The Binance Smart Chain ecosystem has celebrated its first year on the cryptocurrency market with impressive results.
Binance Smart Chain is On the Rise
If you are not new to the realm of cryptocurrency, then you have already heard of Binance Chain as one of the fastest blockchains with potential to exist in the long term. It has currently revolutionized developers to construct decentralized applications.
This chain was originally developed in April 2019 to support high-speed and efficient trading. With scalability and flexibility-related limitations in mind, it became almost inevitable that a newer and smarter chain would come into existence. That is how the Binance Smart Chain was born.
With the functionality of smart contracts in place, Binance Smart Chain had already started making noise in the digital trading landscape. It is worth noting that both Binance Chain and Binance Smart Chain were made to run in parallel so that both could operate independent of each other (they would remain online even if the other went offline). Plus, with dual-chain architecture being one of the guiding principles, the Binance Smart Chain offers exceptional cross-chain compatibility.
Users can effortlessly manage their coins and transfer them over different blockchains. This process can be completed using the Binance Chain Wallet, which will work on some of the most popular internet browsers, such as Google Chrome or Firefox.
With only one year of Binance Smart Chain existing, the results of its both productivity and popularity are astonishing. BNB is third out of the 10 most valuable coins after Bitcoin and Ethereum according to Forbes. The fast-growing usage of BNB marks a revolutionary moment in cryptocurrency history!
1xBit and Binance Bring Comprehensive Betting Experience
At 1xBit, we believe that cryptocurrency is the future of how we conduct business and entertainment. In November 2020 1xBit brought BNB to its users through a new partnership with Binance to make the coin available for betting on the platform.
Furthermore, the sportsbook has launched Binance USD, a new USD-denominated stablecoin, and even three BNB-based fan tokens dedicated to the world-renown football clubs – PSG, Juventus, and AS Roma!
Fancy yourself a cryptocurrency enthusiast? You’re going to love the other nice features we have to offer:
– 30+ cryptocurrencies. The list of cryptocurrencies available for depositing and withdrawals is currently at 37 coins, including BTC, BNB, and ETH..
– Massive sportsbook. We want to keep the betting experience lively and interesting for fans of every sport. That is why 1xBit has a grand selection of sporting events!
– Welcoming bonus. Did you know? All newcomers are rewarded with an up to 7 BTC welcome bonus for the first four deposits.
– VIP cashback. Didn’t win? No problem! You can still count on the 1xBit casino cashback that goes up to 11%. Sounds exciting, doesn’t it?
Adventure and excitement are waiting for you at 1xBit, and with Binance coin they are even closer!
To learn more about 1xBit, visit the following links:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
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