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BSC was launched by the Binance crypto exchange after the Binance Chain network to improve the programmability of its predecessor.Įven though both the exchanges support cryptocurrency, BSC has the upper hand because it is equipped with Ethereum Virtual Machine (EVM) and smart contracts. What is Binance Smart Chain?īSC can be best described as a blockchain that runs parallel to the Binance Chain but doesn’t replace the latter.
Binance chain wallet how to#
Now, let us discuss how to add smart chain to Metamask. Apart from this transaction, BNB can also be swapped for other tokens on decentralized exchanges. Primarily it is used to communicate with the Ethereum blockchain, but you can also connect MetaMask to the Binance Smart Chain network, which will enable you to make BNB transactions through MetaMask. Ethereum-based tokens, such as ERC20, 721, etc. MetaMask is essentially a crypto wallet that can be used to connect to the Ethereum blockchain. Linking Binance Chain to Metamask: What Is MetaMask?īefore we get started with how to add smart chain to Metamask, it's important to understand what MetaMask is. Let's learn how to add Binance Smart Chain to MetaMask for seamless transactions of BNB. Comparable to Ethereum's ERC20, Binance Smart Chain is capable of hosting BEP20 tokens, such as $CAKE or $BAKE.Ĭonnecting MetaMask to the Binance Smart Chain network will enable you to make BNB transactions. These two wings of Binance are Binance Chain and Binance Smart Chains (BSC) respectively. However, most people don't know that apart from trading, Binance also has another wing that’s actively involved in running smart contract-based apps. Binance is one of the well-known names in the crypto space.