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Binance smart chain is live on mainnet

Five months after the project was unveiled, Binance announced the launch of its  Binance Smart Chain blockchain today, which enables creation of smart contracts and allows users to stake BNB, Binance’s very own token. The blockchain is compatible with Ethereum Virtual Machine, which may increase the utility of both Binance Chain and the BNB token. BNB, which is an ERC-20 token, has a market capitalization of around $3 billion, at press time. The new blockchain network is also capable of producing a block every 3 seconds according to the release and runs on Proof of Staked Authority (PoSA) consensus algorithm.…

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