Introducing the Binance Smart Chain (BSC) on Filypto
The Binance Smart Chain (BSC) is now accessible on Filypto, as a safe and fast payment option. As of December 22nd, 2022, Filypto will receive payments on the Binance Smart Chain.
Utilizing the Binance Smart Chain for payments brings several advantages for users as follows:
High throughput:
Binance Smart Chain (BSC) is capable of processing a high number of transactions per second, making it suitable for high-traffic decentralized applications.
Low transaction fees:
BSC has low transaction fees, making it an affordable option for users and developers.
Interoperability:
BSC is interoperable with other blockchain networks, allowing for seamless transfer of assets between different chains.
Smart contract capabilities:
BSC is built on a variant of Ethereum, and it supports smart contract functionality, enabling the development of decentralized applications on the network.
Decentralized:
BSC is a decentralized network, which means it is not controlled by any single entity and is resistant to censorship.
Dual-chain architecture:
Binance Smart Chain is equipped with dual-chain architecture, which enables the co-existing of high-performance and high-security environments on the same network, which is beneficial for the different use cases.
High Security:
Binance Smart Chain is equipped with advanced security features, such as multi-sig, which makes it hard for hackers to infiltrate the network.