Binance SmartChain will launch a new one soon blockchainto provide even more effective functionality for smart contracts. Binance Smart Chain, because this is the name of the new design, complements existing solutions, while ensuring greater efficiency of the entire system.
A new solution Binance Chain (BCDC)which is blockchain Binance Smart Chain will support the system's operation, with particular emphasis on the functionality of smart contracts. This tool is to ensure programmability and compatibility with Ethereum Virtual Machine (EVM).
Binance Smart Chain can be described as an autonomous blockchain based on Proof of Stakes Authority and ripped from EVM, focused on providing optimal support to all tools in Ethereum.
Thus, all protocols and intelligent contacts compatible with EVM will work on the new blockchain.
The main benefits of its implementation include faster transaction execution times and lower fees associated with them.
As with Binance Chain, the asset exchange site for the Binance Smart Chain will be Binance DEX. Such a two-chain structure will provide users with the ability to create decentralized applications and digital resources on one blockchain, as well as quick transaction times.
Binance Smart Chain will be available to all those who want to build applications based on the functionality of smart contracts.
The platform will allow both the creation of new ones tokens digital as well as double trade.
About Binance Chain
Binance Chain began operations in April last year. The platform quickly won hundreds of users. Due to the native function of DEX, it has become a tool not only for fast, but above all secure, decentralized, digital exchange of resources.