Introduction
Binance Chain (BC) is a blockchain platform launched by Binance, one of the world’s leading cryptocurrency exchanges. The primary purpose of Binance Chain is to facilitate fast, decentralized trading. At its core, Binance Chain was designed with simplicity in mind, focusing on trading and transferring blockchain assets.
Architecture and Functionality
Binance Chain operates on a consensus model known as Tendermint BFT (Byzantine Fault Tolerance). This consensus mechanism allows for rapid transaction times, with a block time of approximately one second. This speed makes Binance Chain an attractive option for traders looking for quick transaction times.
