What is Binance Smart Chain?and How to withdraw BEP-20 tokens
While Binance Chain offers high throughput of active crypto transactions, it lacks in programmability. Binance Smart Chain exists to change that. Binance launched Smart Chain to provide a high-speed, low-cost alternative to the booming decentralized finance (DeFi) market, which is constrained by Ethereum’s high transaction fees. Binance Smart Chain was launched in September 2020, with a block time of 5 seconds, supports cross-chain asset transfer, has EVM compatibility, and adopts a proof-of-stake consensus protocol to ensure scalability.