BSC has emerged as a key competitor to Ethereum and other smart contract based blockchains. Recently due the huge demand on the Ethereum network, gas fees have skyrocketed and priced many would-be users out of the market. Binance Smart Chain is an EVM compatible alternative to the Ethereum network with lower fees that maintains Ethereum smart contract functionality and dapps for users and developers.
BEPRO Network, as a Codebase for DeFi, Gaming, NFTs, Prediction Markets and more, is thrilled to be deploying our EVM compatible codebase onto BSC to expand into this new and emerging market.
Binance Smart Chain (BSC) is Binance’s EVM compatible smart contract blockchain. BSC is considered “CeDeFi” in that it has a balance between decentralisation and certain centralised features that allow it to be more scalable and cheaper to use for end users. One of the key benefits of BSC is that its gas fees are significantly cheaper than Ethereum’s. This means that dapps on BSC are much cheaper to use than equivalent dapps on Ethereum. Since BSC is completely EVM compatible, projects can essentially fork existing Ethereum dapps’ code and with minimal changes, deploy them onto BSC.
Binance Smart Chain also has a BEP-20 standard (similar to Ethereum’s ERC-20) that allows BSC to “wrap” different projects’ tokens into one fungible standard in order to be freely exchanged, sent and used in various DeFi / dapp use-cases. One of the key advantages of BEP-20 is that other blockchains’ tokens such as Polkadot’s DOT can be wrapped as a BEP-20 token.
For a quick rundown on the advantages of BSC, check out this enlightening Twitter thread:
BEPRO Network plans to augment its Codebase for DeFi, Gaming, NFTs, and Prediction Markets by making it available on Binance Smart Chain. That means our whole host of code and technologies will be made available for BSC entrepreneurs and dapp creators! Want to create an NBA Top Shot clone on top of BSC? You can use BEPRO Network for that. Want to create the next great prediction market on top of BSC? BEPRO Network has you covered.
If you are interested, please get in touch through our website.
Since accessing our codebase requires the $BEPRO token, BSC entrepreneurs will naturally need to have $BEPRO on BSC. So that’s why BEPRO Network is going to create a two-way bridge for $BEPRO between Ethereum’s ERC-20 standard and BSC’s BEP-20 standard. We want to make this a robust bridge where $BEPRO tokens can freely travel from one blockchain to another. BEPRO Network also intends on making $BEPRO available for CeDeFi on Binance Smart Chain’s ecosystem of Dapps, including DEXs, exchanges and other use-cases.
For more information on how to use Metamask with Binance Smart Chain, see here:
- How to swap $BEPRO from ERC-20/Ethereum to BEP-20/BSC
- Where to buy and trade $BEPRO on BSC
- More updates for $BEPRO in the Binance and BSC Ecosystems!
BEPRO Network is a codebase for DeFi, Gaming, Prediction Markets & More. We are a Code-as-a-Service protocol providing technology and support for blockchain-based applications.