What is Binance Smart Chain (BSC)?
BSC was created with the sole purpose of sustaining the throughput of the Binance Chain + adding smart contracts to it. The main Binance Smart Chain (BSC) network was launched in September 2020
The need for BSC arose because of the limitations of the Binance Chain network, which, although having a high throughput, is not suitable for the development of dApps. A full working environment for running decentralized applications is available on BSC, and the block creation time is about 3 seconds.
Benefits of Binance Smart Chain:
- Intuitive user interface
- Low fees
- High performance
- DeFi interconnecting mechanisms
- Easy to use due to similarity with ETH (Metamask, etc.)
- Integration with TrustWallet
The Binance Smart Chain "fuel" is BNB. Its price has grown by 593% in 3 months.
The advantages of Binance Smart Chain have already been estimated by many users. Since the beginning of the year, the number of unique addresses in BSC network has increased 91 times, from 65 thousand to 59 million.
More and more emerging projects are opting for BSC as a blockchain of choice for launching a product.
FORSAGE is expanding opportunities for participants by providing not only a new blockchain to develop structures on a promising asset, but also new programs.
Learn more about this in a video by Lado Okhotnikov, one of the authors of the FORSAGE idea.