Quebec, Canada, 5th Jul 2024 - BSCSCANVALI is revolutionizing blockchain infrastructure with its advanced validation technology, ensuring the highest standards of network security and efficiency. Operating at the heart of the Binance Smart Chain, BSCSCANVALI supports the integrity of the blockchain by validating and creating new transaction blocks through a robust Proof of Stake (PoS) mechanism.
Validators are essential to blockchain functionality, and BSCSCANVALI offers a streamlined process for users to become validators. By staking a specific amount of tokens, users can participate in the network and earn rewards for their contributions. Unlike traditional Proof of Work (PoW) systems, PoS validators verify transaction validity and authenticate new blocks without the need for high energy consumption.
Key Features:
- Real-time transaction verification
- Comprehensive blockchain analytics
- User-friendly interface for all skill levels
Validation Process:
- Transaction Receipt: Validators are randomly selected to validate transactions.
- Validity Check: Validators confirm transaction details, including the sender's signature and token amount.
- New Block Proposal: Valid transactions are recorded into a new block, authenticated by the validator's signature, and sent to other network validators.
- Data Synchronization: Validators update their blockchain copies to ensure consensus.
- Completion and Reward: Finalized transactions result in validators earning rewards through Gas fees.
PoW vs. PoS: Proof of Stake (PoS) offers several advantages over the outdated Proof of Work (PoW) mechanism:
- Efficiency: Reduces energy consumption by staking tokens instead of using computing power.
- Security: Minimizes cybersecurity risks by making attacks less profitable.
- Scalability and Decentralization: Enhances network scalability and transparency.
BSCSCANVALI aims to promote global monetary freedom and financial autonomy by encouraging participation in the validation process. With its dedicated infrastructure services, BSCSCANVALI ensures fast, safe, and reputable transactions on the Binance Smart Chain.
BSCSCANVALI Tokenomics:
- Token Name: Validator Coin
- Ticker: VAL
- Blockchain: BEP 20
- Consensus: Proof of Stake (PoS)
- Token Type: Governance Token
- Smart Contract: 0xea9a02B64828222ceb0E98D667908337c4ad31a7
- Total Supply: 500,000,000 VAL
- Circulating Supply: 379,000,000 VAL
By leveraging the strengths of the PoS consensus mechanism, BSCSCANVALI is set to advance the global cryptocurrency ecosystem, delivering maximum value to investors and fostering financial freedom worldwide.
For more information, visit BSCSCANVALI website.
Stay updated with the latest news and announcements by following BSCSCANVALI on :
Twitter: https://x.com/Valcoinofficial
Telegram Channel: https://t.me/valannounce
Telegram Group: https://t.me/valgroupchat
Media Contact
Organization: BSCSCANVALI
Contact Person: Mr. Pawel Balcerzak
Website: https://bscscanvali.com
Email: Send Email
City: Quebec
Country:Canada
Release id:13906
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