Building on BSC

Expanding upon the BNB Chain Blockchain, Crudo Protocol leverages a solution that outperforms existing infrastructures in the developing world. The underlying technology facilitates an enhanced payment system for users, optimising CRUDO token utility, thereby streamlining transactions and reducing resource wastage.

The system enables seamless communication among Crudo Protocol, Port operations, investors, the platform, and the control centre overseeing the entire network.

Crucially, Crudo Protocol is powered by the Binance decentralised public blockchain BNB Chain, serving as the foundational network.

Shared Vision:

• BNB Chain stands out for its commitment to a green blockchain, emphasising\ energy efficiency and scalability through the Proof of Staked Authority (PoSA) consensus mechanism. This mechanism, coupled with Ethereum Virtual Machine (EVM) compatibility, addresses concerns surrounding sustainability and security, achieving efficiency beyond other blockchains.

Technological Considerations:

• Proof of Staked Authority: BNB Chain combines Delegated Proof of Stake (DPoS) and Proof of Authority (PoA) on the BNB Smart Chain (BSC), ensuring secure network maintenance. The PoSA takes only 3 seconds to verify transactions, providing higher throughput than Ethereum's PoW consensus mechanism.

• Fast Finality: BNB Chain's Fast Finality feature enhances security against double-spend and MEV reorg attacks, ensuring irreversible transactions upon confirmation. This offers greater reassurance for users, especially first-time adopters.

• TPS: BNB Chain's scalability solutions aim to increase the transactions per second (TPS) to as much as 5,000 in 2023, surpassing the core TPS limit of Cardano and Ethereum.

• EVM Compatible: BNB Chain's compatibility with the Ethereum Virtual Machine enables the execution of smart contracts, supporting cross-chain and multi-chain transfers with faster finality and lower transaction fees.

• Transaction Fees and Processing: BNB Chain provides transparency in transaction behavior, as once a block is created, it cannot be reverted, eliminating external influences on transactions.

• Binance Pay: A secure cryptocurrency payment system supporting various cryptocurrencies and stablecoins, offering low fees and quick settlement times.

• Binance Connect: Facilitating fiat-to-crypto on- and off-ramps, enabling seamless integration in regions where digital identities are not widely used.

• Layer 2 Chain Support: BNB Chain's design includes Layer 2 Chain support to control transaction speed and costs, ensuring the core chain's success does not hinder the feasibility of the Layer 1 chain, a crucial aspect for increasing scalability for Crudo Protocol on the BNB Chain.