3.1 PBIE Blockchain Protocol
Blockchain Protocol
Last updated
Blockchain Protocol
Last updated
PBIE Platform introduced BNB Chain (Binance Chain). BNB Chain is optimized for early fast trading. However, from a programming point of view, it was less flexible than other blockchain, and BNB Smart Chain was released to compensate for these disadvantages. BNB Smart Chain is a new blockchain with all the functions for developing high - performance decentralized applications. BNB Chain and Cross Chain are built for compatibility, and users can benefit both Blockchain. BNB Smart Chain (BSC) is the best description of Blockchain, which runs in parallel with BNB Chain (BC). Unlike BNB Chain, BNB Smart Chain is compatible with Smart Contract function and Ethereum virtual machine (EVML Initially, the design purpose of the BNB Smart Chain was to introduce a Smart contract in the ecosystem by maintaining the high throughput of the BNB Chain, and the current BNB Smart Chain (PBIE) is integrated into BNB Chain with BNB Beacon Chain (old BC) Rebranded under the name BNB chain.
(1) BNB Chain PoSA
BNB Chain achieves ~ 3 seconds of block time through the equity proof algorithm. More precisely, the proof of stacked authority (POSA) is used, and participants can steal their own tokens to become a verifier. If they present a valid block, they are paid a transaction fee included in the transaction. However, unlike many other protocols based on Ethereum, there is no block subsidy of newly generated assets.
(2) BNB Multi Chain
BNB Chain is independent of the existing chain and is conceived as a system to complement it. Multi -structure is used, and users can freely send assets between each blockchain. This allows you to use a fast trading feature on the BNB Chain and build a powerful decentralized app on the BNB Smart Chain. Users can experience a wide range of ecosystems with numerous examples of use through this interoperability.
(3) Blockchain protocol
The blockchain protocol is a series of rules and procedures used to manage blockchain. The protocol is used for the following: Make sure the other side of the BNB chain works as intended. Various protocols are used for various specific protocols. Application based on suitability. Some protocols are open source protocols, while some protocols are expansive private permits.
(4) DeFi: Decentralized finance service(staking)
Thanks to the flexibility provided by BNB Smart Chain, you can introduce and use decentralized finance (Defi) services that can invest and grow their virtual assets on numerous blockchains. Through pancake swaps, steaking, and liquidity pool-related applications, users can exchange assets in a manner that do not require proof and trust, which is quite similar to Uniswap. PBIE TOKEN HOLDERS can participate in these liquidity pools and swap between different virtual assets, and they can be granted voting rights to the ratio of virtual assets and voted to various proposals.
