BNB
Specifications | Details |
|---|---|
Platform (underlying architecture) | Layer 1 |
Consensus Algorithm | |
Ecosystem | BNB Chain |
Token | BNB |
Native Token Ticker | $BNB |
Smallest Unit | Jager (1 BNB = 10^8 Jagers) |
ARR or APY | ~6% |
Max Supply | 200M |
Delegation Requirements (Min-Max) | Minimum - 1 BNB Maximum - No limit |
Stake Activation Period | 1 Epoch |
Reward Distribution Period | Every epoch (Every day at UTC 00:00) |
Compounding | Manual |
Compounding Frequency | Can be redelegated as rewards earned |
Unbonding Period | 7 days start from the next UTC 00:00 |
Lockup Period | None |
Penalties and Slashing | Yes |
Burn Mechanism | BNB uses a real-time auto-burning mechanism as introduced in BEP95. A fixed ratio of the gas fee collected is burned in each block, with the ratio decided by BSC validators. Check bnbburn.info to know the stats. |
Validator Self-Bond Requirement | 2000 BNB (Only the top 45 highest-stake nodes are chosen to be part of the active validator set) |
Inflation | |
Validator Set Diversity | BNB Chain validator set comprises 55 validators (21 Cabinets, 24 Candidates) with Proof of Staked Authority (PoSA) consensus. The most bonded staking candidates are considered active validators (Max 45). In addition to 45 active validators (21 Cabinets and 24 Candidates), BSC includes 10 inactive validators. |
Governance Mechanism | On-chain governance |
Smart Contract Support | Yes |
Smart Contract Programming Language | Solidity |
Cross-chain Compatibility (Interoperability) | Yes |
TPS (Transaction Throughput) | ~100 TPS (~2000 TPS max) |
Transaction Finality | ~3.75s |
Link to Explorer(s) | https://bscscan.com/, https://bsctrace.com/ , https://explorer.bitquery.io/bsc |
Testnet Faucet | Testnet faucet and others |
Figment’s Public Validator Address |
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Figment Staking Guide | |
Figment Supported MEV Relay | bloXroute |
Recommended Wallet(s) | Ledger, Binance Wallet |
CoinGecko Profile |
Updated 3 days ago