What is Binance chain based on?

The Binance Smart Chain uses a Proof of Staked Authority (PoSA) . A PoSA is a modified version of the original Proof of Stake mechanism, in which network users stake their identity and reputation (instead of tokens). It is also a combination of Proof of Authority (PoA) and Delegated Proof of Stake (DPoS).

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Do you own your Bitcoin on Binance?

Binance.US does not provide information on an internal wallet offering, but you can keep your coins within your account on the exchange . It also partners with Trust Wallet, a third-party hot wallet option. You can withdraw your coins from your account onto your own hot or cold storage option at any time (for a fee).28 Şub 2022

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Can you mine Ada on Unmineable?

Mining is not affected ! You will receive ADA through the network. If you are switching between compatible chains, make sure that your wallet has support for the chain you are selecting, and that it reuses the same address (if the address is different, you may lose your funds).

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