Cryptocurrency Q&A
What is Binance Smart Chain?
What is Binance Smart Chain?
Rosalia
Fri Mar 14 2025
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7
answers
1712
Binance Smart Chain, known as BSC, is a blockchain platform launched by Binance. It aims to provide a high-performance, low-cost environment for decentralized applications and smart contracts, competing with Ethereum. BSC utilizes a consensus mechanism called Proof of Staked Authority and is compatible with Ethereum Virtual Machine, allowing developers to easily migrate their Ethereum-based applications to BSC.
7 answers
Lorenzo
Sun Mar 16 2025
BNB Smart Chain (BSC) represents a significant advancement in blockchain technology.
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alexander_clark_designer
Sun Mar 16 2025
It is a network developed by Binance, a globally renowned cryptocurrency exchange.
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KpopStarletShineBrightness
Sat Mar 15 2025
BSC, on the other hand, offers additional functionalities and benefits.
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Valentina
Sat Mar 15 2025
Binance holds a prominent position among the largest exchanges worldwide.
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Elena
Sat Mar 15 2025
In September 2020, BSC was introduced to the market.
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