ACT
  • Front Cover
  • Abstract
  • Introduction to ACT (Acet)
  • What is “Fans Token” ?
  • What is “Decentralized Finance (DeFi)” ?
    • DeFi’s Total Value Locked (TVL)
  • What is Binance Smart Chain?
    • Why do we choose Binance Smart Chain (BSC)?
    • Advantages of Binance Smart Chain (BSC)
    • Economic growth of Binance Smart Chain (BSC)
    • Total Value Locked (TVL) on Binance Smart Chain (BSC)
  • Act (Acet) Roadmap
  • Tokenomic Overview
  • ACT (Acet) General Info
  • ACT (Acet) starts with 0 (Zero) Initial Supply
  • Total Supply
  • Liquidity
  • Liquidity Provider
  • Pricing Mechanism
  • Inflation Prevention (Price Inflation)
  • Benefits of ACT (Acet) Token
  • ACT (Acet) Production
  • Staking ACT (Acet)
  • Unstaking ACT (Acet)
  • Harvesting ACT (Acet)
  • Burning ACT (Acet)
  • Fees
  • Fee Usage
  • Pool of ACT (Acet)
  • Swapping on DEXs (Decentralized Exchange)
  • What is DEXs (Decentralized Exchange) ?
  • Conclusion
  • Reference
  • Appendix
  • Limitation of Liability
  • Back Cover
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What is Binance Smart Chain?

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Last updated 3 years ago

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Binance Smart Chain (BSC) is a blockchain network forked from Ethereum, which is designed to be compatible with previously developed protocol on Ethereum network called Ethereum Virtual Machine (EVM). The ability to create Smart Contract of Ethereum Virtual Machine makes it convenient for the third party developers to create their own DeFi Protocol. Similar to creating them on Ethereum network, Binance Smart Chain will cooperate with Binance Chain but the difference, compared to Ethereum, is Binance Smart Chain operates with Smart Contract feature and is also compatible with Ethereum Virtual Machine.

Binance Smart Chain (BSC) uses a consensus algorithm, known as Proof of Staked Authority (PoSA), with 21 validators staking BNB tokens, the native token for Binance ecosystem in order to secure the network. However, Binance Smart Chain (BSC) provides the fastest confirmation time and the lowest fee structure.