Edxswap- A Protocol of Binance Smart Chain

Since BSC is EVM compatible, it starts with supporting a wide universe of Ethereum and DApps tools. In theory, this makes it easier for developers to move their projects away from Ethereum. For users, this means that applications such as Edxswap can easily be configured to work with the BSC. Seriously — it’s just a matter of delight for Edxswap.

Edxswap from BINANCE SMART CHAIN
Edxswap is a decentralized exchange platform based on the Binance Smart Chain, a new blockchain technology that is faster, cheaper, and more secure than most platforms. Edxswap has various DeFi features which are very useful for users to earn and earn tokens every day. Edxswap’s various features allow users to securely, quickly and cheaply earn and earn tokens every day. It’s a fast and affordable DeFi platform that anyone can use. Whether you are a beginner or a professional, Edxswap is fast and easy to use. Edxswap aims to provide users with an exchange platform that they can take advantage of via various DeFi features such as betting, profitability farming, and lottery.

What is the Binance Smart Chain?
Binance Smart Chain (BSC) is best described as a blockchain running in parallel with the Binance Chain. Unlike the Binance chain, BSC offers smart contract functionality and compatibility with Ethereum virtual machines (EVM). The goal of this design is to keep Binance Chain’s high-performance intact while introducing smart contracts into the ecosystem.

Basically, the two blockchains work side by side. It should be noted that BSC is not the so-called solution for layer two or off-circuit scaling. It is an independent blockchain that can function even if the Binance chain is deactivated. However, the two chains share strong similarities in terms of design.

Decentralized financing from the Binance Smart Chain
You probably know that several digital assets — such as BTC, LTC, ETH, EOS, or XRP — already exist as Peggy coins in the Binance chain. These are tokens that are tied to assets in their home chain. For example, you can lock 10 BTC to get 10 BTCB on the Binance chain. You can exchange your 10 BTCB for 10 BTC at any time. This means that the BTCB price has to monitor the real BTC price closely.

This way, you are effectively transferring the asset to the Binance Chain. Are you interested in how something like this can be achieved? See Token Bitcoin in the Ethereum Explanation.

Due to the flexibility that Binance Smart Chain offers, assets from multiple chains can be used in the ever-expanding DeFi space. With applications such as PancakeSwap, users can, for example, swap trustworthy assets (similar to Uniswap), plant crops, and vote on suggestions. Similar projects are BurgerSwap and BakerySwap (if you’re new to crypto, hello! We are big fans of decentralized food exchanges).

Binance Smart Chain significantly extends the functionality of the original Binance Chain and incorporates a number of advanced protocols designed to close the gaps between various blockchains. Although BNB’s betting promises along with EVM compatibility are still in their infancy, the platform is the ideal engine for developers building powerful decentralized applications. And Edxswap is one of the platforms that adopts the DeFi protocol and is based on the Binance Smart Chain.

Connect with :
Web : https://edx.finance/
Twitter: https://twitter.com/EDXswap
Telegram: https://t.me/edxswapcommunity
Whitepaper : https://edx.finance/edx-document.pdf
Facebook : https://www.facebook.com/edx.finance

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