a.i & blockchain

difference between binance chain and binance smart chain

omg blockchain factory

binance smart chain: binance smart chain is a dual-chain architecture that empowers its users to build decentralized applications and digital assets on one blockchain and take advantage of fast trading to exchange on the other

evm compatible: as binance smart chain is built on ethereum virtual machine, for developers, it was easy to integrate their projects over ethereum and for users it was ebay to integrate metamask on the binance smart chain with a few simple settings.

proof of stake authority: through pos consensus, users can stake more high market value tokens.

cross-chain contact event(trade, transfer, and support): binance smart chain has lower transaction fees. for example, for a simple money transfer, it costs only 0.01 usd. the transaction fees are paid in bnb tokens.

binance chain governance: binance chain has its own in-built governance chain that allows the bnb holders to offer proposals for addition of trading pairs.

growth (1): binance smart chain platform allows smart contract and shorter block time. it is interoperable with a binance coin. it is also compatible with apps that are initially coded for ethereum.

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