The Einstein Upgrade of the BNB Beacon Chain testnet will introduce a permissionless validator election mechanism and the staking economy.
Hard Fork of BNB Beacon Chain Testnet
A planned “Einstein Upgrade” will introduce a permissionless validator election mechanism and bring the staking economy onto BNB Beacon Chain. A hard fork of the BNB Beacon Chain testnet is scheduled to take place in January.
According to the BNB Chain Blog, “Anyone can stake their BNB to become a validator candidate or delegate their BNB to the validator candidates they trust. The validator set will be determined by the rank of the accumulated bonded tokens on validator candidates. The validators will be responsible for producing new blocks, in return, they will get block rewards, and share the rewards with delegators. By implementing this, the BNB holder has superpower to contribute to the security and gain reward. Staking BNB grants the right to vote on proposals and make decisions on the future of the network.”
The BEP159 upgrade will take place in three phases. Ordinary holders of BNB coins will not be affected by the upgrade.
For details, read the BNB Chain Blog post.
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
Source : bsc.news
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