Review on Binance by Merve Duru
Binance Smart Chain about
With Binance Smart Chain, you can develop decentralized applications (dApps) on the Binance Chain ecosystem and build products for the DeFi industry. The infrastructure of this blockchain allows Binance Chain to work with the Binance DEX decentralized exchange and various cryptocurrencies. Also, the Binance Smart Chain blockchain is compatible with the Ethereum Virtual Machine (EVM), which means integrating Ethereum-based tools.
Another key feature of the Binance Smart Chain is a bet on BNB, one of the top ten coins by market cap. Thanks to the Proof of Staked Authority (PoSA) consensus mechanism, Binance Smart Chain validators will receive BNB rewards for completing tasks. This will motivate the participants in the network and ensure the network runs smoothly without slowing down transactions.
Binance Smart Chain will drive the evolution of decentralized financial services. DeFi interoperability will be improved through cross-chain mechanisms.
Users will be able to earn income through staki
Pros
- It has good functionality and is promising for the future.
Cons
- operation difficulty
New products
Comments (1)
November 30, 2020
Hi, I read your comment about the Binance Smart Chain and liked it very much. I'm just learning what you're saying, and it's helped me a lot. Thank you for sharing this information.
Also, you forgot to mention the plus aspects, and if you update your comment, I recommend adding the plus aspects.
