#BSCTradingTips BSC (Binance Smart Chain) – is a blockchain platform created by the Binance exchange to support fast and cheap transactions, as well as to launch smart contracts and decentralized applications (DApps).

Key features of BSC:

Fast transactions – blocks are generated every ~3 seconds.

Low fees – significantly cheaper than the Ethereum network.

Compatibility with Ethereum (EVM) – allows for easy migration of applications from Ethereum to BSC.

Decentralized finance (DeFi) – a popular platform for DEX (PancakeSwap), staking, and farming.

BEP-20 tokens – the token standard on the BSC network, analogous to ERC-20 on Ethereum.

In 2022, Binance merged Binance Chain and Binance Smart Chain into a single ecosystem called BNB Chain, which includes BNB Beacon Chain (governance) and BNB Smart Chain (BSC) (smart contracts).