“No Guts No Glory,” says a remarkable quote. Perhaps, this is apt to describe the stunning growth of Binance. It has been exactly 50 months since it started its business operations. The Cayman Islands-based crypto exchange has the highest daily trading volume of $23.10 billion according to CoinMarketCap. Likewise, September 2020 witnessed the emergence of the Binance Smart Chain (BSC). Investors can trade digital assets in a lightning-fast manner. This is because of the dual-chain architecture. With tremendous progress made over 1 year, AppDupe decodes the significance of Binance Smart Chain development for entrepreneurs.
What is Binance Smart Chain (BSC)?
It is apt for building powerful decentralized applications (dapps), Decentralized Finance (DeFi) platforms, and NFT marketplaces. The 5 main aspects of the Binance Smart Chain are cross-chain 100% compatibility with the Ethereum Virtual Machine (EVM), a Proof of Staked Authority (PoSA) consensus mechanism, and quick creation of blocks within 3 seconds.
Importantly, it runs parallel to the Binance Chain. Investors can also sync their MetaMask wallet and stake their Binance Coin (BNB) for pocketing extra rewards.
Incredible numbers reflect the success of the Binance Smart Chain (BSC). It acts as the 800 Decentralized Applications (DApps). Investors execute around 13.1 million daily transactions. Moreover, the Binance cryptocurrency exchange has 386 listed coins and 46 supported fiat currencies. On average, it receives 28.35 million weekly visits.
Know the tech marvel for developing a Binance Smart chain(BSC)
API integration with BitQuery for instant sharing of on-chain data.
Back-end APIs with coding languages like Java, PHP, and Ruby.
Blockchain network APIs like Ankr, NowNodes, and QuikNode.
BSC Blockchain explorer for knowing the block time and transactions.
Gathering of off-chain data by linking Band Protocol, ChainLink, and Sphinx. Smart contracts on the BSC get real-time information.
Embark, OpenZeppelin, and Truffle frameworks for smart contract testing.
Integration with software wallets like AlphaWallet, BitKeep, Bridge Wallet, Cobo, Hyperpay, MathWallet, MyEtherWallet (MEW), TokenPocket, and Trust Wallet.
Programming languages like Rust, Solidity, and Vyper for syncing with the Ethereum Virtual Machine (EVM).
Support for hardware wallets such as Ledger and Trezor.
Explore an array of Binance Smart Chain development services
Binance DEX clone development for buying and selling cryptos and tokens.
Creation of Binance Coins (BNB) and Binance Stablecoins (BUSD).
Establishing NFT based games like Battle Pets Clone.
NFT trading platform clones such as OpenSea and Rarible.
Creation of decentralized exchange clones like PancakeSwap.
Implementation of digital marketing campaigns for maximum buzz.
Integration with the Binance Chain Wallet (BCW) for fund management.
Security checks to prevent hacking, malicious, and phishing attacks.
24×7 technical assistance via email, live chat, and phone.
How do entrepreneurs gain by using Binance Smart Chain (BSC)?
Techpreneurs like you can boost their wealth in no time. There are numerous sources of revenue by operating cryptocurrency exchanges, decentralized applications (DApps), decentralized finance (DeFi) platforms, and NFT marketplaces.
You will receive auction fees, bidding charges, a commission from artists on primary and secondary sales, gas fees, listing fees, minting charges, and transaction processing fees. Further, extra revenue can be pocketed by partnering with artists, brands, and celebrities. Eventually, greater traffic will be received as more investors will aggressively place bids to purchase crypto collectibles.
Utilize our Binance Smart Chain development services and storm ahead in the market
Freezing, burning, minting of crypto collectibles.
Integration with Wazir X crypto exchange and NFT marketplace.
Low transaction processing charges for transfer of digital assets.
Multi-signature wallets for safe management of funds.
Quick syncing with the Binance DEX and P2P trading platforms.
Swift transfer of virtual assets across several blockchain networks.
Variety of trading pairs like crypto-crypto and crypto-to-fiat.
The development cost for Binance Smart Chain?
A lot of factors play a role in determining the budget of creating a Binance Smart Chain (BSC). It relies on several aspects like the extent of cross-chain compatibility, kind of features and functionalities, the level of customization, the nature of the tech stack, salaries paid to the front-end and back-end developers, and the time devoted.
Why choose the Binance Smart Chain development company like AppDupe?
“There are no limits on the road to success”. The talented blockchain developers of AppDupe believe in this quote firmly. We are updated with the newest trends in the ever-changing field of cryptocurrency, decentralized finance (DeFi), and Non-Fungible Tokens (NFTs).
With a state-of-the-art tech stack, we will ensure the speedy setup of the Binance Smart Chain (BSC). This will lead to greater traction in the market ahead of competitors.
Above all, Binance Smart Chain (BSC) is becoming a giant in the digital era. Further, the Chinese-origin platform also launched new NFT marketplaces like BNB Punks and CakePunks. Hence, this will help it get an upper hand in the buying and selling of crypto collectibles. Unquestionably, Binance is offering humongous revenue for skilled artists across every nook and corner of the world.
Are you that entrepreneur aiming to change the world? Here is your golden opportunity. Give a call to our talented Binance smart chain developers now and magnify your growth soon.
Boost your profits through Binance Smart Chain development
1 – How does the cross-chain mechanism work on the BSC?
All the block results are divided into different parts. Each virtual asset is given a unique CrossChain ID. Therefore, cryptocurrencies and NFTs are transferred sequentially with a specific time interval.
2 – What are the security measures to protect smart contracts?
Pre-programmed software functions in a robust manner without any interruptions. Our professional development team safeguards against various vulnerabilities. Military-grade security steps are taken to shield smart contracts from DDoS attacks, gas limit problems, overflow and underflow of integers, and reentrancy issues.
3 – Are there any governance rights for investors on the Binance Smart Chain?
Yes, all users on the BSC receive incentives on cross-chain transfer fees, slashing threshold, and relayer rewards. They will also benefit from consistent parameters on staking, the extensibility of smart contracts, and a uniform user interface.
At AppDupe, we know that our customers are Entrepreneurs and keeping them succeeding is what will make us stronger. So, we promise you, Life Time Updates free of charge. Yes, we know that Apple and Google keep coming out with new versions of their mobile OS's and other companies we clone from also keep updating their features and UX to stay up-to-date. We will take care of that for you, leaving you to do what you do best, Win!
Is this legal?
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