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FUSE

Fuse Network a Layer-1 (L1) EVM-compatible public blockchain powering the Fuse platform.

Launched in September 2019, Fuse is designed for entrepreneurs and organizations that want to experiment, launch and scale Web3 apps and integrate crypto payments.

Fuse Network is fully compatible with Ethereum, meaning that any smart contract deployed on the latter can also run on top of the 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 Fuse Network's governance: 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 used to pay for gas, like Ether (ETH) on Ethereum. For more information about issuing new tokens, please refer to the tokenomics section.

The average block interval on Fuse is around 5 seconds with an average txn fee of <0.005 FUSE.

Following the recent doubling of the block gas limit (to 20 million), the Fuse Network blockchain can process around 180 native token transfers per second.