The Role of Binance Smart Chain (BSC) in DeFi Evolution
Scalability:
BSC provides a faster and cheaper alternative to Ethereum for DeFi applications.
Interoperability:
BSC is compatible with Ethereum Virtual Machine (EVM), allowing easy migration of dApps.
Ecosystem Growth:
Projects like PancakeSwap and Venus highlight BSC’s growing ecosystem.
Challenges:
Critics argue centralization risks exist due to Binance’s heavy influence on BSC.
