Blockchain
By Dan Saada
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Godex Shout Out You Tube Channel Stated: Binance Smart Chain is essentially a clone of Ethereum, but much more centralized.
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Because of this, Binance can handle twice as many transactions per second and it is way cheaper.
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Instead of building their own brand new blockchain, Binance is really smart to clone an Ethereum. This turned on to be a super savvy move.
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Users were also able to use common wallets like MetaMask for the Binance Smart Chain network without having to switch to a new wallet and learn a new one from scratch.
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Many of the early projects on BSC has had huge traction, the crown jewel of them all could be pancakeswap and it has been indexed pretty similar to Uniswap.
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Another project, that users can keep their eye on is the AutoFarm which is a Defi project, which automates yield farming strategies for users.
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Something that is very notable is the Crypto Punks. They are really very popular NFTs – a crypto collectible project on Ethereum.
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Things also have a really strong incentive to move over to BSC because CZ of Binance will help them get exposure on Twitter.
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BNB has now yet another source for demand, rather than just a discount on training fees on spot exchange. All these builders are rushing to BSC.
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