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Binance Smart Chain was launched in September 2020 by Binance, three years after the BNB coin. It is a blockchain service that allows developers to build their own decentralized applications using Smart Contracts.

Last Page Update

October 2, 2021

Founder(s)

Changpeng Zhao

Mainnet Launch

September 2020

Consensus

Proof of Staked Authority

Architecture

Single-chain (Synchronous)

Security

Shared

Validators

~21

Type

Layer 1

VM/Dev

EVM (Solidity/Vyper)

TPS

100

Economics

Variable Tx Fees

Avg Tx Fee

~$0.15

Rating:

Transaction speed and network scalability

3/5

Operating mechanism and validators

4/5

Functioning of the economy and distribution

4/5

Scope of the ecosystem and partners

5/5

Team experience and community strength

5/5

Cost of transaction fees (the higher the score is, the lower the fees are)

3/5

Cryptocurrency:

Blockchain Categories:

0
Tags
Platform
Payments
Marketplace
Exchange
Can be Staked ?
Yes
0 %
Annual Interest

Community rating:

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0 out of 5 stars (based on 0 reviews)
Excellent 0%
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Average 0%
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