Binance Smart Chain is an independent blockchain that works on Binance Chain. Binance smart chain runs similar and parallel to Binance chain that works based on smart contract functionality with the support of EVM called Ethereum virtual machine. This EVM integration provides a robust smart contract that is highly adaptable on blockchain network.
As it is an independent platform, it runs even when Binance chain is offline. Both the Binance and Binance smart chain pretend to be similar but Binance smart chain not bring off-chain scalability solutions. By considering it from a designer point, both the Binance chain and Binance Smart chain bears a well-built resemblance.
Features of Smart Contract on Binance Smart Chain
Herewith, some of the features of smart contract on Binance smart chain listed below:
- High Performance
- Low Transaction Fees
- Asset Transfer via Cross-Chain
- Staking BNB
- EVM Compatibility
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Edited on Jan 12 2021,01:31 pm