How does BSC Token Presale Script work?
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The Binance Smart Chain (BSC) was launched in 2020 to correct for these flaws. The Binance Smart Chain has everything you need to build high-performance decentralized applications (dapps). Users can benefit from both blockchain because it was built for cross-chain compatibility with the original Binance Chain.
BSC stands for Binance Smart Chain, which is the second generation of blockchain technology. While the most well-known cryptocurrencies are Bitcoin (BTC), litecoin (LTC), dogecoin (DOGE), and others, they are only the first generation of blockchain created with the express intention of producing one product: digital money.
Binance Smart Chain, on the other hand, is a generalist blockchain platform that can run smart contracts. Traditional banking functions such as trading, borrowing, and lending can all be codified using these automated pieces of code. BSC's smart contract development is made feasible by EVM — Ethereum Virtual Machine — on a technological level.
There are blockchain engines, just as there are engines in the video game industry that power games, such as Unreal Engine or Source. An EVM must function because to its decentralised nature.
BSC employs the Proof-of-Staked-Authority (PoSA) consensus mechanism as a second-generation blockchain. It does it by combining delegated Proof-of-Stake (PoS) and Proof-of-Authority (PoA) (PoA). This makes BSC significantly more energy-efficient than first-generation blockchains like Bitcoin or Ethereum, which rely on Proof-of-Work (PoW).
Bitcoin is frequently mentioned in the news due to the amount of electricity that Proof-of-Work (PoW) requires to protect the network, with headlines such as "Bitcoin uses as much power as X countries." PoS eliminates this energy waste by confirming transactions and adding new data blocks.
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