bsc VS BEPs

In 2022, cross-chain between BNB Beacon Chain and BSC was exploited because of Zero Day vulnerabilities in the Cosmos SDK. The hotfixes (1.1.15 and 1.1.16) are implemented with almost zero direct impact on users and dApps.

How is is closed source? https://github.com/bnb-chain/bsc

BNB Smart Chain Mainnet is expected to have a scheduled hardfork upgrade named Gibbs at block height 23,846,001. The current block generation speed forecasts this to occur around 12th Dec. 2022 at 10:00 AM (UTC). The validators and full node operators on Mainnet should switch their software version to  v1.1.18 by 12th Dec.

1. BSC Release v1.1.16 - BSC v1.1.16 is a temporary urgent patch to mitigate the cross-chain infrastructure between Beacon Chain and Smart Chain so that the cross-chain can be re-enabled back.

For more technical information: https://github.com/bnb-chain/bsc/releases/tag/v1.1.16

In 2023, the Fast Finality feature will be a paramount milestone for blockchain security. Once the block is finalized, it would not be reverted anymore. The fast finality feature is very useful. Users can make sure they get accurate information from the latest finalized block, then decide what to do next, instantly. This reduces the time for bridges to wait to confirm cross-chain packages.

BEP159 introduces a permissionless validator election mechanism and brings the staking economy onto Beacon Chain. Anyone can stake their BNB to become a validator candidate or delegate their BNB to the validator candidates they trust. The validator set will be determined by the rank of the accumulated bonded tokens on validator candidates. The validators will be responsible for producing new blocks, in return, they will get block rewards, and share the rewards with delegators. By implementing this, the BNB holder has superpower to contribute to the security and gain reward. Staking BNB grants the right to vote on proposals and make decisions on the future of the network.

BEP-131 draft publication: https://github.com/bnb-chain/BEPs/blob/master/BEP131.md

3.1 BEP-153: Native Staking module on BSC

4. BEP171 - Propose BEP171 to further enhance the security of cross-chain module.

BNB Chain is less decentralized than Ethereum now, but more decentralized than many others. It will become more and more decentralized as our tech team continues to make progress. BSC (BNB Smart Chain) is already on its way to 41 active validators and a total of 80 to 100.  Check it out here.

Hello, I would suggest you check this BEP https://github.com/bnb-chain/BEPs/pull/159 which introduces a new staking mechanism on the BNB Beacon Chain to increase openness and provide economic security.

1. BSC Release v1.1.13 - A hardfork release for testnet that implements BEP153. This release introduces a native staking protocol onto BNB Smart Chain. With this BEP, individual or institution delegators can stake BNB to specified validators and directly get staking rewards on the BSC side.

In order to coordinate with BEP-153 which will introduce native staking module onto BSC, there are some changes to be made, which mainly includes a new app to handle requests of BEP153 and necessary modifications to delegation's data structs.

3.1 BEP-153 Native Staking module on BSC