The mainnet launch of BNB Smart Chain is the result of months of relentless work in enhancing the capabilities of BNB Chain.
High performance with a network capable of producing a block every 3 secondsĬross-chain DeFi mechanisms that increase DeFi interoperabilityĪ supportive Binance ecosystem that funds and bootstraps many DeFi projectsĪ growing ecosystem of millions of users across and Binance DEXĪ network of major crypto projects already collaborating with BSCīNB Smart Chain communities are wrapping up to release many handy tools this month, for functions such as token issuance and transfer, BNB staking, and dApp creation and usage. Some of the benefits of BNB Smart Chain include:Ī rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchangeĬheap transaction fees that reach as low as 1 cent To blockchain users, you are welcome to a new decentralized machine with many valuable assets brought in by BNB Chain and. So the BNB Chain and Smart Chain community welcome all the dApp developers and projects to try on this new arena.
With BSC’s launch, DeFi projects and the bigger blockchain community can leverage the best that BNB Chain has to offer, fortified by smart contract support, cross-chain interoperability, and more advantages that BSC brings. The BNB Chain community launched BSC in time for the DeFi (decentralized finance) revolution, as the public shows increased interest in alternative financial solutions powered by blockchain. With the introduction of the Proof of Staked Authority (PoSA) consensus mechanism, BSC creates an ecosystem where validators, token holders, developers, and users all benefit from a rewarding blockchain that offers high performance and ample space for further innovations. The launch of BSC, an Ethereum Virtual Machine-compatible blockchain that is ready to be tested and piloted by some of the top projects in the crypto industry, is expected to greatly increase the utility of both BNB Chain and BNB. It also introduces an all-new staking mechanism for BNB, one of the world’s top cryptocurrencies. Created to run parallel to BNB Chain, BNB Smart Chain enables the creation of smart contracts for tokens on the Binance-branded blockchain. Any interested individuals and/or organizations can gather BNB stakes to become a validator of this new blockchain.įive months since it was first unveiled in April 2020, the BNB Chain community has activated the BNB Smart Chain. BNB Smart Chain is live on mainnet, activating the parallel blockchain to BNB Chain that will enable the creation of smart contracts and the staking mechanism for BNB.
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