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What Is PoSA Consensus? The Bold Tradeoff Between Speed And Decentralization
Why can BNB Chain process thousands of transactions per second for less than the cost of a cup of tea, while Ethereum historically remained slow and expensive? The secret lies in a controversial yet highly effective hybrid consensus mechanism: Proof of Staked Authority (PoSA).
🔸 PoSA is the offspring of Delegated Proof of Stake (DPoS) and Proof of Authority (PoA). It allows the community to stake (DPoS) to elect validators, but the power to validate blocks rests in the hands of a small group with known identities (PoA).
🔸 Unlike the Ethereum network with hundreds of thousands of Validators, BNB Smart Chain limits itself to only 21 Active Validators per epoch. This small number allows for ultra fast data synchronization, enabling a Block time of just 3 seconds.
🔸 In blockchain, you cannot achieve Decentralization, Security, and Scalability simultaneously. BNB Chain chose a bold move: Accepting the sacrifice of some Decentralization to maximize Scalability and user experience.
In the fierce Web3 race, do end users truly care about the ideal of absolute decentralization, or do they just need a platform that is good enough: Cheap, fast, and never congested?
News is for reference, not investment advice. Please read carefully before making a decision.
🔸 PoSA is the offspring of Delegated Proof of Stake (DPoS) and Proof of Authority (PoA). It allows the community to stake (DPoS) to elect validators, but the power to validate blocks rests in the hands of a small group with known identities (PoA).
🔸 Unlike the Ethereum network with hundreds of thousands of Validators, BNB Smart Chain limits itself to only 21 Active Validators per epoch. This small number allows for ultra fast data synchronization, enabling a Block time of just 3 seconds.
🔸 In blockchain, you cannot achieve Decentralization, Security, and Scalability simultaneously. BNB Chain chose a bold move: Accepting the sacrifice of some Decentralization to maximize Scalability and user experience.
In the fierce Web3 race, do end users truly care about the ideal of absolute decentralization, or do they just need a platform that is good enough: Cheap, fast, and never congested?
News is for reference, not investment advice. Please read carefully before making a decision.
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