Today we will talk about what blockchain networks exist and what are their differences.🌐

📶Bitcoin

This is the first network in which at that time a unique development was used - blockchain, there are no smart contracts in the Bitcoin network

🔹Main network token: Bitcoin (BTC)

📶Ethereum

It is a well-known decentralized blockchain platform. This is an open source project. Anyone can download its software and start interacting with the network. You can create and manage smart contracts without having to find a trusted counterparty or involve intermediaries. Also, this network has quite high transaction fees.

🔹Main network token: Ethereum (ETH)

🔸Binance Smart Chain

Binance Smart Chain is based on a system of 21 Proof of Staked Authority consensus validators. It also supports smart contracts and EVM-compatible protocols. The advantages of this blockchain are speed and low fees.

🔹Main network token: Binance Coin (BNB)

💎Today we discussed three blockchain networks, we will continue to discuss the rest in the next post. We will also analyze each in more detail.