Originally published in the NOWNodes blog.Binance smart chain became live on its mainnet on 17th September 2020. It took five months for the smart chain to go live since it was announced in April 2020. Since recently we added support to Binance Smart Chain, we will cover it in our next article.Source: BinanceBinance smart chain runs parallel to the Binance chain. Binance Chain is a fast and secure decentralized exchange for digital assets. It is based on a highly performant matching engine and is developed on distributed consensus. Programming languages for the Binance chain include GO, Java, Javascript, C++, C#, Python, and Swift.Binance smart chain goes a step further. It aims at providing an architecture that will simultaneously serve two purposes. On one hand, BSC enables the users to build their apps and digital assets on one blockchain. On the other blockchain, it allows the users to leverage the facilities of fast trading.In terms of its features, the Binance Smart Chain is EVM compatible. It is built on proof of stake consensus-building mechanisms. The dual chain architecture of the BSC enables it to do cross-chain transfers and trades. The block time of BSC is approximately 5 seconds.Several reasons motivated Binance to launch the smart chain. At the core of it all, the objective of Binance was to improve the freedom of assets. The team of Binance and the global team of developers involved in it aimed to develop an internet of blockchain where the interoperable DeFi money legos would be blockchain agnostic. Moreover, the users would be able to flow free based on their needs and choices. In all these, the Ethereum mainnet would be serving as a global settlement layer.Apart from this broad scheme of things, the Binance smart chain also has some specific advantages.EVM compatibility: Since the smart\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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