About Binance smart chain
The Binance Smart Chain, a new blockchain with a full-fledged ecosystem for developing high-performance decentralized applications, is here to change that. It was designed to be cross-chain interoperable, to ensure that users get the best of both worlds.
The Binance Chain, rebranded BNB Beacon Chain in 2022, was launched in April 2019 by Binance.
- Binance Smart Chain employs a Proof-of-Staked Authority (PoSA) consensus process, which is a hybrid of the proof-of-stake and proof-of-authority models.
- The cross-chain compatibility of Binance Chain and Binance Smart Chain provides developers with numerous opportunities.
- Binance, the world's largest centralized exchange, established both chains and has significant control over both, although to varying extents.
Here is a great resource for learning more about the Binance smart chain blockchain APIs.