#BSCOnTheRise Binance Smart Chain (BSC) is a high-performance blockchain platform created by Binance, one of the largest cryptocurrency exchanges in the world. Launched in 2020, BSC is designed to facilitate the creation of decentralized applications (dApps) and smart contracts, offering fast and low-cost transactions. Unlike the Ethereum blockchain, BSC uses a consensus algorithm called Proof of Staked Authority (PoSA), which allows it to process up to 160 transactions per second with much lower gas fees. This feature has made BSC a popular choice for developers, DeFi (decentralized finance) projects, and non-fungible tokens (NFTs). Additionally, compatibility with Ethereum allows users to easily transfer assets between both networks. With its growing ecosystem, Binance Smart Chain has gained notoriety for its efficiency and accessibility.