Spoon Supports BSC to Build dApps on It

Launch via Spoon
#1

Spoon provides the gateway for developers to import ABIs of smart contracts and quickly build a dApp UI. It is also the way to demo any dApp on any chain with less gas fee. BNB Smart Chain (BSC), one of the chains that Spoon supports now, supports smart contracts for issuing tokens and dApps, compatible with the Ethereum network and many other blockchains.

BSC Explained

Binance Chain and Binance Smart Chain have formed together as BNB Chain since February 15, 2022. BNB Chain comprises BNB Beacon Chain (previously Binance Chain) and BNB Smart Chain (previously Binance Smart Chain). While BNB (formerly called “Binance Coin”) has also been renamed as “Build and Build.” The name change is not merely for welcoming the crypto world with more than 1 billion users but also to strengthen the delivery of the core infrastructure necessary for future public adoption and, most importantly, to build a better ecosystem for embracing the large scale Web3 applications.

BNB Smart Chain (BSC) ( previously Binance Smart Chain) - EVM compatible, consensus layers, and with hubs to multi-chains

BNB Smart Chain is an innovative solution to bring programmability and interoperability to Beacon Chain. BNB Smart Chain relies on a system of 21 active validators with Proof of Staked Authority (PoSA) consensus that can support short block time and lower fees. The most bonded validator candidates of staking will become validators and produce blocks. The double-sign detection and other slashing logic guarantee security, stability, and chain finality. Other than the 21 active validators, BSC will introduce more validators, e.g. another 20 inactive validators, into the validator set as backups, which will be called “Candidates”.

The BNB Smart Chain also supports EVM-compatible smart contracts and protocols. Cross-chain transfer and other communication are possible due to native support of interoperability. Binance DEX remains a liquid venue of the exchange of assets on both chains. This dual-chain architecture will be ideal for users to take advantage of the fast trading on one side and build their decentralized apps on the other side. The Binance Smart Chain will be:

  • A self-sovereign blockchain: Provides security and safety with elected validators.

  • EVM-compatible: Supports all the existing Ethereum tooling along with faster finality and cheaper transaction fees.

  • Interoperable: Comes with efficient native dual chain communication; Optimized for scaling high-performance dApps that require a fast and smooth user experience.

  • Distributed with on-chain governance: Proof of Staked Authority (PoSA) brings in decentralization and community participants. As the native token, BNB will serve as both the gas of smart contract execution and tokens for staking.

#2

Why BSC?

The cross-shard and cross-chain/multi-chain interoperability will be the key topic of 2022. The BSC validators and developers community is dedicated to fulfilling BSC’s vision to operate at the crossroads of a decentralized blockchain future. Specifically, BSC aims to achieve this by implementing new technologies on BSC via BNB Sidechain and BSC Partition Chain (BPC) infrastructure layers.

BNB Sidechain

The BNB Sidechain is an infrastructure introduced to help developers and node operators build and run their own blockchain as their internal value system for a massive number of users while still maintaining a close connection with BSC. Any project developer will be able to deploy their own BNB Sidechain with its unique specifications and validator set. This validator set can run with fewer validators than BSC, depending on the BNB Sidechain deployer. These validators can be run by the application owners or any community stakeholders, bringing more flexibility and decentralization to BNB Sidechain. The typical usage of BNB Sidechain is like the Ronin chain for the Axie Infinity. However, to minimize the potential risks of the side chain, a new protocol (including built-in asset types and cross-chain) should be introduced to ensure seamless liquidity between BNB Sidechain and BSC.

BNB ZkRollup - A Trustless Scaling Solution

BNB ZkRollup is a trustless and scaling solution for BNB Smart Chain. BNB ZkRollup is built on ZK Rollup architecture. BNB ZkRollup bundles (or “roll-up”) hundreds of transactions off-chain and generates cryptographic proof. These proofs can come in the form of SNARKs (succinct non-interactive argument of knowledge) which can prove the validity of every single transaction in the Rollup Block. It means all funds are held on the BSC, while computation and storage are performed on BNB Sidechain with less cost and fast speed.

BNB ZkRollup will contribute to the throughput capacity of the BNB Chain by supporting and working in parallel with BAS. According to BNB documentation, the goals of BNB ZkRollup include:

  • No sacrificing on decentralization or security.

  • The BNB ZkRollup shares the same security as BSC does. Thanks to zkSNARK proofs, the security is guaranteed by cryptographic. Users do not have to trust any third parties or keep monitoring the Rollup blocks to prevent fraud.

  • Fast transaction speed, faster finality, and much lower gas fee.

  • BNB, and BEP20/BEP721/BEP1155 created on BSC or BNB ZkRollup can flow freely between BSC and ZkRollup.

  • The gas token on the BNB ZkRollup can be either BEP20 or BNB.

  • Users can trigger a “full exit” on BSC. The user can request this operation to withdraw funds if he thinks that his transactions are censored by BNB ZkRollup.

  • Built-in instant AMM swap.

  • Built-in NFT marketplace.

Spoon welcomes more developers to directly connect with BSC at app.spoon.limo to explore more dApps and feel free to talk with the community at community.spoon.limo.

#3

The Popular dApps on BNB CHAIN

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1.PancakeSwap

PancakeSwap is an automated market maker (“AMM”) that allows two tokens to be exchanged on the Binance Smart Chain. It is fast, cheap, and allows anyone to participate.

The Dream?

Stacks of pancakes, syrup, whipped cream.

Then after breakfast, PancakeSwap is aiming to be the #1 liquidity provider on Binance Smart Chain and the home of new, innovative gamified farming mechanics, many of which we suspect will make it to other chains and beyond.

2.Venus Protocol

Venus is an decentralized algorithmic money market and stablecoin protocol that enables borrowers and suppliers to access liquidity and earnings on-demand.

  1. Biswap

Biswap advantages include: BSW is a BEP20 token that is launched on the Binance Smart Chain network. It is a major asset of Biswap.

Biswap — The First DEX on Binance Smart Chain with a three-type referral system and with the lowest fees in the industry.

Biswap is committed to continuous development and aims to provide the best service for users’ comfort. Let’s see what awesome features it has prepared for you!

:heavy_check_mark:Lowest exchange fee — 0.1% per swap

:heavy_check_mark:Profitable liquidity pools

:heavy_check_mark:Three-type referral system

:heavy_check_mark:CertiK Audit

:heavy_check_mark:SAFU insurance fund

:heavy_check_mark:Farms & Launchpools

The platform has a bunch of opportunities and a variety of choices for Exchange. Also, there are Farms, Launchpools, Liquidity Pools & more to maximize your profit.

4.Wombat Exchange

Wombat Exchange is a multi-chain stableswap built natively on the BNB Chain. Wombat adopts the concepts of asset-liability management and coverage ratio, enabling various stablecoins to be swapped at minimal slippage and the ability to single-stake stablecoins for sustainable yield.

5.1inch Network

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space.

The initial protocol of the 1inch Network is a DEX aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. This protocol incorporates the Pathfinder algorithm which finds the best paths among different markets over 200+ liquidity sources on Ethereum, BNB Chain, Polygon, Avalanche, Optimistic Ethereum, Arbitrum, Fantom and Gnosis Chain. In just over two years the 1inch DEX aggregator has reached 1M users and surpassed $140B in overall volume on the Ethereum network alone.

The 1inch Aggregation Protocol facilitates cost-efficient and secure swap transactions across multiple liquidity sources.

The 1inch Liquidity Protocol is a next-generation automated market maker that protects users from front-running attacks and offers attractive opportunities to liquidity providers.

The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in DeFi. The protocol’s features, such as dynamic pricing, conditional orders and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions.

The 1inch Wallet is a multichain mobile platform that provides an easy-to-navigate interface with secure storing, transaction and staking capabilities. This versatile wallet was built from the ground up to streamline interacting with 1inch’s features.

Build A dApp on BSC via Spoon Now!

Spoon encourages all to connect any trending dApp on BSC with other chains, which will empower the dApp ecosystem. For reference, we recommend you to check the tutorial of Spoon-Uniswap on ETHW.

You can directly call for any smart contract on BSC via Spoon platform. Check here to learn more.