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#Binance smart chain wallet vs metamask code

Issuance of new tokens based on the BEP-2 standard.Controlling token issuance and supply through minting, burning, locking/unlocking, or freezing/unfreezing.

Sending and receiving digital assets, including Binance native currency BNB.

According to Binance, the BC blockchain serves the following functions: It also targeted a sub-one-second transaction confirmation time for trades on the platform.Īs a blockchain, BC is structurally limited, only allowing for decentralized trading. It intended to introduce the popular Binance Exchange’s winning formula of an intuitive UI and optimized UX onto the DEX. Most other DEX’es in the market are laden with poor user experiences and clanky interfaces, something Binance aimed to change with its new offering. It jointly launched the Binance Decentralized Exchange ( DEX) with the blockchain, designed for high transaction throughput. What is Binance Chain (BC)?īinance launched the Binance Chain blockchain in April 2019 to support its vision for decentralized trading.

The crypto community refers to them as decentralized applications (dApps), and they are most popular on the Ethereum blockchain.Īn important question to ask at this point is that if Binance, the leading cryptocurrency exchange in the world, already had a blockchain, why did it create another one? Why a parallel chain instead of collapsing both into a single blockchain? And most importantly, how does BSC compare against Ethereum, currently the leading smart contract platform?

#Binance smart chain wallet vs metamask code

Smart contracts are pieces of code that execute automatically once a preset condition is met.

It was launched almost one and a half years after the latter with the explicit purpose of introducing smart contract programmability that was not supported in BC. Binance Smart Chain (BSC) is a blockchain that runs parallel to Binance’s premier blockchain Binance Chain (BC).