Binance Smart Chain (BSC)
Binance Smart Chain (BSC), formerly known as Binance Chain, is an open-source, decentralized, and highly scalable blockchain platform designed for decentralized applications (DApps) and enterprise blockchain deployments. It is a fork of the Ethereum Virtual Machine (EVM), making it compatible with Ethereum-based DApps. Launched in 2020 by Binance, the world's largest cryptocurrency exchange, BSC quickly gained popularity due to its fast transaction speeds and low fees.
BSC's rapid growth can be attributed to its address of Ethereum's limitations, such as high transaction fees and congestion. By leveraging a Proof of Staked Authority (PoSA) consensus mechanism, BSC can process up to 2,000 transactions per second at significantly lower fees compared to Ethereum. This scalability and cost-effectiveness have attracted numerous DApp developers and users, making BSC one of the most active blockchain platforms in the world.
BSC on Grove
Grove extends robust support to Binance Smart Chain, offering developers a suite of tools and APIs for seamless interaction. Our platform facilitates the integration of BSC's features into various applications, emphasizing efficiency and ease of use. Whether it's handling transactions, smart contract interactions, or data analytics, Grove provides an optimized and reliable interface for BSC's diverse capabilities.
Supported Chain Endpoints
| Blockchain | Chain Prefix | RelayChainID | Blockheight |
|---|---|---|---|
| BSC Mainnet | bsc-mainnet | 0004 | Latest - 127 blocks |
| BSC Archival | bsc-archival | 0010 | All block heights |
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