Binance Smart Chain
THORChain connected Blockchain
Binance Smart Chain, now known as BNB Chain, is a blockchain compatible with Ethereum's virtual machine, allowing developers to build decentralized apps with low fees. It uses a proof-of-stake authority consensus for quick block times and high throughput. This makes it attractive for DeFi and gaming projects seeking affordability.
The native token, BNB, serves multiple purposes like paying transaction fees and participating in governance. BNB Chain connects to the Binance exchange ecosystem, facilitating easy token swaps and liquidity. It balances speed and cost-effectiveness while supporting a wide range of smart contracts.