Binance Smart Chain enables the long awaited smart contracts integration with Binance Chain and will make it possible to run your own Validator and earn a passive income by staking BNB! In our continued partnership with Binance, Ankr is proud to announce that we support easy deployment for Binance Smart Chain Validators and staking BNB on our platform!
For those who can’t wait to try it out, the testnet Validator for Binance Smart Chain is now available in our protocol market. You can claim testnet BNB tokens on the testnet faucet here. A full tutorial of how to deploy and run the Binance Smart Chain Validator will be available shortly.
Running a Validator on the Binance Chain is a feature that many have been looking forward to for a long time, and Ankr is the very first to make this available to the public. Albeit the testnet version, this effort shows our close involvement with the Binance and Binance Chain teams, and paves the way for enabling mainnet Binance Smart Chain Validators on Ankr!
Moreover, being a longtime believer in Binance and BNB, Ankr will apply for one of the 21 Validator spots on the Binance Smart Chain mainnet.
Dual-chain architecture and Validator set
With the introduction of Binance Smart Chain, a parallel blockchain of the current Binance Chain is created to retain the high performance of the native DEX blockchain and support a friendly Smart Contract function at the same time.
The dual-chain architecture will empower its users to build decentralized apps and digital assets on one blockchain and take advantage of the fast trading to exchange on the other.
Highlights of the novel Binance Smart Chain are;
- EVM Compatible
- Proof of Staked Authority
- Cross-Chain Transfer
- Cross-Chain Contract Event (Trade, Transfer)
- Block time ~5 seconds
On Binance Smart Chain, the top 21 nodes with highest BNB stake will form the Validator set. We are ready to be one of those 21 Validators, as an exciting new application of our services.
More Binance Chain nodes on Ankr
While the testnet Validators are our latest offering, those looking for something with more data and analytics will be interested in our Binance Chain Full node deployments.
Regardless of whichever you choose, you’ll get a performance optimized node deployed minutes after you click “deploy.”
Head on over to our platform to get a head start on this revolution!
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