Why BSC

Learn why we believe Binance Smart Chain is suitable for this PREBIT:

Lower Transaction Fees

BSC is known for its significantly lower transaction fees compared to other major blockchains like Ethereum. This makes it attractive for developers and users who are sensitive to high gas prices.

Faster Transaction Times

BSC boasts a block time of approximately 3 seconds, resulting in faster transaction confirmations. This provides a smoother experience for end-users.

Compatibility with Ethereum

BSC is EVM-compatible, meaning it can run Ethereum-based applications and use tools like MetaMask, Remix, Truffle, and others without significant changes. This makes it easier for developers to port or deploy dApps built for Ethereum over to BSC.

Active and Growing Ecosystem

Binance has actively encouraged the development of its smart chain, leading to a rapidly growing ecosystem of dApps, tokens, and projects. BSC's DeFi ecosystem, in particular, has seen considerable growth.

Strong Support and Resources

Binance, being a major global exchange, has the resources to support, promote, and invest in projects on its chain, offering grants and other incentives for developers.

Cross-Chain Compatibility

Binance has introduced features that allow for cross-chain transfers and interoperability with other chains, expanding possibilities for dApp functionalities.

Security

BSC uses a consensus model known as Proof of Staked Authority (PoSA), which combines elements of PoS and PoA, resulting in a network of 21 validators that produce the blocks. This setup provides a good balance of speed and security.

Large User Base

Given Binance's position as one of the world's largest crypto exchanges, projects built on BSC can potentially tap into a vast user base.

Built-in Decentralized Exchange

BSC has PancakeSwap, one of the largest decentralized exchanges, which provides an immediate platform for tokens and projects to gain liquidity.

Accessibility

BSC's on-ramps and off-ramps with the Binance exchange simplify the process for users to move funds between the chain and other platforms or fiat.