What is Binance Smart Chain ?

What do we know about Ethereum’s strongest competitor?

What is Binance Smart Chain?

How to use Binance Smart Chain?

  1. Create an account in Binance
  2. Buy Binance Coin (BNB)
  3. Download Currency Password Wallet
  4. Connect the wallet to the Binance smart chain

What can be done at Binance Smart Chain?

Trade

Fixed currency exchange

Yield Farming

Non-fungible Tokens (NFT)

  • Pancakeswap
  • Venus
  • Burgerswap
  • Pancakebunny
  • Swap
  • Sutria
  • Julswap
  • Panterswap
  • Autofarm
  • 1inch
  • Bakeryswap
  • Mdex

The use of Binance Coin digital currency on Binance Smart Chain

  1. Binance Coin BEP-20 in Binance Smart Chain
  2. Binance Coin BEP-2 in Binance Chain
  • Exchange it with other digital currencies in digital currency exchanges
  • Transaction fee payment
  • Payment of transaction fees
  • Participation in token sales held at Binance Launchpad
  • To earn Binance Coins in the main Binance exchange where this token can be used in services such as sticking, launch money, Binance Coin fund and liquidity exchange
  • As a tool token of Binance Smart Network in games and other decentralized applications
  • Use Binance Pay and Binance card to buy
  • As collateral for Binance digital currency loans backed by Binance Coin
  • Donate to your Binance charity

Benefits of Binance Smart Chain

  1. Low gas fees
  2. Higher transaction speed
  3. Large user base
  4. Multilingual
  5. Interactivity and compatibility
  6. Ease of transfer of tokens

Disadvantages of Binance Smart Chain

  1. Centralized
  2. Inflatable tokens
  3. Small governing community
  4. Vulnerability to attacks
  5. Validation of validations
  6. Dependency on Ethereum

How does Binance Smart Chain work?

Delegated Proof-of-Stake (Dpos)

Proof of validity

What are the best currencies in Binance Smart Chain?

  • Chainink
  • BUSD
  • Uniswap
  • Avalanche
  • Dodgecoin
  • Polkadot
  • Cardano
  • Binance Coin

The best Binance Smart wallets

  • Metamask; A popular insecure wallet that integrates into a user’s web browser and then connects to decentralized applications. From here, you can learn more about Metamsk and how to use it. Metamsk also supports the integration of the most popular Trezor and Ledger hardware wallets with the aim of rapidly expanding the use of its wallet.
  • Trust Wallet; this wallet, which was purchased by Binance Exchange, in addition to supporting Tezos in April 2019, provided the possibility of sticking. This wallet is available as an integrated decentralized application browser for Android and iOS operating systems. Trust Wallet currently supports more than 40 blockchains and 160,000 tokens.
  • SafePal; for added security, this wallet is available not only as a mobile wallet but also as a hardware wallet called SafePal S1. At about $50, SafePal is a great wallet for cold storage and anti-hacking of digital currencies. SafePal wallet supports 20 blockchains and 10,000 tokens.

In Conclusion

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Atieh Gostar Computer Software Company (i-dev Software Group) Ltd and registration number 550646 were registered with the Tehran Registrar of Companies …

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Atieh Gostar Computer Software Company (i-dev Software Group) Ltd and registration number 550646 were registered with the Tehran Registrar of Companies …

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