Flag Doc
  • Summary
  • DOCUMENTATION
    • Learn about the Flag Platform
      • Flag Overview: vision, strategy and platform components
      • The Flag Blockchain
        • Discovering the Network
        • Flag Consensus
        • Delegation through Staking with Validators
        • Ethereum (EVM) Compatibility and Smart Contracts
        • Boosting Flag's Scalability
      • Flag Coin (FLAG)
        • FLAG Tokenomics
        • Exchanges, Wallets, On-Ramps and DeFi Tools Supporting FLAG
        • FLAG on Other Chains
      • Interoperability
      • Flag Governance and Development
        • Flag Assembly
        • Flag Improvement Proposals (FIPs)
      • Wallets supporting Flag
    • Flag for Business
    • Things you can do on Flag
      • Interacting with the Flag Blockchain
      • Flag Ecosystem
      • Community
      • Grants and Bounties
  • Developers
    • Network Details
      • Flag Mainnet
      • Flag Testnet
      • Token Faucets
      • Network Upgrades
        • Upgrade Guide
        • Upgrade Guide (explorer nodes)
        • Block 13,800,000 Fork
        • FIP's
    • Flag Consensus
      • Contracts Overview
      • Stake, Delegate and Withdraw
      • Vote
      • End-of-Cycle Flow
      • Contract Addresses
    • How to run network nodes
    • Resources & Tools
      • TheGraph
      • WalletConnect on Flag
    • Important smart contracts
      • Flag Token
      • Major Deployed Contracts
      • Bridges
        • Ethereum ↔ Flag FLG20 Tokens
        • BSC ↔ Flag BNB
        • BSC ↔ Flag Native
        • BSC ↔ Flag FLG20
        • Ethereum ↔ Flag Native
    • How to become a validator
      • Getting started as a validator
      • Getting started as on the Flag testnet
  • Links
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  1. DOCUMENTATION
  2. Learn about the Flag Platform

The Flag Blockchain

PreviousFlag Overview: vision, strategy and platform componentsNextDiscovering the Network

Last updated 11 months ago

Network Overview and Key Metrics

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

The Flag blockchain uses a variant of delegated Proof of Stake (dPoS) for achieving . The consensus is secured by a number of independent validators, across different servers globally.

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

The native coin of the network is called FLAG. FLAG coins are use to pay for gas, just like ETH on Ethereum.

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

In its present capacity, the Flag blockchain is capable of processing around 120 native coin transfers and 60 FLG20 token transfers per second. The faster processing of transfers is due to far less network congestion and the innovations within the blockchain.

consensus
Flag Improvement Proposals