protocol that enables users to securely store, transfer, & collateralize monetary value- privately, using XFG.
Built by advocates for freedom thru sound money, Fuego functions as a free & open source alternative to the old centralized banking model. Thru it's decentralized design, Fuego network is owned by it's users; not by any singular entity nor evil corp_oration, and is available online 24/7/365 to everyone of any race, gender, age, creed, or country of origin- free as a public tool for privacy & financial freedom.
Unique features of Fuego network include untraceable p2p messaging (up to 300 characters per message) 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.)
XF₲ (or Fire / Fuego / ₲ /🔥) is a privacy cryptocurrency and accounting units used within the blockchain ledger of the Fuego network. XFG is minted into the network thru block rewards and distributes to miners in exchange for their computational processing power, which secures the Fuego network blockchain using an ASIC-resistant proof of work consensus, approximately every 8 minutes.
All transactions in XFG are already private by default, much like cash or paper money is- but without the central banksters.
Unlike traditional fiat currencies issued by central banking cartels of the world, XF₲ can more accurately be defined as a form of hard money for its fixed, limited supply of 8 Million XF₲. And unlike even most PoW cryptocurrencies, Fuego is designed to thrive within a disinflationary ecosystem; incentived thru transaction fee markets & lottery-style block fees from deposits : COLD fees being a % rate of each XFG deposit amount (determined, along with interest rates, by DAO- and) paid to miners.
Fuego's Elder Council is a group of active & incredibly badass Fuego users and Elder Node* operators contributing to the furtherment of Fuego’s open-source network code development, and/or glorious ecosystem expansion of XF₲ (merchants, services, tools, etc)
(*) Elder Nodes are service nodes which earn a percentage for each txn they relay on the 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. We are able to break free from tyranny by choosing to use & accept decentralized (privacy) cryptocurrencies for our payments and purchases. In hoc signo vinces
