Main benefits of Binance Smart Chain
Binance Smart Chain (BSC) is a new smart contract-enabled blockchain. It acts as a parallel chain to Binance Chain.The platform facilitates fast, decentralized trading. It’s constructed as a dual chain so that users can quickly transfer funds from one blockchain to another.
Here are the main benefits of Binance Smart Chain:
- a great ecosystem powered by Binance DEX
- 1 cent cheap transaction fees
- high performance (producing blocks every 3 seconds)
- interoperability (cross-chain DeFi solutions)
- huge support from the major DeFi game players
Major BSC collaborators
Great transaction speeds and low fees have made BSC the most promising tool for every crypto project.To date, numerous crypto projects are already working with the Binance Chain community, including Swipe, Aave, 1inch. exchange, WazirX, DODO, dForce, Bounce.finance, Spartan Protocol, MCDEX, Cream, ForTube and DeBank.
This promising list showcases the fact that Binance Smart Chain is about to become one of the most profound and reliable platforms out there.
Moreover, BTC, LTC, ETH, EOS and XRP already exist on Binance Chain as ‘Peggy coins’, which means they are pegged to assets on their native chain.
BSC + SpaceSwap. What does this collab do?
Binance Smart Chain technology will provide users with a lot of benefits, starting with making staking and trading more comfortable processes. The benefits include:- The implemented Shadow Staking technology.
- Direct exchange between ERC-20 and BEP-20.
- Implementation of Binance pools on Binance Smart Chain.
- No Gas fees, only commission on exchanges to cover costs.
And that’s just the start. Its implementation on BSC will help SpaceSwap to focus the community’s attention on the benefits it gives its users, as well as promoting its own inventions such as Shadow Staking and SSI.
What is more important for us is that Binance continues to work with all the projects supporting its products and keeps them listed on both Binance and BSC.
We’re looking forward to a long partnership with one of the most promising and technological ecosystems ever! Keep up with the news!
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