BSC Wallet

What is Binance Smart Chain?

Binance Smart Chain (BSC) is a smart contract-enabled parallel blockchain to Binance Chain that provides a permissionless platform for decentralized application (DApps).Folks that are new to the crypto realm aren’t usually even aware that there is so much more to Binance than just a centralized exchange (CEX). Thus, we must point out that Binance hosts an extensive ecosystem of crypto products.

Folks that are new to the crypto realm aren’t usually even aware that there is so much more to Binance than just a centralized exchange (CEX). Thus, we must point out that Binance hosts an extensive ecosystem of crypto products.

Furthermore, Binance Chain is Binance’s dedicated blockchain for processing and validating transactions within the Binance ecosystem. Also, this is the original chain from Binance, which was already designed to host BNB coins. Nonetheless, Binance Chain also enabled trading with full custody of private keys. However, Binance Chain was not built to facilitate smart contracts. As such, it didn’t support the development of decentralized applications.