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Binance Smart Chain

A network for decentralized finance (DeFi)

The Robust Consensus Mechanism of Binance Smart Chain

Binance Smart Chain (BSC) is a parallel blockchain to Binance Chain that combines the Delegated Proof of Stake (DPoS) and Proof of Authority (PoA) consensus mechanisms. This unique approach aims to provide a robust and efficient platform for decentralized applications (DApps) and digital asset issuance.

High Security and Fast Block Confirmation Times

In BSC, blocks are produced by a limited set of validators who take turns to create blocks in a Proof of Authority (PoA) manner, similar to Ethereum's Clique consensus design. This consensus mechanism ensures a high level of security and immutability while maintaining fast block confirmation times.

Staking-Based Governance for Decentralization

The validator set in BSC is elected based on a staking-based governance system. Validators are chosen and can be replaced through a staking process, where participants stake BNB (Binance Coin) to support their preferred validators. This governance model promotes decentralization and community participation in the network's operation.

Seamless Compatibility with Ethereum Smart Contracts and DApps

BSC remains compatible with the Ethereum Virtual Machine (EVM), allowing developers to seamlessly deploy their Ethereum-based smart contracts and DApps onto the BSC network. This compatibility extends to existing Ethereum tools, libraries, and developer resources, simplifying the migration process for projects from Ethereum to BSC.

Cost-Effective Environment for Users and Developers

One of the key advantages of BSC is its ability to offer a cost-effective environment for users and developers. The combination of DPoS and PoA consensus enables BSC to achieve fast block times and low transaction fees, making it an attractive choice for various use cases, including decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and decentralized exchanges (DEXs).

BEP-20 Token Standard and Interoperability

BSC supports the BEP-20 token standard, which is akin to the widely adopted ERC-20 standard on Ethereum. This compatibility allows for easy integration of existing tokens and DApps into the BSC ecosystem, promoting liquidity and interoperability within the network.

Empowering Scalable and Decentralized Applications

With its innovative consensus mechanism, EVM compatibility, and cost-effective nature, Binance Smart Chain offers a powerful blockchain platform for building scalable and decentralized applications. By combining DPoS and PoA, BSC strives to provide a secure and efficient environment while involving the community in the network's governance and operation.

Smart Contracts in Binance Smart Chain

The following smart contracts are available and ready to be deployed and used in the WPSmartContracts Smart Contracts suite, without the need for coding.

ERC20/BEP20

Vanilla

Standard Gas Saving Token

ERC20/BEP20

Pistachio

Improved Security Token

ERC20/BEP20

Chocolate

Advanced Token

ERC20/BEP20

Macadamia

Reflection Token

Staking

Ube

Staking Tokens

Staking

Almond

Advanced Staking Tokens

Crowdfunding

Mango

Safe Crowdfundings

ERC-721 NFT

Mochi

Standard ERC-721 NFT

ERC-721 NFT

Matcha

ERC-721 NFT Marketplace

ERC-721 NFT

Suika

Advanced ERC-721 NFT Marketplace

ERC-1155 NFT

Yuzu

Standard ERC-1155 NFT

ERC-1155 NFT

Azuki

ERC-1155 NFT Advanced Marketplace

ERC-1155 NFT

Ikasumi

ERC-1155 NFT Advanced Token Marketplace

ICO

Bubblegum

Initial Coin Offering (ICO)

ICO

Caramel

Advanced Initial Coin Offering (ICO)

Comparison of Blockchain Networks

Explore the technical specifications and main features of various blockchain networks

	Ethereum	Arbitrum	Binance Smart Chain (BSC)	Polygon (Matic)	Avalanche C-Chain	Fantom Opera
Main Features	Robust ecosystem, widely adopted, extensive developer community	Scalability, lower fees, Ethereum compatibility	Fast and low-cost transactions, Binance ecosystem integration	Scalability, Ethereum compatibility, cross-chain transfers	High throughput, low latency, robust consensus	Fast finality, Ethereum compatibility, high performance
Smart Contracts	Ethereum VIrtual Machine	Ethereum VIrtual Machine	Ethereum VIrtual Machine	Ethereum VIrtual Machine	Ethereum VIrtual Machine	Ethereum VIrtual Machine
Token Standards	ERC-20, ERC-721, ERC-1155	ERC-20, ERC-721, ERC-1155	ERC-20, ERC-721, ERC-1155	ERC-20, ERC-721, ERC-1155	ERC-20, ERC-721, ERC-1155	ERC-20, ERC-721, ERC-1155
Consensus	Proof of Stake (PoS)	Optimistic Rollup (PoA)	DPoS and PoA	Proof of Stake (PoS)	Avalanche consensus (PoS)	Lachesis consensus (aBFT)
Average TPS	Varies (15-30 TPS)	Varies (200-4000 TPS)	15-60 TPS	Varies (up to 7,000 TPS)	Varies (4500+ TPS)	Varies (3000+ TPS)
Block Time	Approximately 15 seconds	Varies (approx. 5-15 mins)	3 seconds	Approximately 2 seconds	Approximately 5 seconds	Approximately 1 second
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Binance Smart Chain

Get your dApp up and running in just a few days

The Robust Consensus Mechanism of Binance Smart Chain

High Security and Fast Block Confirmation Times

Staking-Based Governance for Decentralization

Seamless Compatibility with Ethereum Smart Contracts and DApps

Cost-Effective Environment for Users and Developers

BEP-20 Token Standard and Interoperability

Empowering Scalable and Decentralized Applications