![]() Learn more: How to use BSC wallet with imToken? Other Wallets That Support BSCīinance, one of the leading exchanges, launched Binance Chain in April 2019. Note: Check the website security certificate before downloading UseĮnter the asset page of the ETH wallet, click “Ethereum” at the top and click “BNB Smart Chain” to switch to the BSC wallet for transferring and receiving money, and exploring its ecosystem. Take imToken for example, first download and install imToken ( ) and create/import an identity wallet. imToken supports Binance Smart Chain (BSC) rolling new DeFi Portfolio features.An Introduction to Binance Smart Chain (BSC). ![]() 21 validators of them are responsible for on-chain transaction validation and block production, while the other 20 serve as candidate block producers.īSC produces 1 block every 3 seconds, and when a validator produces a valid block, he will be rewarded with the miner's fee for all transactions in the block, but unlike Bitcoin, BSC validators do not have block rewards. How Does BNB Smart Chain Work?īSC adopts Proof of Staked Authority (PoSA), which allows holders of its native token, BNB, to vote for 41 validators. Compared with Ethereum, the transaction fees are lower and confirmation time is faster. BNB Smart Chain (formerly Binance Smart Chain) is a blockchain developed by Binance, one of the leading cryptocurrency exchanges, using Proof of Staked Authority (PoSA).īSC supports smart contracts and is EVM-compatible, allowing developers to deploy smart contracts and build DApps on BSC conveniently.
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