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Binance Smart Chain (BSC) is the name of Binance’s layer-1 blockchain. According to Binance Academy, layer 1 refers to a base blockchain that can independently validate and finalize transactions.
Supports Turing-complete smart contracts. 2015 Ethereum Classic: ETC EtcHash/Thanos [53] PoW: An alternative version of Ethereum [54] whose blockchain does not include the DAO hard fork. [55] Supports Turing-complete smart contracts. 2015 Nano: XNO, ΣΎ Colin LeMahieu Blake2: C++ [citation needed] Open Representative Voting [56]
In April 2019, Binance launched Binance Smart Chain, which has smart contract functionality and is an Ethereum competitor. In February 2018, Forbes placed him third on their list of "The Richest People In Cryptocurrency," with an estimated net worth of $1.1-2 billion. [14] [16] In 2019, Zhao launched Binance's U.S. affiliate, Binance.US. [17]
The token was initially on the Ethereum network, then moved to BNB Smart Chain when it was released in September 2020. [86] [87] In February 2022, the company changed the token's name to Build'N'Build. At that time, Binance Smart Chain was also renamed to BNB Chain.
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Binance Smart Chain ? Binance: BNB PoS and PoA: Yes No Yes Immediate ? Binance Smart Chain is now merged with Binance chain and called BNB chain. Validators on BNB chain are chosen by BNB Beacon chain validators who are permissioned. Hence, BNB chain is considered permissioned. [29] Quorum Nov 22, 2016 ? Ether PoA with supermajority voting Yes ...
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