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Fuse Network is a Layer-1 (L1) EVM-compatible public blockchain that powers the Fuse platform. It was launched in September 2019 and is designed for entrepreneurs and organizations looking to experiment, launch, and scale Web3 apps and integrate crypto payments. Fuse Network is fully compatible with Ethereum, allowing any smart contract deployed on Ethereum to also run on Fuse Network. The blockchain achieves consensus through a variant of delegated Proof of Stake (dPoS) and is secured by a significant number of independent validators, including the Fuse Foundation. Validators are responsible for the governance of Fuse Network, adopting network protocol changes through Fuse Improvement Proposals (FIPs). The native token of the network is called FUSE, which is issued with every added block and used for gas payments, similar to Ether (ETH) on Ethereum. The average block interval on Fuse is approximately 5 seconds, with an average transaction fee of less than 0.005 FUSE. With the recent doubling of the block gas limit to 20 million, the Fuse Network blockchain can process around 180 native token transfers per second.
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What is Fuse Network?
Fuse Network is a decentralized EVM-compatible public blockchain that powers the Fuse platform and ecosystem. It is fully compatible with Ethereum, allowing any smart contract deployed on Ethereum to also run on Fuse Network.
Fuse Network uses a variant of delegated Proof of Stake (dPoS) for achieving consensus. Consensus is secured by a significant number of independent validators, with only one operated by the Fuse core team.
Validators are responsible for important governance on Fuse, including adopting network protocol changes through Fuse Improvement Proposals (FIPs).
The native token of the network is called FUSE. New FUSE tokens are issued with every added block and are used to pay for gas, similar to ETH on Ethereum.
Fuse Network is designed for fast block confirmation times and low transaction costs. The average block interval on Fuse is around 5 seconds, and transaction fees are currently less than $0.01.
Currently, the Fuse Network blockchain can process approximately 120 native token transfers and 60 ERC20 token transfers per second. Native token transfers are faster as they do not require computations on the network's virtual machine.
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