Eram Docs
  • Summary
  • DOCUMENTATION
    • Learn about the Eram Platform
      • Eram Overview: vision, strategy and platform components
      • The Eram Blockchain
        • Discovering the Network
        • Eram Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting Eram's Scalability
      • Eram Token (ERAM)
        • ERAM Tokenomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting ERAM
        • ERAM on Other Chains
      • Interoperability
      • Eram Governance and Development
        • Eram Assembly
        • Eram Improvement Proposals (FIPs)
      • Wallets supporting Eram
    • Eram for Business
    • Things you can do on Eram
      • Interacting with the Eram Blockchain
      • Eram Ecosystem
      • Community
      • Grants and Bounties
    • Eram Mobile Infrastructure Use Cases
  • Developers
    • Network Details
      • Eram Mainnet
      • Eram Testnet Spark
      • Token Faucets
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • FIP's
    • Eram Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • TheGraph
      • WalletConnect on Eram
    • Important smart contracts
      • Eram Token
      • Eram Dollar
      • Major Deployed Contracts
      • Bridges
        • Ethereum ↔ Eram GoodDollar Token
        • Ethereum ↔ Eram ERM20 Tokens
        • BSC ↔ Eram BNB
        • BSC ↔ Eram Native
        • BSC ↔ Eram ERM20
        • Ethereum ↔ Eram Native
    • How to become a validator
      • Getting started as a validator
      • Getting started as on the Eram testnet
  • Links
    • Discord
    • Facebook
    • GitHub
    • LinkedIn
    • Medium
    • Telegram
    • Twitter
    • YouTube
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  1. DOCUMENTATION
  2. Learn about the Eram Platform

The Eram Blockchain

PreviousEram Overview: vision, strategy and platform componentsNextDiscovering the Network

Last updated 11 months ago

Network Overview and Key Metrics

Eram is the decentralized EVM-compatible public blockchain that powers the Eram 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 Eram.

The Eram 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 Eram core team.

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

The native token of the network is called ERAM. New ERAM tokens are issued with every added block and are also use to pay for gas, just like ETH on Ethereum.

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

In its present capacity, the Eram blockchain is capable of processing around 120 native token transfers and 60 ERM20 token transfers per second. The faster processing of native token transfers is due to the fact that they do not involve computations run on the network's virtual machine.

consensus
Eram Improvement Proposals