Binance Smart Chain (BSC) is a blockchain network launched by Binance in September 2020. It is designed to be a high-performance blockchain that is compatible with the Ethereum Virtual Machine (EVM) and supports smart contracts.
Binance Smart Chain is built on a Proof of Stake (PoS) consensus mechanism and uses a dual-chain architecture that allows it to be compatible with the Ethereum network while also providing faster transaction speeds and lower transaction fees.
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