Binance Smart Chain
Binance Smart Chain (BSC) is a blockchain platform developed by Binance that runs parallel to Binance Chain, offering smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). It enables developers to build decentralized applications (dApps) and deploy tokens using the BEP-20 token standard, which is similar to Ethereum's ERC-20. BSC is known for its high throughput and low transaction fees, making it a popular choice for DeFi and NFT projects.
Developers should learn Binance Smart Chain when building decentralized applications that require fast and cost-effective transactions, especially for DeFi protocols, NFT marketplaces, or cross-chain integrations. It's useful for projects targeting users in regions with high Ethereum gas fees or those seeking interoperability with the broader Binance ecosystem. BSC's EVM compatibility allows easy migration of Ethereum-based dApps, reducing development time.