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BSC stands for Binance Smart Chain. As a public chain compatible with the Ethereum Virtual Machine, it plays an important role in the blockchain ecosystem.
What are the core features of BSC? First, it adopts a Proof of Stake (PoS) consensus mechanism, which is more energy-efficient and effective compared to Proof of Work. Second, transaction fees are much lower than Ethereum, allowing ordinary users and developers to participate more economically. Third, its compatibility with the Ethereum ecosystem is excellent, making it relatively easy to migrate applications from Ethereum.
In practical applications, BSC hosts a large number of DeFi projects, NFT platforms, and token trading. Many users perform cross-chain interactions, liquidity mining, and token swaps through the BSC network. Since its launch in 2020, BSC has become one of the indispensable public chains in the Web3 ecosystem, attracting widespread participation from developers and users worldwide.