Binance Smart Chain

Binance Smart Chain (BSC) is a blockchain network developed by Binance, designed for fast and low-cost transactions. It runs parallel to Binance Chain but supports smart contracts, enabling developers to create decentralized applications (dApps). BSC is compatible with the Ethereum Virtual Machine (EVM), meaning it can run Ethereum-based applications easily. This makes it popular for decentralized finance (DeFi) projects, token creations, and NFT platforms. BSC's unique features include its proof-of-staked authority consensus mechanism, which enhances speed and efficiency, making it an attractive choice for developers and users seeking cost-effective solutions in the blockchain ecosystem.