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.