The Binance Smart Chain, the Binance Blockchain, continues to grow steadily as highlighted by Changpeng Zhao on Twitter.
Within the crypto world, the Ethereum block chain has always been dominant in the sector of decentralised applications. However, in the midst of the boom in decentralised finance, Ethereum’s competing projects have redoubled their efforts to overcome it. This can be clearly seen in the fact that the Binance Smart Chain continues to grow, as Changpeng Zhao comments in the Tweet of the day:
The rise of the Binance Smart Chain
No one can seriously doubt that Binance is the most important company in the crypto world today. This is because, throughout 2020, and especially since the beginning of the crisis caused by the Coronavirus. The exchange founded by Changpeng Zhao has constantly launched new products and services to the market. These range from their own physical debit card to DeFi protocols.
However, the crown jewel of the efforts of the exchange is none other than the Binance Smart Chain. The Blockchain designed and launched by Binance to allow the creation of decentralised applications by its users. Becoming immediately a direct competitor of other chains with the same objectives such as Ethereum and Tron.
But, unlike these other projects, the Binance Smart Chain does not only have advanced technological capabilities. Including a greater capacity for scalability than Ethereum, the current queen of decentralised applications. It also has the institutional support of a company like Binance. Thanks to this, the block chain has had a constant growth in the last days, as Zhao mentions through Twitter:
„BSC is still small, but it keeps growing“.
Thus, as we can see in the Binance Smart Chain Scan graph, from September 10th to September 30th, the Binance Blockchain has gone from 987 users to 41,285 users today. A number that, although it may seem small, shows a significant growth rate. This is likely to continue for the foreseeable future.