Поиск сообщества

Consensus Binance Smart Chain achieves ~3 seconds block time with Proof-of-Stake as a convention. This blockchain uses a system called Proof of Staked Authority (or PoSA), in which network participants stake BNB to become validators. It is important to note that, unlike most protocols, there is no subsidy block for newly minted BNB, as BNB is non-inflationary. On the other hand, the supply of BNB decreases over time, as the team regularly burns coins. Cross-chain compatibility The Binance Smart Chain is designed as a standalone system, but also complements the existing Binance Chain. A dual-chain architecture is used, with the idea that users can seamlessly transfer assets from one blockchain to another. In this way, trading can be enjoyed quickly on Binance Chain, a bep20 token development, while powerful decentralized applications can be built on BSC. With this interoperability, users are presented with a broad ecosystem that can meet a variety of use cases. Binance Chain's BEP-2 and BEP-8 tokens can be exchanged for BEP-20 tokens, a new standard introduced for Binance Smart Chain. read You read Getting to Know the ERC-20 Token? If so, then you should be familiar with the BEP-20 format, which uses Ethereum-like functionality. To move tokens from one chain to another (e.g. from BEP-2 to BEP-20 or vice versa), the simplest method is probably using the Binance Chain Wallet, available in Chrome and Firefox. See Using the Binance Chain Wallet Extension for the guide. Decentralized Finance on Binance Smart Chain You may know that a number of digital assets – such as BTC, LTC, ETH, EOS, or XRP – already exist on the Binance Chain as pegged coins or “peggy coins”. This token is pegged to an asset in its chain of origin. For example, you decide to lock up 10 BTC to receive 10 BTCB on Binance Chain. At any time, you can exchange your 10 BTCB for 10 BTC, this means the BTCB price must follow the original BTC price. In this way, you are effectively transferring the asset to the Binance Chain. Due to the flexibility that Binance Smart Chain provides (bep20 development), assets from different chains can be used in the ever-evolving DeFi world. For example, apps like PancakeSwap allow users to exchange assets without having to trust an counterparty (such as Uniswap), engage in produce farming, and vote on proposals. Other similar projects include BurgerSwap and BakerySwap (if you are new to crypto this is what you need to know, we are big fans of decentralized exchanges that are picky with food). Conclusion Binance Smart Chain extends the functionality of the original Binance Chain at scale, and incorporates the latest protocols designed to bridge the gap between different blockchains. While still in its infancy, staking BNB as well as leveraging EVM make this platform the ideal engine to attract developers looking to build robust decentralized applications.