BSC, or BNB Smart Chain (formerly Binance Smart Chain), is a blockchain network built for running smart contract-based applications. It is designed to be compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily port their Ethereum-based projects to BSC. BSC boasts faster transaction speeds and lower fees compared to Ethereum, making it a popular platform for decentralized finance (DeFi) applications, decentralized exchanges (DEXs), and non-fungible tokens (NFTs).
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