Binance Smart Chain is a high-performance blockchain that runs in parallel with Binance Chain. It is designed to offer the same high speed and low latency as Binance Chain, while also providing the ability to run smart contracts.
The Binance Smart Chain validator set currently consists of 21 nodes. However, the number of validators is not fixed and can be changed by the Binance team at any time.
The team has said that they plan to increase the number of validators in the future, as the network grows and becomes more decentralized.
NOTE: This is a very important question to consider when using Binance Smart Chain. It is important to have the right amount of validators for your network. Too few validators can lead to a lack of decentralization, resulting in a single point of failure, while too many validators can lead to network congestion and slow performance. The optimal number of validators will depend on the specific needs of each organization and should be determined carefully with consideration given to balancing cost and security.
So how many validators should be on a Binance Smart Chain?
There is no definitive answer to this question. It depends on a number of factors, including the size and complexity of the network, and the degree of decentralization that is desired.
In general, it is generally accepted that a larger number of validators leads to a more secure and robust network. However, too many validators can lead to problems such as decreased performance and increased costs.
Ultimately, it is up to the Binance team to decide how many validators should be on the Binance Smart Chain. However, as the network grows and becomes more decentralized, it is likely that the number of validators will increase.
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