Ethereum News

DeFi Protocol Tranchess Becomes Binance Smart Chain Validator Node, Launches Fund

In an interview, Chong cited the stringent validator requirements of BSC as a reason why Tranchess picked it over over PoS protocols for its expansion. One example is the higher threshold of staking to validate: While the Ethereum network requires a minimum of 32 staked ether, BSC requires nearly 10,000 staked BNB (worth $4.6 million) though many have upwards of 800,000 staked BNB (worth approximately $384 million). Using BSC also brings the possibility of opening up cross-chain compatibility, he said.

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