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What is Binance Smart Chain?

Binance Smart Chain is an innovative solution to bring programmability and interoperability to Binance Chain. Binance Smart Chain relies on a system of 21 validators with Proof of Staked Authority (PoSA) consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.

Please read the FAQ to get started.

Who is the founder and CEO of Binance? CEO of Binance Changpeng Zhao

Changpeng Zhao, commonly known as ``CZ``, is a Chinese-Canadian business executive. Zhao is the founder and CEO of Binance, the world's largest cryptocurrency exchange by trading volume as of April 2018.

What can I do with Binance Chain? The purpose of the new blockchain and DEX is to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner.

You can:

For traders, you can:

For developers, you can also:

  • Explore the transaction history and blocks on the chain, via Binance Chain Explore, API and node RPC interfaces.
  • Run a full node to listen to and broadcast live updates on transactions, blocks, and consensus activities
  • Extract other data of Binance Chain via full node or APIs
  • Develop tools and application to help users use Binance Chain and Binance DEX

What are the benefits of Binance Smart Chain?

Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of Binance Chain intact while introducing smart contracts into its ecosystem.

Because BSC is EVM-compatible, it launched with support for the rich universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with BSC. Seriously – it’s just a matter of tweaking a couple of settings. Check out Use MetaMask for Binance Smart Chain to get started.

Dapps you can interact with now on Binance Smart Chain: Click on the pictures to go Play Now!

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