Binance Smart Chain, or BSC, is an Ethereum-compatible blockchain that offers the same smart contract features. BSC, is a blockchain network of the Chinese trading platform Binance. Binance Smart Chain is particularly suitable for executing applications based on smart contracts. BNC offers fast and comparatively cheap transactions as well as compatibility with the Ethereum Virtual Machine (EVM), which is why Binance Smart Chain is very popular. Binance Smart Chain works with the so-called Proof of Staked Authority (PoSA) which is a mixture of delegated Proof of Stake (DPoS) and Proof of Authority (PoA).
