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About Fuse
- Fuse Network: a Layer-1 (L1) EVM-compatible public blockchain
- Launched in September 2019
- Designed for entrepreneurs and organizations to experiment, launch, and scale Web3 apps and integrate crypto payments
- Fully compatible with Ethereum
- Consensus achieved through delegated Proof of Stake (dPoS)
- Validators responsible for governance through Fuse Improvement Proposals (FIPs)
- Native token: FUSE
- New FUSE tokens issued with every added block, used to pay for gas
- Average block interval: 5 seconds
- Average txn fee: <0
About Fuse: Empowering a New Era of Decentralized Finance
Fuse Network is a Layer-1 (L1) EVM-compatible public blockchain, serving as the foundational infrastructure that empowers the Fuse platform.
Launched in September 2019, Fuse is a pioneering platform tailored to empower entrepreneurs and organizations seeking to experiment, deploy, and scale innovative Web3 applications, while seamlessly integrating crypto payments.
Fuse Network boasts seamless compatibility with Ethereum, enabling the effortless deployment of any smart contract initially designed for the latter, which can now be effortlessly replicated on the Fuse Network.
The Fuse Network blockchain employs a modified delegated Proof of Stake (dPoS) consensus algorithm, ensuring the integrity of the network through a diverse array of independent validators, with only one node operated by the Fuse Foundation.
Validators also bear the responsibility of governing the Fuse Network, wherein they oversee the adoption of network protocol amendments through the implementation of Fuse Improvement Proposals (FIPs).
The native cryptocurrency of the network is denominated as FUSE. With each newly minted block, a fresh allocation of FUSE tokens is issued, serving as a medium of exchange to settle gas fees, analogous to the role of Ether (ETH) on the Ethereum network. For a more in-depth exploration of token issuance, kindly refer to the tokenomics section.
The average block interval on Fuse is approximately 5 seconds, accompanied by an average transaction fee of less than 0.005 FUSE.
In the wake of the recent block gas limit doubling to 20 million, the Fuse Network blockchain has witnessed a significant surge in its processing capacity, now capable of handling approximately 180 native token transfers per second.