Here are the design principles of BSCđ
Standalone blockchain: Technically, BSC is a standalone blockchain, instead of a layer 2 solution. Most of the core technical and business functions of BSC should be autonomous so that they can function well even if the CB were to shut down for a short period of time.
(1) Ethereum compatibility: The first practical and widely used smart contract platform is Ethereum. To take advantage of the relatively mature applications and community, BSC chooses to be compatible with the existing Ethereum backbone. This means that most dApps, ecosystem components and tools will work with BSC and require no or minimal modification. a BSC node will require similar (or slightly better) hardware specifications and skills to work and function. The implementation should leave room for BSC to catch up with other Ethereum upgrades.
(2) Staking involves consensus and governance: Consensus based on staking is more respectful of the environment and leaves more flexible options for community governance. Not surprisingly, this consensus should lead to improved network performance compared to proof-of-work blockchain systems, i.e. faster blocking time and higher transaction capacity.
(3) Fast block time and fast finality: BSC will implement a fast finality mechanism, allowing blocks to be finalised in two block confirmations under normal circumstances. This, combined with BSC's fast block time of 3 seconds, provides near-instantaneous transaction finality and a good user experience.
