Cryptocurrency Q&A
Is BSC an Ethereum network?
Is BSC an Ethereum network?
CryptoWizardry
Tue Sep 24 2024
|
7 answers
1779
Excuse me, could you clarify something for me? I've been hearing a lot about BSC recently, and I'm wondering if it's part of the Ethereum network. I'm trying to understand the differences between the two, and whether BSC operates in a similar manner to Ethereum or if it's a completely separate entity. Any insights you could provide would be greatly appreciated.
7 answers
MysticStar
Thu Sep 26 2024
This centralized tendency is manifested through a reduced pool of validators, whose selection is solely under the purview of Binance.
Was this helpful?
379
29
Lorenzo
Thu Sep 26 2024
This specific structure facilitates swift and cost-effective transactions, catering to users seeking efficiency over other factors.
Was this helpful?
221
86
Elena
Thu Sep 26 2024
However, the trade-off for this enhanced performance is a compromise in the level of decentralization inherent in the system.
Was this helpful?
93
60
Caterina
Thu Sep 26 2024
For individuals or entities that prioritize security and decentralization as core values, Ethereum may present a more appealing alternative.
Was this helpful?
299
25
DigitalTreasureHunter
Thu Sep 26 2024
BSC, despite being decentralized, exhibits a more centralized architecture in comparison to Ethereum.
Was this helpful?
250
93
Load 5 more related questions
