This makes it seamless for users to move their cryptocurrencies between BC and BSC. “BC and BSC can freely communicate with each other without friction, despite BSC not being a layer 2 solution (as it is an independent blockchain, parallel to Binance Chain). ![]() Its PoS model also enables it to process transactions faster, putting it above networks that still implement full proof-of-work (PoW) systems. BSC’s native token, the Binance Coin (BNB), can be staked to contribute to network security and vote on community governance protocols. “The platform runs on a proof-of-stake (PoS) consensus model, specifically, proof-of-staked-authority. ![]() “Supports Staking and Community-Based Governance Through this feature, developers can build or migrate DApps, tools and other ecosystem components on the BSC network without much friction. “Smart contracts, which are Ethereum-compatible, are supported by BSC. This means that even if BC stops operating, BSC will continue to run its technical and business functions. “While it runs in parallel with BC, Binance Smart Chain is a standalone blockchain. The BSC community made the network even more appealing to new users as a cost-effective and stable alternative, by lowering its gas fee from 15 Gwei to 10 Gwei to counter Binance Coin (BNB)’s insane price jump to over $300 in February. “Binance Smart Chain has made immense traction in early 2021 so far partly thanks to Ethereum’s congestion and gas fee issues, which has caused developers and staking investors to look for other options. “The aim of the platform is to enable developers to build decentralized applications (DApps) and help users manage their digital assets cross-chain with low latency and large capacity. ![]() “Furthermore, Binance Smart Chain also implements the Ethereum Virtual Machine (EVM), which allows it to run Ethereum-based applications like MetaMask. BSC runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC. ![]() “Binance Smart Chain is a new platform that aims to lower transaction costs and provide a space to create DApps and other DeFi products - how does it work? Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications. “We were attracted to the carefully designed Beadswap knowing that similar decentralized exchanges such as Uniswap enjoy a market cap of more than 10 billion USD with smaller upstart competitors to Uniswap quickly reaching more than 1 billion in market cap after launching as well as the plan to expand Beadswap to include the Binance Smart Chain which now, as a result also competes with the ($6 billion market cap) Pancakeswap. These coins will now be exchangeable between the Ethereum and Binance based protocols. The company recently announced the purchase of 50% ownership in the Ethereum based Beadswap and a related 50% interest in 8.1 trillion Beadswap coins (crypto:BEAD) generated on the Ethereum blockchain and listed on. (OTC: BTZI), a vertical integrator and an emerging innovator of products, technologies, and services for the rapidly growing digital robotics automation, cybersecurity, and manufacturing industry announced today that Beadswap is now additionally available on Binance Smart Chain (Through our newly launched Binance based Beadswap, users can now swap, add markets, and provide liquidity utilizing $BNB along with all other Binance related assets. SAN JUAN, Puerto Rico, (GLOBE NEWSWIRE) - BOTS, Inc.
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