Binance Smart Chain
What is Binance Smart Chain?
Binance Smart Chain is a parallel blockchain to Binance Chain, created by Binance to offer a faster and low-cost alternative for decentralized applications (DApps) and smart contracts. Launched in 2020, BSC aims to provide compatibility with Ethereum tools and support for a wide range of DApp use cases.
Key Features
- Smart Contract Support
- Compatible with Ethereum Ecosystem
- Delegated Proof of Stake (DPoS) Consensus
- Fast and Low-Cost Transactions
- Interoperability with Binance Chain
Use Cases
BSC is used for building decentralized applications, issuing and trading tokens, implementing DeFi protocols, and various other use cases that benefit from a fast and cost-effective blockchain platform.
Visit their official website to learn more:
https://www.bnbchain.org/en/bnb-smart-chainAccounting Features Supported for
Reconciliation & Sanity Checks >
Soon
DeFi Protocols
Soon
NFTs Valuation
Soon
Automated Rule Categorization
Soon
Integration to ERPs, QBO, Xero, Netsuite, etc.
Soon
