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Inside our development house of highly skilled and experience entrepreneur and development team a plan was introduced to combat high fees arising through Ethereum network for transaction and reduce the amount of time required for confirmations. In Q2 2021 our team has come up with an excellent solution to build an token based on BEP20 BSC network which is currently widely supported by exchanges and for foremost project from Binance which is one of the biggest crypto exchange in the world with respect to volume trading and numbers of users & acquisition, largely spread over 150 countries worldwide Binance Smart Chain (BSC) allows developers to build a Staking and GameFi Protocol within the Binance network.It is regarded as one of the most popular networks among investors and developers in the GameFi industry and is growing rapidly. Therefore, it is interesting to utilize it as an infrastructure for GameFi development. Furthermore, it cooperates with the BEP-20 Smart Contract Standard for issuing a new token on Binance Smart Chain (BSC) network, which is similar to Ethereum’s ERC-20 Smart Contract Standard. As part of Ethereum, Binance Smart Chain (BSC) network is able to run Smart Contract in the same way as Ethereum, which allows a fast bootstrap for the network. Low Transaction Fee
Fee Transaction, also known as Gas Fee, is the fee that users are required to pay when transacting on blockchain. This fee will be awarded to the miners or validators for verifying that the blockchain is logged and processes the transaction correctly. The vast majority of DeFi applications involve transactions, and there is a fee associated in every process. Therefore, the blockchain fee is an important factor to consider choosing a blockchain network to make a transaction with a blockchain network. Nonetheless, Binance Smart Chain (BSC) blockchain fee is significantly cheaper than Ethereum.
Fast Transaction Connection
Transactions on blockchain require a certain amount of validation before the transaction is completed. The reason for confirmation is to avoid the risk of double payment. The longer the confirmation time requires, the more transaction time it takes. Therefore, avoiding unnecessary delay in transactions is another major factor that has to be taken into consideration when choosing a blockchain network. Binance Smart Chain (BSC) is created to increase transaction speed, higher efficiency and low latency but it is designed to support smart contracts and increase scalability on high-traffic blockchain. So it can adjust the use of smart contracts to be more intuitive to create decentralized applications (DApp) that can handle a large number of transactions. Binance Smart Chain (BSC) is compatible with smart contracts for decentralized applications and able to connect to Binance Chain to provide faster confirmation time and higher transaction processing speed.