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Binance Smart Chain

Binance Smart Chain

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**Binance Smart Chain**

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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