Binance Smart Chain (BSC) operates as a parallel blockchain to Binance Chain, designed to support decentralized applications (dApps) and decentralized finance (DeFi) projects. BSC is compatible with the Ethereum Virtual Machine (EVM), allowing developers to easily port over Ethereum projects. It uses Proof of Staked Authority (PoSA) to achieve consensus, offering low transaction fees and fast confirmation times, making it a popular platform for DeFi protocols, decentralized exchanges, and NFT marketplaces.
Binance Smart Chain
Active
BNB
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Chain Information
A fast and low-cost blockchain designed for decentralized applications and DeFi, compatible with Ethereum's ecosystem.
Block Time
3
Chain ID
56
Wallets
Metamask, Trust Wallet
Validators
21
Consensus
Proof of Staked Authority (PoSA)
Tx. Fee type
Gas-based (Gwei)
Token Standard
BEP-20, BEP-721
Circulating Supply
N/A
Market Cap
$32.3B (BSC)
Coin Price
$213.57
Volume (24h)
$2.1B
More integrations.
Binance Smart Chain
Proof of Staked Authority (PoSA)
Fantom
Lachesis (aBFT)
Avalanche
Avalanche Consensus (DAG)