How Binance Smart Chain (BSC) works?
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How Binance Smart Chain (BSC) works?
Consensus 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,…