Primal Docs
  • Summary
  • DOCUMENTATION
    • Learn about the Primal Platform
      • Primal Overview: vision, strategy and platform components
      • The Primal Blockchain
        • Discovering the Network
        • Primal Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting Primal's Scalability
      • Primal Coin (PRM)
        • PRM Coinomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting PRM
        • PRM on Other Chains
      • Interoperability
      • Primal Governance and Development
        • Primal Assembly
        • Primal Improvement Proposals (PIPs)
      • Wallets supporting Primal
    • Primal for Business
    • Things you can do on Primal
      • Interacting with the Primal Blockchain
      • Primal Ecosystem
      • Community
      • Grants and Bounties
    • Primal Mobile Infrastructure Use Cases
  • Developers
    • Network Details
      • Primal Mainnet
      • Primal Testnet
      • Coin Faucets
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • PIP
    • Primal Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • TheGraph
      • WalletConnect on Primal
    • Important smart contracts
      • Primal Coin
      • Primal Dollar
      • Major Deployed Contracts
      • Bridges
        • Ethereum ↔ Primal Dollar Token
        • Ethereum ↔ Primal TL20 Tokens
        • BSC ↔ Primal BNB
        • BSC ↔ Primal Native
        • BSC ↔ Primal TL20
        • Ethereum ↔ Primal Native
    • How to become a validator
      • Getting started as a validator
      • Getting started as on the Primal testnet
  • Links
    • Discord
    • Facebook
    • GitHub
    • LinkedIn
    • Medium
    • Telegram
    • Twitter
    • Instagram
    • YouTube
Powered by GitBook
On this page
  1. DOCUMENTATION
  2. Learn about the Primal Platform

The Primal Blockchain

PreviousPrimal Overview: vision, strategy and platform componentsNextDiscovering the Network

Last updated 2 years ago

Network Overview and Key Metrics

Primal is the decentralised EVM-compatible public blockchain that powers the Primal platform and ecosystem. It is fully compatible with Ethereum and all EVM-compatible blockchains, meaning that any smart contract that can be deployed on the latter can also run on top of Primal.

The Primal blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving . The consensus is secured by a significant number of independent validators, only one of which is run by the Primal core team.

Validators are also responsible for the most important type of governance on Primal, namely, adopting the network protocol changes via (PIPs).

The native coin of the network is called PRM. New PRM coins are issued with every added block and are also used to pay for gas, just like ETH on Ethereum.

The Primal blockchain is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on Primal is around 5 seconds, and it currently costs much less than $0.01 to get a transaction confirmed.

In its present capacity, the Primal blockchain is capable of processing around 120 native coin transfers and 60 TL20 token transfers per second. The faster processing of native coin transfers is due to the fact that they do not involve computations run on the network's virtual machine.

consensus
Primal Improvement Proposals