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What is Binance Smart Chain? - Explained

What is Binance Smart Chain(BSC)?
BSC - A Parallel Chain to Enable Smart Contracts

Binance Smart Chain, shortly termed as BSC is a new blockchain that runs parallel with the Binance Chain which is enabled by smart contracts built to be Ethereum Virtual Machine (EVM). BSC is built to provide the ability to develop and deploy DApps on Ethereum which is on Binance’s New Blockchain.

Binance Smart Chain boosts the functionality and compatibility with Ethereum Virtual Machine (EVM). The BSC is launched with the goal to provide support to the Ethereum tools and DApps.BSC supports for cross-chain transfers, creation of pegged coins. These pegged coins on BSC, BEP 20 act similar to ERC 20 tokens.

How does Binance Smart Chain (BSC) Works?
Let us look at the working of Binance Smart Chain in detail.

Consensus Algorithm
Binance Smart Chain uses Proof of Stake Authority (PoSA) where participants stake BNB for becoming validators and this BSC achieves 3 second block time.

If any participant proposes a valid block, they will receive transaction fees.There is no block subsidy of freshly minted BNB, since BNB is not inflationary.

As Binance conducts coin burns regularly, the supply of BNB decreases over time.

Cross-Chain Compatibility
Binance Smart Chain is the complementary system to the already existing Binance Chain.This dual chain architecture is being used for providing seamless transfer of assets from one blockchain network to another.Through this rapid trading can be occured on Binance Chain with powerful decentralized applications built on the Binance Smart Chain.

BEP 2 and BEP 8 tokens from Binance chain can be swapped for BEP 20 tokens which is a new token standard introduced for Binance Smart Chain.

The easiest way to move tokens from one chain to another is the use of Binance Chain Wallet, which is available on Chrome and Firefox.

DeFi with Binance Smart Chain
There are many digital assets such as BTC,ETH,EOS,LTC and XRP which are already existing on the Binance chain as Peggy Coins.These coins are tokens pegged to assets on their own native chains.By doing this, we can effectively port those assets on the Binance Chain.

The flexibility offered by Binance Smart Chain, the way to transfer assets from one chain to another, makes this BSC be used in the growing DeFi world.

DeFi platforms like Pancakeswap, Uniswap allow users to exchange assets, engage in yield farming and vote on proposals. There are many DeFi projects such as BurgerSwap,BakerySwap which work the same.

Thus, this Binance Smart Chain has wide opportunities for Decentralized Finance and Dapps as whole.

Explore here -> Introduction to Binance Smart Chain

This Binance Smart Chain is adopted for smart contract development, decentralized application development and defi protocols and more. We Bitdeal - Leading Blockchain Development Company extends our services of developing and deploying smart contracts, dapps, defi protocols on Binance Smart Chain in addition to Ethereum, EOS and more.

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What is GEEK

Buddha Community

What is Binance Smart Chain? - Explained

david harper


Hire Dedicated Development Team |IT Outsourcing Company | Hire Offshore Developers

Binance Smart Chain was a Blockchain launched by Binance in September 2020. It runs parallel to the Binance Chain. Unlike the Binance Chain, the Binance Smart Chain offers smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM), there will be providing a powerful ecosystem for decentralized finance (DeFi). The Binance Smart Chain is called a ‘parallel blockchain’, which brings program performance to the binance chain network.

The Binance Smart Chain has seen significant growth and adoption due to advantages such as high-speed trading, EVM compatibility, and smart contract functionality. If you plan to use the ability of Binance Smart Chain Defi to create a decentralized application, Employcoder IT Outsourcing Company can go on your development journey successfully.

Features That Can Be Integrated Into A Blockchain With Binance Smart Chain

Proof of Staked Authority
Cross-Chain Compatibility
EVM Compatibility

Benefits Of Binance Smart Chain

  1. Enables Smart Contract Functionality
  2. BSC has extremely low transaction fees
  3. High-Speed Transactions
  4. Robust Staking Mechanism for BNB
  5. Cross Chain DeFi Mechanisms that increase DeFi interoperability
  6. High performance with a network capable of producing a block every 3 seconds
  7. Cross-Chain Asset Transfer
  8. Supportive ecosystem that funds many DeFi Projects

Our Development Services in Binance Smart Chain network

  • Binance Smart Chain Development
  • Build DeFi Applications on Binance Smart Chain
  • Build DApps on Binance Smart Chain
  • Build Smart Contracts on Binance Smart Chain
  • dApp Development
  • Token Development

Why Hire Binance Smart Chain Developers From Employcoder?

We have a team of expert developers at Employcoder Leading IT Outsourcing Company who are experienced in providing smart solutions for all your blockchain projects in the Binance Smart Chain Network. Hire Binance Smart Chain developers from us on an hourly, monthly, or full-time basis. Here are the reasons for **hire developers **from us

  1. Highly Creative & Dedicated Teams
  2. Integrity & Transparency
  3. In-Depth Domain Knowledge
  4. 10+ Years Experience
  5. Save 50% Development Cost
  6. Non-Disclosure Agreement
  7. Easy extension & scaling
  8. Flexible Engagement Models

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New Binance Smart Chain Launchpad: BSCSTARTER & NBA Top Shot Seeing Stars Pack Opening

New Binance Smart Chain Launchpad: BSCSTARTER & NBA Top Shot Seeing Stars Pack Opening

📺 The video in this post was made by verythingAltcoin
️ The origin of the article:

🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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Techno Loader

Techno Loader


Smart Contract Based MLM Software on Binance Smart Chain

Those who are aware of the crypto sphere and its tidings know that Binance is the biggest exchange for buying and selling of digital assets. Besides being a hub for reliable buying and selling of cryptos, this platform has remained one step ahead in terms of conveying the true benefits of cryptocurrency to people. Binance smart chain smart contract development is one such practice that you can employ for making the most of the decentralized distributed ledger.

What is Smart Contract Based MLM Software on Binance Smart Chain

As the name clearly suggests, this is a smart contract MLM software powered by the Binance smart chain. By using this platform, any business can use the features and functionality provided by this major crypto service provider.

Call/Whatsapp For Binance Smart Chain MLM Software Development : +917014607737 | Skype: technoloader | Telegram: @vipinshar

The Binance smart chain smart contract MLM software allows you to streamline your network marketing business with features that you cannot find elsewhere.

It does not just provide you relevant services to run your MLM business, it emerges as a fully-integrated solution that resolves all the problems that you usually face while trying to sell or distribute your product using a prolific network.

If you use this solution, you get rid of all the third parties and make your operations 100% optimized. Even after involving plenty of members in both legs, you can keep the transactions seamless and the performance of your business immaculate.

By using this technology, you get to deploy solutions like Ethereum Virtual Machine and create tokens for your enterprise very easily. With its robust features, you get the power to safeguard the data of your company effortlessly. Furthermore, you get an error-free system that reacts on time and gives you every prospect to succeed. It gets into the core of your operations and helps you manage the biggest tasks in an effortless fashion.

Why should I consider Binance smart chain MLM Software for my MLM business?

With this revolutionary solution, you get insights into your industry and understand the protocols very closely. When you blend the concept of MLM with a smart contract, the result turns out to be marvelous and you overcome all the challenges very easily. Not only that, but you also get to try a diverse set of solutions that could accouter your enterprise with a dual-chain architecture.

Read Blog : How to Use Binance Smart Chain

Besides that, you get cross-chain compatibility and prepare yourself for thorough or partial decentralization of your working structure. You get to experience a high-end performance from every single participant of the network and things are exceptionally rapid in nature. When you conduct all the activities of your enterprise on this ecosystem, you get to feel the potential of the smart contract-based ledger program.

Being decentralized to the core, this system helps you perform various actions that are very difficult to execute otherwise. It does not only give you a perfect ecosystem for leveraging the different resources, but it also enables you to protect the overall structure of multi-level marketing. With the development course of this program, it is possible for you to weigh different options before applying them to the core.

Why should I choose the Binance smart chain over the other solutions?

If the name of Binance is not enough to convince you then you can do your homework and find out about the most conducive structures for MLM businesses.
But we are making your job easier by giving you a list of features that this platform gives:

  • EVM Compatible
  • Tracking of Transactions
  • Smart Contract Audit
  • Seamless Functionality
  • Multi-Lingual
  • High-End ROI Module
  • Hack-Proof
  • Global Support
  • Multiple Payment Gateways
  • 100% Secure and Transparent
  • Faster Transactions
  • P2P Transactions
  • Cross-Chain Asset Transfer
  • Automatic Referrals
  • No Third-Party Involvement
  • Risk-Free
  • Immutability
  • Completely Decentralized

With all these features, this structure helps get over all the issues you think of coming across. It works as a panacea and gives you much more than you can expect, not only that, it can take care of all the activities that are executed under the hood. From managing high scalability to the modeling of features, everything can be perfectly done using this program.

Furthermore, the testing of new applications along with the testing of performance and ledger sharing, all the multi-layered programs help you achieve big feats in your niche.

How do I get a Smart Contract Based MLM Software on Binance Smart Chain for my own business?

To develop such an advanced program using a predetermined set of codes, you need to work with experts who have mastered the structure. By doing that, you ensure that you get an apt structure that would make your business more prolific in its domain.

Also, it does not matter in which industry your business operates, this structure can increase its potential manifold. You get to maintain a large quantum of efficacy sans digressing to time-consuming and dearly payment methods.

In a very short duration, this framework has gained huge popularity and it delivers results that the MLM businesses require. It does not only provide you a structured foray into the world of crypto, but it also streamlines every business while maintaining maximum outputs.

It provides you maximum exposure and lets you leverage the intricate structure with more efficacy and lesser cost. The only thing that you need to ensure is that you get it created by a proficient developer.

Read More : Develop cryptocurrency exchange like binance

Why do I choose Technoloader for creating a Smart Contract-Based MLM Platform on Binance Smart Chain

What Technoloader helps you achieve is a highly coordinated and optimized development that many other service providers just claim to do in principle. We make it happen with a well-synchronized process that involves many stages of testing and clearance. When we make this particular program, we make certain that you could get exactly what your firm requires. Depending on the product or service that you intend to sell or distribute, we shape up the program.

Read More: Hire Binance Smart Chain Development Company for your Project.

Here’s how our development helps you accomplish big feats:

  • Earliest delivery with minimum hassles.
  • Flexible models for making services more accessible.
  • We support multiple currencies and languages.
  • Cost-effective yet effective solutions.
  • We use cutting-edge technology in the development.
  • Foolproof MLM script that performs at every front.
  • 24/7 assistance by trained professionals.
  • Custom-made programs as per your needs.

Thinking of a perfect solution to make your MLM business successful? Talk to us right now!

Quick Contact:

Skype : technoloader
Email Id :
Telegram : @vipinshar
Phone : +917014607737

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Lisa joly

Lisa joly


Binance Smart Chain GEMS / Latest $200 Per Day ETH Miner / Bamboo App / CELSIUS NEWS 2021

In this video I quickly talk about Robinhood News and my thoughts on the whole mess. I also discuss that Binance Smart Chain now has over 100 projects on their chain and serious funding invested into project to build this ecosystem. With ETH 2.0 Proof of Stake at least 2 years away you will be paying high gas fee for a long time yet. There are some great projects built on BSC and you’ll pay 1c-4c in gas fees to plat. Lastly I talk about the latest Ethereum Miner called Linzhi Phoenix. This thing is a beast and pumps out a whopping 2600 MH/s earning you about $200/ Day as of making this video. There will be a limited batch of these miners. Watch the video for more info.
📺 The video in this post was made by Crypto expat
The origin of the article:
🔺 DISCLAIMER: The article is for information sharing. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Not investment advice or legal advice.
Cryptocurrency trading is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money
🔥 If you’re a beginner. I believe the article below will be useful to you ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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Amara Sophi

Amara Sophi


Binance Clone Script to Start a Crypto Exchange like Binance

Cryptocurrencies are the hot topic in recent days!! There are many startups and business entrepreneurs are emerging towards the crypto exchange solution business. There are many popular Cryptocurrency exchanges like Binance, LocalBitcoins, Coinbase, Paxful, Remitano, Wazirx, Poloniex etc, to buy and sell cryptocurrencies.

Binance exchange is the second largest decentralized crypto exchange/ trading platform. The Binance exchange platform offers multiple trading options and supports more than 45 cryptocurrencies like Bitcoin,Litecoin, USDT and more…

If you wish to create your own cryptocurrency exchange it is necessary to choose the best platform that is more suitable for your business.

To go head in the exchange script like Binance, obviously you need an expert advice to start your exchange/ trading business. You can easily launch your own platform in no time with an advanced Binance clone script.


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