Bidao® Smart Chain is implementing BNB as supported asset
What is Bidao® Smart Chain
Bidao® is in the process of developing a cutting-edge blockchain ecosystem designed to cater to various digital assets, such as DeFi, NFTs, and Tokens. The Bidao® Smart Chain is built on the reliable ETH2.0 Proof-of-Stake consensus algorithm, which ensures the network’s stability and security. In comparison to Ethereum, BiSC offers increased throughput capacity and reduced transaction fees, making it an appealing choice for users seeking cost-effective and efficient blockchain solutions.
Bidao® Smart Chain is implementing BNB as supported asset
Bidao® is proud to announce its support for the BNB Chain ecosystem, with plans to include BNB as one of the supported Tokens in our ecosystem. Our platform offers a range of Tokenbridges and DeFi applications that are specifically designed for the Bidao® Smart Chain, which will also support the integration of BNB. By integrating BNB into our Tokenbridge technology, users will be able to transfer and trade BNB Tokens on the Bidao® Smart Chain at a significantly reduced cost. This integration marks an exciting milestone in the Bidao® ecosystem’s expansion, demonstrating our commitment to providing a comprehensive and accessible blockchain platform for all users.
About Bidao® Smart Chain
The Bidao® Smart Chain (BiSC) is a fully decentralized Proof-of-Stake blockchain system that prioritizes both decentralization and user-friendliness. BiSC utilizes a consensus algorithm similar to that of ETH2.0, featuring a maximally decentralized validator set with no delegation, ensuring a robust and future-proof system that cannot be controlled by centralized entities. The growing importance of decentralization in the crypto ecosystem has been increasingly evident, and only truly decentralized blockchains can ensure that incidents such as those involving BlockFi, Celsius, Terra, and others do not occur in the future. By providing a solid foundation for future DeFi applications, the Bidao® Smart Chain offers an opportunity to develop innovative protocols and further advance the blockchain industry.
Hardware requirements are also a lot lower, so that everyone is able to stake on the Bidao Smart Chain. In Ethereum you need special NVMe SSD storage chips, whereas with the BiSC normal consumer SSD cards are sufficient.
With BiSC staking will be more accessible and easier than ever.
About BNB Chain
BNB is the cryptocurrency coin that powers the BNB Chain ecosystem. As one of the world’s most popular utility tokens, not only can you trade BNB like any other cryptocurrency, you can also use BNB in a wide range of applications and use cases.
Use BNB to pay for goods and services, settle transaction fees on Binance Smart Chain, participate in exclusive token sales and more.
BNB uses an Auto-Burn system to reduce its total supply to 100,000,000 BNB. The BNB Auto-Burn mechanism adjusts the amount of BNB to be burned based on BNB’s price and the number of blocks generated on BNB Smart Chain (BSC) during the quarter. This offers greater transparency and predictability to the BNB community.
