Binance Smart Chain (BSC), which runs parallel to Binance Chain, was previously deemed a layer two or off-chain scalability solution. However, it is actually an independent blockchain that overcomes the flexibility issues presented by the Binance Chain. It’s compatible with the Ethereum Virtual Machine (EVM), offering faster transactions and far lower gas fees.
Prime Web Technologies is the top Binance Smart Chain Development company in Dubai, UAE, that has served multiple businesses with blockchain projects using Binance Smart Chain. We have a complete team of blockchain experts on board, including Solution Architects, Project Managers, Backend Developers, Frontend Developers, Smart Contract Developers, QA Engineers, DevOps Engineers, etc., who hold expertise in working on Binance Smart Chain.
We provide comprehensive Binance Smart Chain development services to deliver innovative decentralized solutions that ensure efficient operations, quick transactions, and cost-effectiveness. Get in touch to know more about our services!
Binance Smart Chain has a fast block confirmation time, which allows the blockchain network to process transactions quickly. Users using the blockchain solution built on BSC, such as dApps or wallets, can benefit from faster transaction processing and a better user experience.
Transactions that would cost a few dollars on Ethereum are often completed for only a few cents on Binance Smart Chain. Proof-of-Staked Authority (PoSA), the consensus method used to process transactions, is primarily responsible for this. This lower fee is what makes BSC useful for powering a cost-effective financial crypto ecosystem.
Binance Smart Chain is Ethereum Virtual Machine (EVM) compatible. Thus, most Ethereum-based dApps can migrate to the Binance Smart Chain without major code changes. This enhances the cost-effectiveness due to the BSC and maintains Ethereum's high efficiency.
Binance Smart Chain (BSC) has high interoperability, which allows smooth cross-chain communication with other blockchain networks. Thus, the BSC-based decentralized application can support a variety of assets and interact with data from other blockchains.
Although Binance Smart Chain (BSC) operates under Binance, it still delivers the basic feature of Distributed Ledger Technology (DLT), and that is decentralization. It provides complete network security while also ensuring integrity by selecting Network Validators using BNB stakes.
Binance Smart Chain's dual-chain architecture enhances scalability by increasing transaction capacity and throughput compared to basic blockchain networks. Thus, businesses can easily expand their operations and provide seamless user experiences.
As a trusted and innovative Binance Smart Chain Development Company, we employ a powerful tech stack for BSC Projects. Here is the list of some of our highly reliable tools and technologies:
Building on the Binance Smart Chain blockchain takes the right strategy, structure, and execution. From planning and design to launch and post-deployment support, here is how our team approaches your BSC project:
First, we will have a discussion to understand your project expectations as well as business needs. Our blockchain consultants will identify how BSC's features can benefit your project.
Instead of directly moving toward coding, first, our team would do the research to define the right architecture, token standards, and tech stack for your BSC solution.
Still, after research, we don't jump into coding. Our blockchain designers would design the foundation so that we can move further. We craft the solution architecture to fit your desired features and integrate smoothly with other systems.
Now, the blockchain engineers actually start developing the BSC blockchain solution by using the most recent BSC development tools and frameworks. Stocking to BSC standards, we code and integrate smart contracts, dApps, DeFi modules, and user interfaces.
Before releasing the BSC application to the market, our QA team conducts extensive QA testing across testnet, devnet, and mainnet environments. It is crucial to identify issues and handle them in a timely manner.
We don't just launch your product and leave it up to you. We would deploy your solution on the Binance Smart Chain mainnet and continuously monitor it for areas that could be upgraded, as well as adding new functionalities.
Prime Web Technologies is a leading Binance Smart Chain Development Service provider in Dubai, UAE. We are equipped with the necessary talent and technological infrastructure to best serve the diverse needs of various BSC projects.
Although both are launched by Binance, Binance Smart Chain (BSC) is specifically designed to support smart contracts and decentralized applications (dApps) functionality. Whereas, Binance Chain is built for trading and issuance of digital assets on its decentralized exchange (DEX).
Binance Smart Chain has various applications within the blockchain ecosystem due to its numerous benefits, including high performance, low costs, faster transactions, better interoperability, decentralization, and more.
Binance Smart Chain has a block time of around 3 seconds and processes over 100 transactions per second, which is much faster than Ethereum.
Binance Smart Chain is a powerful blockchain network that can be used to build dApps, wallets, exchanges, tokens, DeFi platforms, smart contracts, NFT marketplaces, and much more.
It depends! The cost of developing a Binance Smart Chain application varies depending on the application type, required features, level of customization, and many other factors.
