- WHAT IS BINANCE SMART CHAIN?
. Binance Chain was launched in April 2019. Its focus is on facilitating a fast, decentralized (or unsupervised by third party) trading environment. Binance Smart Chain (BSC) is a blockchain that runs in parallel with Binance Chain. Unlike Binance Chain, BSC has smart contract functionality and compatibility with Ethereum Virtual Machine (EVM).
2. ADVANTAGES OF BINANCE SMART CHAIN:
_ A rich and growing crypto asset ecosystem powered by Binance DEX, leading decentralized exchange
_ Cheap transaction fee
_ High performance with a network capable of generating a block every 3 seconds
_ The cross-chain DeFi mechanism enhances the interoperability of DeFi
_ Get financial support from Binance and launch many DeFi projects
_ Reach millions of users on Binance.com and Binance DEX
_ A large network of crypto projects has partnered with BSC
3. HOW TO USE BINANCE SMART CHAIN?
_ Download MetaMask for Chrome or download mobile app version (iOS and Android)
_ Complete the steps to create an ETH wallet
. If you just like to create ETH wallet on MetaMask, read the following article: https://syndicator.vn/huong-dan-su-dung-vi-metamask-tren-ios-android.html
_ Setting: Once we have our ETH wallet, we are about to convert to BSC Click “Main Ethereum Network” at the top
_ Choose “Custom RPC”
_ Enter parameters for BSC You fill in the following parameters to set up your BSC wallet:
Network Name: Binance Smart Chain
NEW RPC URL: https://bsc-dataseed.binance.org/
ChainID: 56
Symbol: BNB
Block Explorer URL: https://www.bscscan.com
_ Click “Save” to complete
CONGRATULATION You have completed creating a wallet for Binance Smart Chain!
THANK YOU!
