Plutos Network
What is Binance Smart Chain (BSC)
Binance Smart Chain or BSC is an alternative to Ethereum and other leading DeFi platforms. BSC gained popularity after Ethereum failed to prove viable to those who couldn’t afford the fees. Binance, a leading cryptocurrency trading exchange, announced BSC in September 2020. BSC is similar to Ethereum, but both aren’t the same. Ethereum uses proof-of-work consensus, while BSC uses delegated proof of stake, allowing it to process more transactions per second and at a lower cost.
Why Plutos Network on BSC?
Binance Smart Chain is a blockchain service that allows developers to build their own decentralized apps using smart contracts. Binance Smart Chain has been designed to provide the same kind of speedy transactions while also greatly expanding the available features and capabilities. It's also compatible with the Ethereum Virtual Machine (EVM), which means it’s capable of running dapps ported over from Ethereum.
- A rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchange
- Cheap transaction fees that reach as low as 1 cent
- High performance with a network capable of producing a block every 3 seconds
- Cross-chain DeFi mechanisms that increase DeFi interoperability
A supportive Binance ecosystem that funds and bootstraps many DeFi projects
- A growing ecosystem of millions of users across Binance.com and Binance DEX
- A network of major crypto projects already collaborating with BSC
It is the varsity of the Binance smart chain, that has made it more puplular and has lured Plutos Network to it.
John Joseph
official@plutos.network
