Cryptocurrency Q&A What is Binance Smart Chain?

What is Binance Smart Chain?

Rosalia Fri Mar 14 2025 | 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. What is Binance Smart Chain?

What is Binance Smart Chain?

binance smart chain what is

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