What network is BGB on?

With the adoption of PoS, BGB holders can participate in validating transactions and securing the network, earning rewards in the process. This shift from traditional Proof of Work (PoW) to PoS not only reduces energy consumption but also democratizes access to network participation, making it more inclusive.

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Bitget Token, abbreviated as BGB, is a digital asset built upon the robust Ethereum blockchain infrastructure. Adhering to the widely adopted ERC-20 standard, BGB ensures seamless interoperability and integration within the vast Ethereum ecosystem.

The Ethereum network, being the backbone of BGB, utilizes an innovative consensus mechanism tailored to enhance efficiency and security. This mechanism, known as Proof of Stake (PoS), is a pivotal feature of the upcoming Ethereum 2.0 upgrade, aimed at transforming the network's architecture for scalability and sustainability.