Tech Insights

Binance Smart Chain

Last updated May 18, 2025, generated by Sumble

What is Binance Smart Chain?

Binance Smart Chain (BSC), now known as BNB Chain, is a blockchain network built for running smart contract-based applications. BSC runs in parallel with Binance Chain (BC) and is compatible with the Ethereum Virtual Machine (EVM). Its primary purpose is to enable developers to build decentralized applications (dApps) and deploy smart contracts with lower transaction fees and faster confirmation times compared to Ethereum. It is commonly used for decentralized finance (DeFi) applications, NFTs, and other blockchain-based projects.

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What other technologies are related to Binance Smart Chain?

Binance Smart Chain Competitor Technologies

Ethereum

Ethereum is a competing blockchain platform that supports smart contracts and decentralized applications. Binance Smart Chain was designed to be compatible with Ethereum but offered faster transaction speeds and lower fees.

mentioned alongside Binance Smart Chain in 7% (472) of relevant job posts

Polkadot

Polkadot is a competitor because it is another blockchain platform focused on interoperability and scalability, aiming to provide a foundation for a decentralized web.

mentioned alongside Binance Smart Chain in 19% (85) of relevant job posts

Polygon

Polygon is a Layer-2 scaling solution for Ethereum, effectively making it a competitor as an alternative for faster and cheaper transactions, although Polygon is Ethereum-compatible.

mentioned alongside Binance Smart Chain in 10% (77) of relevant job posts

Solana

Solana is a competing blockchain platform known for its high throughput and low transaction costs.

mentioned alongside Binance Smart Chain in 6% (93) of relevant job posts

Binance Smart Chain Complementary Technologies

Truffle

Truffle is a development framework that can be used to build and deploy smart contracts on Binance Smart Chain. It simplifies the development process.

mentioned alongside Binance Smart Chain in 13% (117) of relevant job posts

Solidity

Solidity is the primary programming language used to write smart contracts for Binance Smart Chain, similar to its use on Ethereum.

mentioned alongside Binance Smart Chain in 4% (318) of relevant job posts

Web3.js

Web3.js is a JavaScript library that allows developers to interact with Binance Smart Chain from their web applications.

mentioned alongside Binance Smart Chain in 7% (106) of relevant job posts