It has fast block times (3 sec), sufficient decentralized and low transaction costs.īinance smart chain mainnet went live recently and many DeFi projects already started building on it. It’s an Ethereum Virtual Machine compatible delegated-PoS blockchain. Now this is where Binance smart chain comes in. With tens and at times even hundreds of dollars in fees it becomes impossible for an ordinary user to participate in these DeFi applications. With the outbreak of DeFi (Decentralized Finance) economy the Ethereum network is getting congested and the cost of a transaction on Uniswap is only getting higher. But the problem is Ethereum’s current gas fees. Simply put, Yield farming is a strategy where users put their crypto assets to work and generate the most possible returns on those assets. The Binance team is also working on several other projects to support the growth of the Binance Smart Chain ecosystem, including a cross-chain bridge that will allow users to move assets between their network and Ethereum.Well you know what’s everyone in the crypto space is talking about its DeFi and you know what’s a hot trend in DeFi? It’s Yield Farming! A developer portal that provides resources and documentation for building on Binance Smart Chain.A staking portal that allows users to easily stake their BNB tokens and earn rewards.A DEX aggregator that provides users with liquidity from multiple exchanges in one place.The Binance team has created a set of powerful tools and services to support the growth of the Binance Smart Chain ecosystem. The native token of the Binance Smart Chain network is BNB. The information below is the verified RPC endpoints to add the Binance Smart Chain network to a MetaMask wallet.īinance Smart Chain is a high-performance blockchain layer 1 protocol with a wide range of applications in the DeFi space. If you prefer to manually add the BSC network to your MetaMask wallet instead of using ChainList, you can do so by inputting the RPC details directly into the app. How to Add Binance Smart Chain to MetaMask.
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