The SRI Blockchain

Network Overview and Key Metrics

Media Block Network Coin is the decentralized EVM-compatible public blockchain that powers the Media Block Network Coin 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 Media Block Network Coin.

The Media Block Network Coin 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 Media Block Network Coin core team.

Validators are also responsible for the most important type of governance on Media Block Network Coin, namely, adopting the network protocol changes.

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

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

In its present capacity, the Media Block Network Coin blockchain is capable of processing around 120 native token transfers and 60 Media Block Network20 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.