The BNB Chain is an EVM compatible chain that uses the Proof of Staked Authority consensus mechanism (PoSA) posed as a solution to bring programmability and interoperability to the Binance Chain. PoSA can be seen as a hybrid between Proof of Stake and Proof of Authority mechanism. Read more about PoSA here.
The BNB Chain relies on a network of 21 validators, via the PoSA system ensuring that the most bonded validator candidates of staking, become active validators and produce blocks.
In order to guarantee security, stability, and chain finality, BNB Chain uses double-sign detection and other slashing mechanisms similar to that found in other chains, but with a high degree of penalty, based on the small size of the validator set. In essence, BNB Chain combines EVM-compatibility and the fast transaction times of the PoSA to deliver a favorable interoperability solution.
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