The Primal Blockchain

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 consensus. 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 Primal Improvement Proposals (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.