Binance Smart Chain
Binance Smart Chain (BSC) is a blockchain platform developed by Binance that runs in parallel with Binance Chain, offering smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). It uses a Proof of Staked Authority (PoSA) consensus mechanism for fast and low-cost transactions, making it popular for decentralized applications (dApps), DeFi protocols, and NFT projects. BSC aims to provide high performance while maintaining interoperability with other blockchains.
Developers should learn BSC for building scalable dApps that require low transaction fees and high throughput, such as DeFi platforms, gaming applications, and NFT marketplaces. It's particularly useful when targeting users who want Ethereum-like functionality without high gas costs, and for projects that benefit from Binance's large ecosystem and cross-chain capabilities with Binance Chain.