#TradingTypes101 The Binance Smart Chain (BSC) is a blockchain network that enables fast and low-cost transactions. Launched in 2020, BSC has gained popularity for its compatibility with the Ethereum Virtual Machine (EVM), allowing seamless integration with existing Ethereum-based applications. BSC's native cryptocurrency, Binance Coin (BNB), is used for transaction fees and governance. The network's high throughput and low latency make it an attractive choice for decentralized finance (DeFi) applications, non-fungible tokens (NFTs), and other use cases. With its robust ecosystem and growing adoption, BSC has become a significant player in the blockchain space, offering a viable alternative to other networks.