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About BIBIBI Daily Digest Privacy & Account Security

For information and learning only. Not investment advice. Crypto assets involve risk.

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Glossary

Terms15 shown

BEP-682A proposal that rejects duplicate validator counts in cross-chain signature verification, ensuring that the signature threshold is met by enough genuine validators.
Gas FeeAn on-chain transaction fee paid in BNB to compensate validators for processing and confirming transactions.
PoSAProof of Staked Authority is BSC's consensus mechanism; validators stake BNB to validate blocks and earn transaction fees.
Proof of StakeA consensus mechanism in which validators lock up tokens to help secure the network and validate blocks.
ValidiumA type of rollup that processes transactions off-chain, relies on a network of proof-of-stake validators, and submits data to Layer 1.
deterministic finalityA form of finality in which protocol rules provide no path to reverse a transaction after a specified set of validators has signed it.
proof-of-stakeA mechanism in which validators lock tokens to help secure the network and receive newly issued tokens as staking rewards.
proof-of-stake (PoS)A mechanism that usually combines randomness with stake size to select validators to propose or confirm blocks without relying on competition in computing power.
Priority FeeAn optional extra tip paid to validators to increase the chance that a transaction is processed sooner.
Beacon ChainEthereum's proof-of-stake consensus layer, which coordinates validators who stake assets and helps secure the network.
Proof of Staked Authority (PoSA)A consensus mechanism that combines proof of stake and proof of authority, requiring validators to hold or stake tokens and maintain a trusted reputation.
Proof of Authority (PoA)A consensus model that preselects validators based on reputation, where a trusted reputation rather than staked assets is the key requirement for becoming a validator.
Proof of Stake (PoS)A consensus mechanism that selects validators mainly according to the amount of cryptocurrency staked by participants.
Proof of Stake (PoS)A consensus mechanism in which validators stake assets in a network to participate in creating new blocks.
Validator Set ContractA contract that receives the remaining gas fees, distributes BNB daily to delegators and validators, and includes logic for processing gas fees according to the burn ratio.

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Definition

Proof of Authority (PoA)

A consensus model that preselects validators based on reputation, where a trusted reputation rather than staked assets is the key requirement for becoming a validator.

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