But does Binance have a wallet? Sure, it was a matter of time. So far, many projects (DeFi pools, farms, exchanges) on BSC network work with MetaMask and TrustWallet. Besides, at its current stage, Ethereum cannot boast a high transaction processing speed. This is a great advantage over Ethereum's huge transaction fees: at times of network congestion, they can reach over $100. Its smart contracts are also compatible with Ethereum-based dApps (developers can easily transfer projects from the Ethereum network).īSC only charges a few cents per transaction and the network speed reaches around 300 transactions per second. It supports tokens of BEP and BEP8 standards, as well as BEP-20. It serves as an alternative to the Ethereum blockchain while offering higher transaction speed and lower fees. The Binance Smart Chain network was created by Binance exchange developers.
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