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Binance Smart Chain (BSC)
Binance Smart Chain (BSC) is a blockchain network designed for running smart contract-based applications. It operates in parallel with Binance’s native Binance Chain (BC), offering users the best of both worlds:
- High Transaction Capacity: BSC inherits the high transaction capacity of Binance Chain, allowing for swift and efficient transfers of assets.
- Smart Contract Functionality: Unlike Binance Chain, which lacks smart contract support, BSC introduces smart contract programmability. This means developers can create decentralized applications (DApps) and execute complex logic on the BSC network.
In summary, Binance Smart Chain provides a balance between transaction speed and smart contract capabilities, making it an attractive choice for developers and users alike.