Cryptocurrency Q&A
What is the BNB consensus mechanism?
What is the BNB consensus mechanism?
CryptoMystic
Sat Mar 08 2025
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6
answers
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The BNB consensus mechanism refers to the specific process used by the BNB Chain (formerly known as Binance Smart Chain) to achieve distributed agreement on the state of its ledger. This mechanism is crucial for ensuring the security, integrity, and reliability of transactions on the BNB Chain.
6 answers
Maria
Mon Mar 10 2025
However, the power is ultimately centralized among the elected validators, who are tasked with ensuring the smooth operation of the network.
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Davide
Mon Mar 10 2025
This mechanism allows individuals who stake a sufficient amount of BNB to play a crucial role in the network.
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TaekwondoMasterStrength
Mon Mar 10 2025
By staking BNB, users can qualify to become validators, responsible for verifying transactions and maintaining the integrity of the blockchain.
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CryptoElite
Mon Mar 10 2025
Alternatively, those who do not wish to become validators can delegate their votes to trusted validators.
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Rosalia
Mon Mar 10 2025
The consensus mechanism employed combines Delegated Proof of Stake (DPoS) with Proof of Staked Authority (PoA).
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