BSC Layer advances the Binance Smart Chain ecosystem with enhanced security, hyper-scaling, and innovative staking options.
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The BSC Layer protocol significantly advances the Binance Smart Chain (BSC) ecosystem by enhancing security and enabling hyper-scaling. Through restaking, users can stake BNB and other tokens, or opt for Liquid Staking Tokens (LST), to contribute to a fortified security framework.
Key Features
Hyper-Scaling: BSC Layer allows users to restake assets across various applications, promoting rapid growth and scalability within the BSC ecosystem. This facilitates new projects and services, creating a dynamic environment.
Enhanced Security: The protocol introduces a pooled security mechanism, enabling users to secure multiple applications simultaneously, thereby strengthening the network against potential threats.
Innovation: BSC Layer fosters an innovative environment where developers can leverage pooled security to secure their decentralized applications, encouraging experimentation and collaboration.
Staking and Liquid Restaking
Staking: Users lock up BNB or other supported assets, enhancing the BSC ecosystem's decentralization, security, and scalability. Initial staking options include BNB, ETH, CAKE, USDT, ankrBNB, slisBNB, and rBNB.
Liquid Restaking: This involves depositing LSTs like ankrBNB, slisBNB, and rBNB into the EigenLayer smart contracts. The staking window is open until August 15, 12 PM UTC.
BSC Layer Points and Referrals
BSC Layer Points: These points reflect users' contributions to the network's security, calculated based on staked time, token quantity, valuation, and boost multipliers. Additional points can be earned through referrals and strategic alliances.
Referral Program: Users and their referrals earn a 10% bonus in BSC Layer points. Generate a personalized referral link from the BSC Layer website to participate.
Governance and Security
Multisig Governance: BSC Layer employs a multisig governance framework ensuring security and transparency. Different multisig entities handle routine upgrades, emergency actions, and network maintenance.
Audits: Reputable firms like Certik and RugFreeCoins conduct comprehensive audits to assess the protocol's robustness and reliability.
Bug Bounty Program: To maintain high security standards, BSC Layer offers rewards for identifying vulnerabilities in smart contracts and website infrastructure.
By enhancing security and scalability, BSC Layer plays a pivotal role in shaping the future of decentralized finance on Binance Smart Chain.
For inquiries and support, reach out through the following channels:
Twitter: https://x.com/bsclayerx
Telegram: https://t.me/bsclayerx
Discord: https://discord.com/invite/aQktu4Jp6Q
Contact Info:
Name: Umar Basra
Email: Send Email
Organization: BSC Layer
Website: https://bsclayer.com/
Disclaimer:
This press release is for informational purposes only. Information verification has been done to the best of our ability. Still, due to the speculative nature of the blockchain (cryptocurrency, NFT, mining, etc.) sector as a whole, complete accuracy cannot always be guaranteed.
You are advised to conduct your own research and exercise caution. Investments in these fields are inherently risky and should be approached with due diligence.
Release ID: 89135979
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