ℹ️ Overview
BNB Smart Chain (BSC) can be characterized as a blockchain that operates in parallel with the BNB Beacon Chain. While the BNB Beacon Chain lacks smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM), BSC incorporates these features. The primary objective was to maintain the high throughput of the BNB Beacon Chain while introducing smart contracts into its ecosystem.
Essentially, both blockchains run in parallel. It's important to note that BSC is not a layer two or off-chain scalability solution but rather an independent blockchain that can continue operating even if the BNB Beacon Chain becomes offline. Nevertheless, both chains share similar design principles.
Since BSC is compatible with the EVM, it was launched with support for a wide range of Ethereum tools and decentralized applications (dApps). This compatibility facilitates easy migration of projects from Ethereum for developers.