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Binance Smart Chain

What is Binance Smart Chain?

Binance Smart Chain is a parallel blockchain to Binance Chain, created by Binance to offer a faster and low-cost alternative for decentralized applications (DApps) and smart contracts. Launched in 2020, BSC aims to provide compatibility with Ethereum tools and support for a wide range of DApp use cases.

Key Features

  • Smart Contract Support
  • Compatible with Ethereum Ecosystem
  • Delegated Proof of Stake (DPoS) Consensus
  • Fast and Low-Cost Transactions
  • Interoperability with Binance Chain

Use Cases

BSC is used for building decentralized applications, issuing and trading tokens, implementing DeFi protocols, and various other use cases that benefit from a fast and cost-effective blockchain platform.

Visit their official website to learn more:
Accounting Features Supported for
Binance Smart Chain
Unrealized G/L & Impairment Calculation
Reconciliation & Sanity Checks
DeFi Protocols
NFTs Valuation
Automated Rule Categorization
Integration to ERPs, QBO, Xero, Netsuite, etc.

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