What is the meaning of BSC in the context of digital currencies?

3 answers

• Lan Anh TrươngJan 14, 2021 · 5 years ago
  BSC stands for Binance Smart Chain, which is a blockchain platform developed by Binance. It is designed to provide a fast and low-cost alternative to the Ethereum network. BSC has gained popularity among digital currency enthusiasts due to its compatibility with the Ethereum Virtual Machine (EVM) and its ability to support decentralized applications (DApps) and smart contracts. With BSC, users can enjoy faster transaction speeds and lower fees compared to the Ethereum network.
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• Sujatha A.Jun 25, 2022 · 4 years ago
  BSC, short for Binance Smart Chain, is a blockchain platform created by Binance, one of the largest digital currency exchanges in the world. It offers a range of features and benefits for users, including fast transaction speeds, low fees, and compatibility with Ethereum. BSC has become a popular choice for developers and users alike, as it provides a scalable and efficient infrastructure for building and deploying decentralized applications (DApps) and smart contracts. By leveraging BSC, individuals and businesses can participate in the growing ecosystem of digital currencies and blockchain technology.
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• Ultim8 PedigreeMar 26, 2022 · 4 years ago
  BSC, also known as Binance Smart Chain, is a blockchain platform that has gained significant traction in the digital currency space. It was developed by Binance, a leading cryptocurrency exchange. BSC offers several advantages over other blockchain networks, such as faster transaction confirmation times and lower fees. Additionally, BSC is compatible with the Ethereum Virtual Machine (EVM), which means that developers can easily port their existing Ethereum-based applications to the BSC network. This compatibility has contributed to the rapid adoption of BSC and its growing ecosystem of decentralized applications and digital assets.
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