However, it was a highly popular feature with users so Binance Smart Chain was released as a parallel chain which supports Ethereum compatible smart contracts, so it supports solidity and is EVM compatible.

But for Binance Chain to achieve this level of performance, they had to sacrifice something, and that was the smart contract capabilities. It is able to handle around 100 thousand orders per second with 1-second confirmation. It is on-chain order matching and intended to be very fast. Binance Smart Chain vs Binance Chain: Differences? Binance Chain vs Binance Smart Chain (Image credit: Binance Smart Chain)īinance Smart Chain came about because Binance Chain was introduced as a single purpose high-performance DEX. One of the highlights listed on the website includes a block time of approximately five seconds, ensuring efficient trading for users. To promote the environment and increased network performance, BSC utilizes a staking-based consensus, additionally allowing for flexible options that the community can administrate. Staking-based Consensus and Administration In the event that BC experiences a technical failure, most of BSC’s functions are self-contained, hence they should be able to continue operating despite such occurrences. Independent BlockchainīSC does not include a layer 2 solution, making it a standalone system. According to Binance, this will bring more robust security and reliability to price feeds on DeFi apps, which in turn gives users more confidence in financial products which are built on Binance Smart Chain. In turn, developers can build powerful Decentralised Finance (DeFi) applications which utilise Chainlink oracles to retrieve data from data aggregators or price information directly from Binance DEX or Binance exchange. This means that developers on Binance Smart Chain no longer need to dedicate months of engineering time in order to set up their own oracle infrastructure, they can directly build smart contract applications that can connect to real-world data feeds from Chainlink. Integration with Chainlink’s Oracle solution for building DeFi appsīinance Smart Chain integrates Chainlink’s ($LINK) oracle solution. This is further optimized for scaling dApps that run best with an efficient user experience. Hence, BSC has enabled compatibility with multiple Ethereum tools and nodes to be used in this dual-chain architecture (e.g ecosystem components and dApps) Cross-Chain CommunicationĬommunication between BC and BSC will be supported in order for users to move digital assets (i.e BEP2 tokens), as well as any other BEP tokens in the future. Decentralised Finance (DeFi) series: tutorials, guides and moreįeatures of Binance Smart Chain Ethereum Virtual Machine (EVM) CompatibilityĪs users may know, Ethereum is one of the most practical and popular Smart Contract platforms.Security: How does Binance Smart Chain protect users?.Rewards and benefits of using Binance Smart Chain.Binance Smart Chain vs Binance Chain: Differences?.Staking-based Consensus and Administration.

Integration with Chainlink’s Oracle solution for building DeFi apps.Ethereum Virtual Machine (EVM) Compatibility.With their prize money, Zephyr Games is tackling challenges with opBNB and BNB Greenfield to continue its innovation in fully on-chain gaming and build advanced infrastructure for autonomous worlds. In first place was Zephyr Games, a gaming platform powered by Zero Knowledge Proofs and AI. Hear from the winners of the recent BNB Chain about how they leveraged the Istanbul Hackathon to accelerate their project using the power of opBNB and BNB Greenfield.

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