BNB

SpecificationsDetails
Platform (underlying architecture)Layer 1
Consensus AlgorithmProof-of-Staked Authority (PoSA)
EcosystemBNB Chain
TokenBNB
Native Token Ticker$BNB
Smallest UnitJager (1 BNB = 10^8 Jagers)
ARR or APY~6%
Max Supply200M
Delegation Requirements (Min-Max)Minimum - 1 BNB
Maximum - No limit
Stake Activation Period1 Epoch
Reward Distribution PeriodEvery epoch (Every day at UTC 00:00)
CompoundingManual
Compounding FrequencyCan be redelegated as rewards earned
Unbonding Period7 days start from the next UTC 00:00
Lockup PeriodNone
Penalties and SlashingYes
Burn MechanismBNB 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 Requirement2000 BNB (Only the top 45 highest-stake nodes are chosen to be part of the active validator set)
Inflation
Validator Set DiversityBNB 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 MechanismOn-chain governance
Smart Contract SupportYes
Smart Contract Programming LanguageSolidity
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 FaucetTestnet faucet and others
Figment’s Public Validator Addressbva1ra94sse7s6styug74ejjgwpqmzc8hdx0ttwe3g
Figment Staking GuideHERE
Figment Supported MEV RelaybloXroute
Recommended Wallet(s)Ledger, Binance Wallet
CoinGecko Profilehttps://www.coingecko.com/en/coins/bnb

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