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NYBC Chain

What is NYBC Chain?

NYBC Chain brings EVM-compatible programmability and native cross-chain communication with NYBC Chain using an innovative consensus of Proof of Authority(PoA)

Why is NYBC Chain designed as a separate chain from NYBC Chain?

The execution of a Smart Contract may slow down the exchange function and add non-deterministic factors to trading. Even if that compromise could be tolerated, it might be a straightforward idea to introduce a new Virtual Machine specification based on Tendermint, based on the current underlying consensus protocol and major RPC implementation of NYBC Chain. But all these will increase the learning requirements for all existing dApp communities, and will not be very welcomed.

How does NYBC Chain work? What is the architecture and consensus used?

NYBC Chain relies on a system with Proof of Authority (PoA) consensus that can support short block time and lower fees.

There will be fewer validators on NYBC Chain testnet.

Can you tell more about Proof of Staked Authority(PoSA)? What is it?

PoSA is a combination of PoA and PoS. Blocks are produced by a limited set of validators, they are elected in and out based on a staking based governance. Validators take turns to produce blocks in a PoA manner

What are the benefits for developers to build on NYBC Chain?

  • EVM-compatible: NYBC Chain supports all the existing NYBC tooling Fast block time, cheaper cost
  • Native cross-chain trasfer & communication: NYBC remains a liquid venue of exchange of assets on NYBC Chain and NYBC Chain"

What are the benefits for developers to build on NYBC Chain?

NYBC Chain opens the gate for users to take advantage of the fast transferring and trading

What make NYBC Chain different?

Key Innovations:

  • Proof-of-authority Consensus

  • Native Cross-Chain Communication

  • Expand the use cases of NYBC

NYBC Chain is EVM-compatible. What does that mean?

EVM means NYBC Virtual Machine. Any smart-contract written to run in EVM can be easily ported to NYBC Chain.

Can developers make hybrid Dapps using both NYBC Chain and NYBC Chain in one single Dapp?

Yes, with the help of native cross-chain functions