We are excited to announce that BXTB (BSC) Platform will be launched on July 26, 2021.
We would like to provide you further updates on the Binance Smart Chain token migration process on July 15, 2021, and what additional changes we will be implementing as we move onto the Binance Smart Chain network.
During the upgrade period, rolling distribution will be suspended as of June 11, 2021.
Binance Smart Chain (BSC) is a new smart contract-enabled blockchain that acts as a parallel chain to Binance Chain.
BSC is was built to be Ethereum Virtual Machine (EVM) compatible in order to provide developers with the ability to seamlessly deploy DApps built for Ethereum on Binance’s new blockchain.
Additionally, BSC supports cross-chain transfers and allows for the creation of “pegged coins” (tokens pegged to the BSC chain), including BTC, ETH, TRX, and more. Pegged coins operate as BEP-20 tokens on Binance Smart Chain, similar to Ethereum’s ERC-20 tokens.
Moreover, BSC’s BEP20 token standard enables developers to easily create and issue tokens that can represent a wide range of different asset types.
With a ~5 second block time and a Proof-of-Authority (PoA) consensus mechanism, BSC enables high-speed transactions that only cost network participants a few cents.
As a result, decentralized applications built on Binance Smart Chain have already experienced substantial user uptake, with DeFi apps leading the foray.
A big thank you goes to all our BXTB users for joining us on this journey as we look forward to more exciting times ahead.