# BINANCE 

By [Web3 lover](https://paragraph.com/@nova916) · 2023-09-10

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Binance Smart Chain (BSC) is a blockchain platform created by the cryptocurrency exchange Binance. It is designed to support smart contracts and decentralized applications (DApps) and is compatible with the Ethereum Virtual Machine (EVM), which means that many Ethereum-based DApps can be easily ported to BSC. BSC uses the Binance Coin (BNB) as its native cryptocurrency and offers fast and low-cost transactions.

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*Originally published on [Web3 lover](https://paragraph.com/@nova916/binance)*