BSC

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BSC

Definition:

Binance Smart Chain, also known lovingly as Binance Scam Chain. A “decentralised” chain created by the family run Binance exchange. Jokes aside, this was actually called Ce-De-Fi by CZ… which meant centralized decentralized finance! At the time the chain had around 6 validators who were all thought to be the same person. No doubt it is more decentralized now and it is certainly wildly popular. One of the first successful smart contract chains to provide an alternative to Ethereum and its insanely high gas fees.
Update: It has recently been rebranded to BNB chain.

Degen Chat

Degen 1: “Just made a large investment in cumrocket coin.”

Degen 2: “Really? Where does it trade?”

Degen 1: “BSC”

Degen 2: “Ah, of course!”

Related Terms:
  • Dictionary: Blockchain
    A distributed ledger technology created by Satoshi Nakamoto in the Bitcoin whitepaper. Many blockchains exist now such as Bitcoin, Ethereum, Avalanche, BSC etc
  • Dictionary: Boomer
    The person from the "ok, boomer" meme. An old, out of touch person with no idea what is going on in the modern world. Coming from the baby boomer generation that are blamed for ruining the world for their own luxury, it now means anybody over the age of 40... or even a younger person that is out of touch.
  • Dictionary: Bridge
    A service that facilitates the transfer of coins or tokens from one L1 blockchain to another or from L1 to L2. For example from Ethereum to BSC or from Avalanche to Fantom.
  • Dictionary: Solidity
    Solidity is the programming language of the Ethereum EVM, or Virtual Machine. It is used to write smart contracts and powers the blockchain. It was first proposed by Gavin Wood, who developed it with the Ethereum core developers. It is used on Ethereum, Binance Smart Chain, Tron, Hedera Hashgraph, Harmony, Fantom, Avalanche, Polygon and many other EVM compatible blockchains.


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