![]() Parlia consensus engine will interact with a set of system contracts to achieve liveness slash, revenue distributing and validator set renewing func.The validator set change is relayed via a cross-chain communication mechanism.Validator set are elected in and out based on a staking based governance on BNB Beacon Chain.Validators take turns to produce blocks in a PoA manner, similar to Ethereum's Clique consensus engine.Blocks are produced by a limited set of validators.To combine DPoS and PoA for consensus, BNB Smart Chain implement a novel consensus engine called Parlia that: It increases the decentralization and favors community governance. Other blockchains, such as EOS and Cosmos both, introduce different types of Deputy Proof of Stake (DPoS) to allow the token holders to vote and elect the validator set. the nodes that take turns to produce blocks, have all the authorities and are prone to corruption and security attacks. Meanwhile, the PoA protocol is most criticized for being not as decentralized as PoW, as the validators, i.e. Proof-of-Authority(PoA) provides some defense to 51% attack, with improved efficiency and tolerance to certain levels of Byzantine players (malicious or hacked). ![]() Key features Proof of Staked AuthorityĪlthough Proof-of-Work (PoW) has been approved as a practical mechanism to implement a decentralized network, it is not friendly to the environment and also requires a large size of participants to maintain the security. As the native token, BNB will serve as both the gas of smart contract execution and tokens for staking. Distributed with on-chain governance: Proof of Staked Authority brings in decentralization and community participants.Interoperable: Comes with efficient native dual chain communication Optimized for scaling high-performance dApps that require fast and smooth user experience.EVM-compatible: Supports all the existing Ethereum tooling along with faster finality and cheaper transaction fees.A self-sovereign blockchain: Provides security and safety with elected validators.This dual-chain architecture will be ideal for users to take advantage of the fast trading on one side and build their decentralized apps on the other side. BNB Beacon Chain DEX remains a liquid venue of the exchange of assets on both chains. Relayers and on-chain contracts are developed to support that. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.Ĭross-chain transfer and other communication are possible due to native support of interoperability. The most bonded validator candidates of staking will become validators and produce blocks. ![]() So you may see many toolings, binaries and also docs are based on Ethereum ones, such as the name “geth”.īut from that baseline of EVM compatible, BNB Smart Chain introduces a system of 21 validators with Proof of Staked Authority (PoSA) consensus that can support short block time and lower fees. And to achieve that, the easiest solution is to develop based on go-ethereum fork, as we respect the great work of Ethereum very much.īNB Smart Chain starts its development based on go-ethereum fork. In order to embrace the existing popular community and advanced technology, it will bring huge benefits by staying compatible with all the existing smart contracts on Ethereum and Ethereum tooling. We believe that security and data privacy are the foundations of achieving mainstream cryptocurrency adoption.The goal of BNB Smart Chain is to bring programmability and interoperability to BNB Beacon Chain. Our commitment to our customers is built on trust. We believe that security and data privacy are the foundations of achieving mainstream cryptocurrency adoption.
0 Comments
Leave a Reply. |