Binance Launches Smart Chain

Binance Launches Smart Chain

Today, Binance, the largest online cryptocurrency exchange, has lunched their mainnet Binance Smart Chain.

Binance, the online cryptocurrency exchange, has launched their Binance Smart Chain live and active on the mainnet. Binance Smart Chain is a parralell blockchain to Binance Chain, that will allow users to ability to create smart contracts and adding a staking mechanism for the native cryptocurrency to the exchange Binance Token (BNB). Any individual or larger entity can start gathering and building up their BNB ownership so they can stake and become a validator on the new chain.

As stated directly by Binance, some of the benefits of Binance Smart Chain include:

·       A rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchange

·       Cheap transaction fees that reach as low as 1 cent

·       High performance with a network capable of producing a block every 3 seconds

·       Cross-chain DeFi mechanisms that increase DeFi interoperability

·       A supportive Binance ecosystem that funds and bootstraps many DeFi projects

·       A growing ecosystem of millions of users across Binance.com and Binance DEX

·       A network of major crypto projects already collaborating with BSC

Feel free to go to Binance and read the Binance Smart Chain white paper and start using the features of the Binance Smart Chain today.

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