Fuse Network is redefining the landscape of decentralized finance (DeFi) as a Layer-1 blockchain. Here's a concise overview of what makes Fuse Network stand out:
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Fuse Network operates autonomously, eliminating the need for dependence on other blockchains for transaction finality.
Transactions on Fuse Network, once validated and added to the ledger, are irreversible, ensuring a high level of security.
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โขFuse Network seamlessly integrates with Ethereum's Virtual Machine (EVM), making it fully compatible with Ethereum's smart contracts.
โขThis compatibility extends to ERC20 and ERC721 standard-compatible contracts, requiring no code modifications when transitioning to Fuse Network.
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โขFuse Network is entirely open to the public, enabling anyone to participate without intermediaries.
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โขThe network employs a variant of delegated Proof of Stake (dPoS) for consensus.
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โขFUSE, the native token of Fuse Network, is used for gas fees, similar to ETH on Ethereum.
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โขFuse Network boasts an average block interval of around 5 seconds, guaranteeing swift transaction confirmations.
โขTransaction costs remain remarkably low, often less than 1 cent per transaction.
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โขWith a recent gas limit increase to 20 million, Fuse Network can process approximately 180 native token transfers per second.
In conclusion, Fuse Network fuses independence as a Layer-1 blockchain with seamless EVM compatibility. Its public accessibility, efficient consensus, and FUSE token utility make it the go-to platform for DeFi and smart contracts. With rapid confirmations and cost-effective transactions, Fuse Network is poised to empower developers and users in the blockchain ecosystem.
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