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Cryptocurrency Q&A What is BNB smart chain?

What is BNB smart chain?

Fri Jan 10 2025 | 5 answers 1143
BNB Smart Chain, launched in 2020, is a blockchain parallel to Binance Chain. It supports smart contracts, is EVM-compatible, and aims to maintain the high throughput of Binance Chain while introducing smart contracts to its ecosystem. BNB Smart Chain relies on a system of 55 validators with a Proof of Staked Authority consensus, enabling fast block times and lower fees. What is BNB smart chain?
bnb smart chain definition

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