What is Binance smart chain (BSc)?

Binance Smart Chain —BSC— is a blockchain system from the crypto-trading platform Binance. BSC is designed to provide a high-performance infrastructure for decentralised trading, building dApps, interoperability between other blockchains, and support of smart contracts and other DeFi products.

What is Binance innovative chain?

Binance innovative chain is a standalone blockchain and does not connect with Binance Chain other than from the same parent Binance Exchange. So even if the Binance chain is shut down or stops working, Binance Chain will work without any interference or technical glitch.

Will Ethereum beat Binance smart chain?

The blockchain Binance smart chain has more than thirteen million transactions in a day and has crossed records because Ethereum has only done around 1.7 million transactions on the same day. Even with the new upgrade that Ethereum is trying to bring in this year, it is highly doubted whether this upgrade will be enough to beat Binance smart chain.

What is a blockchain and how does it work?

A blockchain is a special type of database. You may also have heard the term distributed ledger technology (or DLT) – in many cases, they're referring to the same thing. A blockchain has certain unique properties. There are rules about how data can be added, and once the data has been stored, it's virtually impossible to modify or delete it.