Binance Smart Chain (BSC) allows developers to create their own decentralized applications (dapps) utilizing smart contracts. BSC was designed to conduct fast transactions and allow developers to create additional features and capacities. It also works with the Ethereum Virtual Machine and can run dapps that have been ported from Ethereum, adding to its interoperability. Additional benefits are:
- Minimal transaction fees, as little as one cent.
- Transactional speed of 35 per second.
- Increased performance thanks to 3 second block time.
- Binance ecosystem is extremely helpful, funding and developing in DeFi projects.