$BNB Staking Fund USD Value Ranks Third in the Smart Chain

The BNB Smart Chain uses a Proof of Staked Authority (PoSA) consensus mechanism, selecting 45 validator nodes every 24 hours to participate in consensus. Their election is based on the total number of BNB tokens staked by each node.

Among these 45 validators, the top 21 with the highest staking amounts are referred to as the “Cabinet,” while the remaining 24 validators are called “Candidates.” Then, 18 are randomly selected from the 21 “Cabinet” members, and 3 are randomly selected from the 18 “Candidates” to produce blocks for the given period. The selected validator nodes then take turns producing blocks based on Ethereum's Clique consensus design.