Cryptocurrency Q&A
Is BSC a fork of ETH?
Is BSC a fork of ETH?
KatanaGlory
Mon Nov 11 2024
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7 answers
1369
I'm curious about the relationship between BSC and ETH. Specifically, I want to know if BSC is considered a fork of ETH. Are they related in this way, or are they completely separate entities?
7 answers
CryptoWanderer
Wed Nov 13 2024
This innovative blockchain platform employs a unique consensus mechanism called Proof of Staked Authority (PoSA).
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CoinPrince
Wed Nov 13 2024
As a reward for their contributions, these validators receive Binance's native token, BNB.
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DavidLee
Wed Nov 13 2024
PoSA is distinct from traditional Proof of Stake (PoS) systems, incorporating elements of authority and stake to ensure network security and efficiency.
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Giulia
Wed Nov 13 2024
In the PoSA mechanism, a select group of 21 validators are responsible for producing new blocks on the BSC chain.
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WhisperEcho
Wed Nov 13 2024
These validators are chosen based on their stake and reputation within the Binance ecosystem, ensuring that only reliable and trustworthy nodes participate in the consensus process.
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