Binance Smart Chain VS Binance Chain

Given the meteoric rise in Binance (BEP-20) tokens, I compiled this "Binance Smart Chain VS Binance Chain" guide. 

In Sept 2020, the Binance exchange launched an Ethereum-compatible blockchain with its native token BNB called the Binance Smart Chain or BSC. BSC is just like Ethereum except it's a more centralized smart contract platform with way less gas fees given its PoSA consensus mechanism that relies on validators approved by Binance.

Binance Chain (launched in April 2019) runs in parallel to BSC but does not have smart contract capability as BC was optimized for fast, decentralized trading. “It’s worth noting that BSC isn’t a so-called layer two or off-chain scalability solution. It’s an independent blockchain that could run even if Binance Chain went offline.”

Cross-chain compatibility: “BEP-2 and BEP-8 tokens from Binance Chain can be swapped for BEP-20 tokens, the new standard introduced for Binance Smart Chain.” The ...

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PancakeSwap DEX Surpasses Uniswap in Total Volume

Launched in September 2020, PancakeSwap (CAKE) has become the first to exceed a billion dollars in volume on the Binance Smart Chain (BSC) and its exchange as of February 19, 2021 overtook Uniswap in terms of volume: $2.1 vs $1.2 billion. PancakeSwap is an automated market maker* and token, much like Uniswap, but on the Binance Smart Chain. Outrageous gas fees on the Ethereum network are pushing more projects and volume onto the much cheaper but more centralized Binance Smart Chain. 


One concerning issue with CAKE is its infinite supply; however, there is a burning mechanism that should limit supply: "an embed burning mechanism includes 9.1% of all the farmed CAKE tokens, 10% of the lottery tickets and 100% of the fees raised in its Initial Farm Offerings (IFO)." Other BEP20 tokens on the Binance Smart Chain (BSC) such as BRY are doing extremely well: BRY has increased 79% in price in the last 24 hours. BNB is also now the 3rd largest cryptocurrency by market cap. With...

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