Binance smart chain dex

Binance Smart Chain

What is Binance Smart Chain?

Binance Smart Chain brings EVM-compatible programmability and native cross-chain communication with Binance Chain using an innovative consensus of Proof of Staked Authority(PoSA)

Why is Binance Smart Chain designed as a separate chain from Binance Chain?

The execution of a Smart Contract may slow down the exchange function and add non-deterministic factors to trading. Even if that compromise could be tolerated, it might be a straightforward idea to introduce a new Virtual Machine specification based on Tendermint, based on the current underlying consensus protocol and major RPC implementation of Binance Chain. But all these will increase the learning requirements for all existing dApp communities, and will not be very welcomed.

How does Binance Smart Chain work? What is the architecture and consensus used?

Binance Smart Chain relies on a system of 21 validators with Proof of Staked Authority (PoSA) consensus that can support short block time and lower fees.

There will be fewer validators on Binance Smart Chain testnet.

Can you tell more about Proof of Staked Authority(PoSA)? What is it?

PoSA is a combination of PoA and PoS. Blocks are produced by a limited set of validators, they are elected in and out based on a staking based governance. Validators take turns to produce blocks in a PoA manner

What are the benefits for developers to build on Binance Smart chain?

• EVM-compatible: Binance Smart Chain supports all the existing Ethereum tooling Fast block time, cheaper cost
• Native cross-chain trasfer & communication: Binance DEX remains a liquid venue of exchange of assets on Binance Chain and Binance Smart Chain»

What are the benefits for developers to build on Binance chain?

Binance Chain opens the gate for users to take advantage of the fast transferring and trading

How many assets are issued on Binance chain?

There are already 140 assets on Binance Chain

The introduction of BEP8 is an innovative way for tokenization of properties

What make Binance Smart Chain different?

Native Cross-Chain Communication

Expand the use cases of BNB token

Binance Smart Chain is EVM-compatible. What does that mean?

EVM means Ethereum Virtual Machine. Any smart-contract written to run in EVM can be easily ported to Binance Smart Chain.

Can developers make hybrid Dapps using both Binance Chain and Binance Smart Chain in one single Dapp?

Yes, with the help of native cross-chain functions

How to query the current system parameters

minimium delegate amount: 1BNB

Источник

How to Get Started with Binance Smart Chain (BSC)

TL;DR

Binance Smart Chain (BSC) has been booming with activity. Ranging from token swaps to decentralized money markets and cute NFTs, there are many options to earn yield or simply to have fun.

But what do you need to get started, and how do you do it? We’ll go through it all in this article.

Introduction

That article can give you a walkthrough of the mechanics of the blockchain, while this one will provide practical information about how to get started. So let’s dive in.

Binance Smart Chain (BSC) wallets

First things first, you’ll need a wallet to interact with the applications on BSC. The good news is that you have quite a few options to choose from.

It’s worth keeping in mind that this isn’t an exhaustive list. In addition to the ones mentioned below, you can also use Math Wallet, Ledger, TokenPocket, Bitkeep, ONTO, Safepal, and Arkane.

MetaMask

But wait, isn’t MetaMask an Ethereum wallet? It is, but actually, it’s quite easy to connect it to BSC. This way, you can use a familiar UI when interacting with BSC.

Trust Wallet

Trust Wallet is one of the easiest mobile wallets to use, so if you’d like to use BSC from your pocket, it’s among the best options.

Binance Chain Wallet

Binance Chain Wallet is another option that you have for certain apps on BSC. You can get it as a browser extension for Chrome, Firefox, and Brave. It’s easy to use and has a slick UI.

How to get crypto to Binance Smart Chain (BSC)

So, now we have plenty of wallets to choose from, but how can we move funds to the chain? We can withdraw from our Binance account or use the Binance Bridge.

Before we go further, however, it’s important that we clear up some conceptual background.

Withdrawing from Binance

Chances are if you’re reading this, you already have a Binance account. The easiest option may be to simply withdraw from your Binance account to a BSC wallet.

Just make sure to select Binance Smart Chain (BEP-20) when withdrawing funds to your external wallet.

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Binance Chain Documentation

Welcome to the Binance Chain documentation site!

Please note that both the Binance Chain software and this documentation site will improve over time and is still a work-in-progress.
Be sure to engage with our community channels to stay updated.

Have fun trading and see you on chain!

What are Binance Chain and Binance DEX?

Binance Chain is a blockchain software system developed by Binance and its community. Binance DEX refers to the decentralized exchange features developed on top of Binance Chain.

Please read the FAQ to get started.

What is Binance Smart Chain?

Binance Smart Chain is an innovative solution to bring programmability and interoperability to Binance Chain. Binance Smart Chain relies on a system of 21 validators with Proof of Staked Authority (PoSA) consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality.

Please read the FAQ to get started.

What can I do with Binance Chain?

The purpose of the new blockchain and DEX is to create an alternative marketplace for issuing and exchanging digital assets in a decentralized manner.

For traders, you can:

• Propose to create trading pairs between two different tokens
• Send orders to buy or sell assets through trading pairs created on the chain withSDK
• Watch the DEX market to confirm price and market activity of certain assets

For developers, you can also:

• Explore the transaction history and blocks on the chain, via Binance Chain Explore, API and node RPC interfaces.
• Run a full node to listen to and broadcast live updates on transactions, blocks, and consensus activities
• Extract other data of Binance Chain via full node or APIs
• Develop tools and application to help users use Binance Chain and Binance DEX

What can I do with Binance Smart Chain?

Binance Smart Chain (BSC) is best described as a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here was to leave the high throughput of Binance Chain intact while introducing smart contracts into its ecosystem.

Because BSC is EVM-compatible, it launched with support for the rich universe of Ethereum tools and DApps. In theory, this makes it easy for developers to port their projects over from Ethereum. For users, it means that applications like MetaMask can be easily configured to work with BSC. Seriously – it’s just a matter of tweaking a couple of settings. Check out Use MetaMask for Binance Smart Chain to get started.

• Send and receive BNB and other BEP2 tokens cross-chain
• Explore the transaction history and blocks on the chain, via bscscan, API and node RPC interfaces.
• Stake you BNB to earn some block rewards

Developers can also:

• Issue new tokens to digitalize assets
• Migrate existing DApps
• Run a full node to listen to and broadcast live updates on transactions, blocks, and consensus activities
• Become a validator of BSC
• Develop wallets and tools to help users use Dapps

Comparision Between BC and BSC

Binance Chain	Binance Smart Chain
Consensus	DPoS	PoSA
No. of Validators	11	up to 21
Mean Block Time	getOwner and decimals . Read the full proposal here: https://github.com/binance-chain/BEPs/blob/master/BEP20.md

BNB (and Other Coins) MainNet Switch

Binance Coin (BNB) was an ERC20 token on the Ethereum network.
After the launch of Binance Chain, Binance Coin (BNB) is being converted into native BNB tokens on the main network via the exchange platform at binance.com, a pragmatic and efficient way to perform the initial token swap.

Binance Chain is ready for other projects to migrate their tokens to take advantage of performant transactions with more liquidity options and native marketplace features.
More information about how projects can set themselves up for this (via binance.com or partners) will come soon.

BNB Staking

Please read the guide here

Trading on Binance DEX

Binance DEX is the native marketplace on Binance Chain, allowing you to exchange digital assets issued and listed on it.
The matching happens within the blockchain nodes and all of the transactions are recorded on-chain, therefore forming a complete, auditable ledger of activity.

ATTENTION: The match logic on DEX is quite different from normal centralized exchange.
Please go over the trading and match spec below to get the best interests for your orders.

Technology Details

Continue reading below if you are interested in what is happening under the hood!

• Binance Chain as a Block Chain: about consensus, software stack, network layout and roles.
• Connect to Binance Chain: how to connect to Binance Chain and DEX via different ways.
• Run a Binance Chain full node: how to run a full node and become part of the p2p network of Binance Chain.
• Run a Binance Chain light client: how to run a light client.
• Binance Chain Governance: about proposal, vote, and join as a validator.

Источник

Binance smart chain dex

Ниже мы расскажем, как всего за несколько минут настроить Trust Wallet и начать использовать Binance Smart Chain.

Настройка вашего кошелька для Binance Smart Chain

1) Загрузите Trust Wallet здесь . Если у вас уже есть Trust Wallet, убедитесь, что вы используете последнюю версию приложения.

2) Завершите базовую настройку мультивалютного кошелька . Обязательно сохраните вашу резервную фразу.

3) Перейдите в свой кошелек Smart Chain и нажмите «Получить», чтобы узнать свой адрес.

4) Внесите активы BEP20 на свой кошелек. Проще всего сделать это через Binance. Выберите актив, который поддерживает ввод и вывод токенов на BEP20 на Binance, и переведите его на свой адрес Binance Smart Chain в Trust Wallet. Помните, что для любых транзакций на Binance Smart Chain необходим BNB.

5) Вот и всё! Вы можете использовать Binance Smart Chain.

6) Чтобы проверить ID транзакции после получения токена BEP20, нажмите на транзакцию, затем нажмите «Поделиться» в правом верхнем углу и скопируйте ID транзакции.

Использование децентрализованных приложений Binance Smart Chain

7) В этой части пользователям iOS потребуется Dapp браузер, который можно найти в этой инструкции . У пользователей Android браузер Dapp установлен по умолчанию.

8) После пополнения кошелька откройте браузер Dapp, нажав на иконку с четырьмя квадратами в нижней части приложения.

9) Перейдите в децентрализованное приложение Binance Smart Chain, к примеру, в PancakeSwap или BurgerSwap.

10) С удовольствием пользуйтесь децентрализованным приложением!

Вот еще несколько подробных инструкций по взаимодействовию с децентрализованными приложениями Binance Smart Chain через Trust Wallet:

Ниже мы расскажем, как всего за несколько минут настроить Trust Wallet и начать использовать Binance Smart Chain.

Настройка вашего кошелька для Binance Smart Chain

1) Загрузите Trust Wallet здесь . Если у вас уже есть Trust Wallet, убедитесь, что вы используете последнюю версию приложения.

2) Завершите базовую настройку мультивалютного кошелька . Обязательно сохраните вашу резервную фразу.

3) Перейдите в свой кошелек Smart Chain и нажмите «Получить», чтобы узнать свой адрес.

4) Внесите активы BEP20 на свой кошелек. Проще всего сделать это через Binance. Выберите актив, который поддерживает ввод и вывод токенов на BEP20 на Binance, и переведите его на свой адрес Binance Smart Chain в Trust Wallet. Помните, что для любых транзакций на Binance Smart Chain необходим BNB.

5) Вот и всё! Вы можете использовать Binance Smart Chain.

6) Чтобы проверить ID транзакции после получения токена BEP20, нажмите на транзакцию, затем нажмите «Поделиться» в правом верхнем углу и скопируйте ID транзакции.

Использование децентрализованных приложений Binance Smart Chain

7) В этой части пользователям iOS потребуется Dapp браузер, который можно найти в этой инструкции . У пользователей Android браузер Dapp установлен по умолчанию.

8) После пополнения кошелька откройте браузер Dapp, нажав на иконку с четырьмя квадратами в нижней части приложения.

9) Перейдите в децентрализованное приложение Binance Smart Chain, к примеру, в PancakeSwap или BurgerSwap.

10) С удовольствием пользуйтесь децентрализованным приложением!

Вот еще несколько подробных инструкций по взаимодействовию с децентрализованными приложениями Binance Smart Chain через Trust Wallet:

Источник