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Showing posts with the label avengerdao

BNB Chain’s approach to security

BNB Chain’s Approach to Security BNB Chain places security at the core of its blockchain ecosystem, employing a multi-layered approach to protect users, developers, and assets. As a leading Layer 1 network, BNB Chain actively invests in both preventative and responsive strategies to ensure platform integrity and trust. At the foundation, BNB Chain leverages the Proof-of-Staked-Authority (PoSA) consensus, which balances decentralization with fast block times and validator accountability. Validators are selected based on reputation and staking, ensuring aligned incentives and reducing risks of malicious activity. BNB Chain also runs the AvengerDAO , a community-driven security initiative that detects and prevents scams, phishing, and exploits. This decentralized autonomous organization collaborates with top security firms to analyze suspicious contracts and wallets, providing real-time alerts to users. The BNB Chain Bug Bounty Program , in partnership with platforms like Immunefi, r...