#BSCOnTheRise Launched by the cryptocurrency exchange Binance, BNB Smart Chain (BSC), previously Binance Smart Chain, is a blockchain network. It supports smart contracts and decentralized applications (DApps).

BNB Smart Chain supports BNB. The blockchain relies on a

proof-of-stake

(PoS) consensus. More specifically, users can stake BNB to become validators. Validators will get transaction fees as a reward for each block validated.

Besides, BSC is compatible with Ethereum smart contracts and allows users to easily create DApps or even migrate them from Ethereum. This is why BSC features a wide range of DApps and DeFi (decentralized finance) products.