The Binance ecosystem's evolution marks a significant shift from its ERC-20 origins.
The Binance vision is for greater control and scalability, leading to the 2019 launch of Binance Chain, migrating BNB to its native blockchain.
This move from the Etheruem Blockchain was followed by the introduction of Binance Smart Chain (BSC), now part of the BNB chain, in 2020, which brought smart contract functionality, enabling DeFi and dApp development.
This transformation has allowed the Binance ecosystem to grow beyond a simple exchange, fostering a broad network of DApps.
Primarily the BNB robust ecosystem of top tier RPC plants ensures rapid and secure transactions; these ease of BNB transactions is the bane of Bridging and movement from. L1 to L2 in other ecosystems without a native Blockchain and exchange.
P.S
imagine 24hrs waiting for a transaction due to congestion; I've never heard this or seen such an error prompt on the BNB chain. (see photo )
share your thoughts and experiences.
