Binance, Exchanges

What Network Is Binance Smart Chain?

Binance Smart Chain is a new blockchain that is compatible with the Ethereum Virtual Machine (EVM). It is designed to offer high performance, low costs, and scalability.

The Binance Smart Chain mainnet launched on September 1, 2020.

The Binance Smart Chain network is powered by a new consensus mechanism called Proof of Stake (PoS). PoS is an energy-efficient consensus algorithm that allows users to earn rewards for validating transactions.

NOTE: WARNING: Binance Smart Chain is a blockchain platform that is related to the popular cryptocurrency exchange Binance. It is not a public blockchain and has been designed to provide a solution for large-scale companies. It has several features that are not available on other blockchains and it should be used with caution. The use of this platform carries certain risks, including potential losses of funds, as there is no guarantee of security or compensation if something goes wrong. Therefore, before using Binance Smart Chain, please do your due diligence and understand the risks associated with it before taking any action.

The Binance Smart Chain also supports smart contracts and DeFi applications.

The Binance Smart Chain is a new blockchain that is compatible with the Ethereum Virtual Machine (EVM).

The Binance Smart Chain is a new blockchain that offers high performance, low costs, and scalability. It is powered by a new consensus mechanism called Proof of Stake (PoS) and supports smart contracts and DeFi applications.

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