# The MFEV Blockchain ## Network Overview and Key Metrics MFEV Network is the decentralized EVM-compatible public blockchain that powers the MFEV Network 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 MFEV Network . The MFEV Blockchain uses a variant of Proof of Distribution (POD) to achieve consensus and is secured by a significant number of independent validators, only one of which is run by the MFEV Network core team. Validators are also responsible for the most important type of governance on MFEV Network , namely, adopting the network protocol changes. The native coin of the network is called MFEV. New MFEV Coin are issued with every added block and are also used to pay for gas, just like ETH on Ethereum. The MFEV Network is designed to ensure fast block confirmation times and a low cost of transactions. The average block interval on MFEV Network is around 5 seconds, and it currently costs much less than $0.01 to get a transaction confirmed. In its present capacity, the MFEV Network is capable of processing around 120 MFEV Coin transfers and 60 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://mfev.gitbook.io/mfev-docs/general/learn-about-the-mfev-platform/mfev-blockchain.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.