🪴 Nishanth Gobi

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BSC chain

BSC chain

May 15, 2024, 1 min read

  • #zettel
  • #lit
  • BNB Smart Chain (Binance Smart Chain) is a chain similar to Ethereum but offers faster and cheaper transactions
  • BSC is centralised!
    • The miners in BSC have to be preapproved!
    • BSC under PoSA has 21 miners.
    • The 21 network-validators are the largest active stakers of BNB
    • They are re-elected everyday by staking governance
  • Token: BNB

Refs §

  1. https://cointelegraph.com/learn/binance-smart-chain-vs-ethereum-differences-explained

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