Binance Launches Smart Contract-Enabled Blockchain, Adds Staking for Its Coin

Binance CEO Changpeng “CZ” Zhao (CoinDesk archives)

Cryptocurrency trade Binance acknowledged Tuesday it launched the mainnet of its neat contract-enabled blockchain and is introducing staking for its native Binance (BNB) token. 

  • In a press assertion emailed to CoinDesk, the crypto trade acknowledged it hopes to foster the construction of decentralized apps (dApps) and decentralized finance (DeFi) products by alongside side these substances. 

  • The original blockchain will exhaust a “Proof-of-Staked” Authority (PoSA) consensus mechanism, which Binance claims will enable the validators to receive rewards for their work on the chain with out sacrificing transaction bustle.


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