BNB (BNB) is a Utility crypto coin. BNB`s origin block was generated on 2017-07-25. More information can be found at https://bnbchain.org/en.
Key Technical Advantages:
BSC is designed as a standalone blockchain with Ethereum compatibility, allowing most existing dApps, ecosystem components, and toolings to work with it, requiring minimal or no changes.
BSC employs a staking-based consensus and governance system for better network performance and flexibility and supports native cross-chain communication between Beacon Chain and BSC for seamless asset movement.
BSC aims for a shorter blocking time and faster transaction finality than Ethereum, with BNB as the token used for staking and rewards collected from transaction fees.
Staking and Governance: Token holders can bond and delegate tokens to validators or validator candidates, with validators ranked by the number of bonded tokens and sharing rewards with delegators.
Slashing: Ensures malicious or negative behaviors are punished through on-chain governance, with two slashable cases (Double Sign and Inavailability) potentially causing validators and their delegators to lose staking rewards.
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