Contest Alert | The Tech Quiz - Season 34
Assalam o Alaikum how are uh all i am fine Alhumdulillah by the grace of Allah today am participant of Contest this contest organized by @malikusman1 today topic about the binance crypto is a blockchainto the network develaped by Binance to one of the world major on cryptocurency exchangging .
- The loaunching in the September 2020 BSC is dezigned to run related to binance Chain to the given a high to the performanse and low of the latensy block chain with smart to the differense functionallity. It is aiming to the suport decentralised aplications and desentralized finance environment.
What is the native token of BSC (Binance Smart chain). A small introduction.
The domestic of the token of Binance Smart to Chain is Binance Coin. BNB was the first start as an ERC 20 token on the ethereum price to blockchain but later migrated to the Binance chain and the BSC. BNB is used for the many motive within the Binance and environment counting to the paying for transection fees of the participating in token sales on Binance Launchpad and the suportive for the network verificetion.
Tell us about the top DEX on BSC.
The one of the most prominnent decentralised exchangging on the BSC is pancakeswap.the pancakeSwap is an electronics is the market maker that the allow to users to trading on the cryptocurencys to without an intervenour and the ofering liquidnes pools of the forming oportunities and the support opptions. Pancakeswap has be the gainned serioues popularitys due to its low transection fees and the fast transection speeds and a wide rangge of suported tokenes. It is also the featured inovative oferings such as lotery games and the projection markets and the NFT trading.
Future of Binance smart chain and its token.
The future of the Binance Smart of the Chain regards of the promissing as it continuess to the grow and atract more then projects and useres. this is the BSC to low feess and the high performancess have the create it is an atractive allternative to other the blockchain networkes to the particularlly for the DeFi projects. The continuoues develapment of the BSC environment included partnershipes to the new DApps and the protocolls of upgradding will the further enhance to its attack.
The bnb as the native for the token of the BSC will the likelly see the increassing utillity and the demand. this is expanssion of the BSC environment more the usess of the casess for the bnb will be the come up such as suport liquidnes provission and the participation in governanse. Aditionally of the Binance to the comitment to the quarterlly bnbof the burns will the help of the redusess to the token of the supplly to potentialy operate up its valued to over time.