#### What is BlackFort Exchange Network? BlackFort Exchange Network (BXN) is an innovative [blockchain](https://www.coinbase.com/learn/crypto-basics/what-is-a-blockchain) platform that aims to provide a comprehensive solution for digital asset management. BXN is a Layer 1 blockchain that is EVM compatible, fast, scalable, and efficient, with POSA and easy access to become a delegator. It is a smartchain technology that allows users to transfer digital assets between multiple parties in a secure and transparent manner. BXN is the native on-chain utility token used for processing transactions and storing data, as well as running [validator](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/validator-) nodes on the network via [staking](https://help.coinbase.com/en/coinbase/trading-and-funding/staking-rewards/eth-2-0-staking) BXN [NODE](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/node)-[NFT](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/nft) [tokens](https://www.coinbase.com/learn/crypto-basics/what-is-a-token). The platform aims to provide a truly decentralized and effortless staking experience through its unique staking method called Proof-of-[Staked](https://www.coinbase.com/learn/crypto-basics/what-is-staking)-Authority (PoSA). #### How does BlackFort Exchange Network work? BXN operates on a unique staking method called Proof-of-Staked-Authority (PoSA), which allows users to stake their tokens and earn rewards by validating transactions on the network. The staking process is simple and can be done through validator nodes, delegation, or a do-it-yourself (DIY) approach. By staking through PoSA, users can participate in the validation process and contribute to the overall security and efficiency of the network. BXN also has its own [wallet](https://www.coinbase.com/learn/crypto-basics/what-is-a-crypto-wallet) application, the BlackFort Wallet, which is a client-side, multicurrency wallet application to be used on iPhone and Android devices. #### What are the potential use cases for BlackFort Exchange Network? BXN has a wide range of potential use cases. It can be used for processing transactions and storing data, running validator nodes on the network, and facilitating [smart contracts](https://www.coinbase.com/learn/crypto-basics/what-is-a-smart-contract). The smartchain technology of BXN can be used to manage digital assets more securely and efficiently, opening up new possibilities for the global economy. BXN is also used on BlackFort Products as a utility token, offering benefits such as reduced exchange/swap fees, eligibility for upcoming projects on BXN Blockchain, and potential eligibility for [airdrops](https://help.coinbase.com/en/coinbase/getting-started/crypto-education/glossary/airdrop-). #### What is the history of BlackFort Exchange Network? BlackFort Exchange Network launched its mainnet on April 22, 2020. The total/max supply of BXN is 49,999,999,999 BXN Tokens. A total number of 10.5 billion (21%) BXN is dedicated to 304,000 Delegator Node-NFTs to secure the network in a PoSA Consensus Validator Node system to secure the network and validate transactions. The creation of the BXN blockchain was guided by principles such as the creation of a flexible and extension network of EVM Core Smartchains to create a symbiotic harmony. It aims to complement existing blockchains and not replace them entirely.