Fuse Network is the decentralized EVM-compatible public blockchain that powers the Fuse platform and ecosystem. It is fully compatible with Ethereum meaning that any smart contract that can be deployed on the latter can also run on top of Fuse Network.
The Fuse Network blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving consensus. The consensus is secured by a significant number of independent validators, only one of which is run by the Fuse Foundation.
Validators are also responsible for the most important type of governance on Fuse, namely, adopting the network protocol changes via Fuse Improvement Proposals (FIPs).
The native token of the network is called FUSE. New FUSE tokens are issued with every added block and are also used to pay for gas, just like Ether (ETH) on Ethereum.
The Fuse Network blockchain is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on Fuse is around 5 seconds, and it currently costs less than 1 cent to get a transaction confirmed.
Following the recent doubling of the block gas limit (to 20 million), the Fuse Network blockchain is capable of processing around 180 native token transfers per second.