BSC employs a Proof-of-Stake consensus algorithm, known as Proof of Staked Authority (PoSA), enabling approximately 3-second block times and allowing participants to stake BNB and become validators.
Valid block introductions entitle participants to transaction fees from the included transactions, without any freshly-minted BNB block subsidy due to the non-inflationary nature of BNB. In fact, the BNB supply decreases over time through regular coin burning.
Binance Smart Chain (BSC) is designed as an independent yet complementary system to Binance Chain, employing a Dual-chain architecture for seamless asset transfers between blockchains. This enables fast trading on Binance Chain while facilitating the development of decentralized applications on BSC.
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