The absence of smart contracts was a major hurdle that necessitated the creation of the Binance Smart Chain seeking to build upon the efforts of its predecessor, Binance Chain to create a better blockchain and ultimately a healthier cryptocurrency ecosystem for users. The revolutionary chain was still plagued with issues of scalability and flexibility which cast a shadow over the benefits it afforded users.
Back then, it was a revolutionary move for the exchange as they tried to explore a whole new frontier from their traditional crypto exchange service.īinance Chain offered speeds that were relatively unheard of in 2019 and took things a notch higher by also launching Binance DEX which has metamorphosed into one of the best decentralized exchanges in the world.įor all its speed, security which it offered to users, non-custodial nature, Binance Chain was far from perfect. Let’s take it back to April 2019, when the largest cryptocurrency exchange, Binance decided to float their Blockchain called Binance Chain.
Look no further as we will walk you through everything you need to know on the subject, including a step by step guide to beginning your journey with Binance Smart Chain. Chances are you may have heard about Binance and you might be wondering what the fuss is all about with the Binance Smart Chain that has been making the rounds through the crypto community.
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