The reason why The Parallel decides to choose BSC as their blockchain platform?

Binance Smart Chain has been chosen as a blockchain platform by many projects, including The Parallel, with the rise in the popularity of blockchains has resulted from the overall growth of the cryptocurrency industry in 2021.

In this article, we will try to explain why The Parallel chose BSC as our blockchain platform above many other layer 1 competitors.

What is BSC?

Binance Smart Chain (BSC) is a new smart contract blockchain that was launched in late August 2020. BSC was developed as a supplementary blockchain to Binance Chain, which launched in April 2020 to support decentralized trade.

Before being the native currency of Binance Chain, BNB was an ERC-20 token launched in 2017 in collaboration with the market-leading exchange Binance.

Why did The Parallel choose BSC?

Low fees and fast transaction times

BSC was founded with the intention of becoming the most inclusive blockchain, allowing everyone and everyone to join. The default BSC transaction cost is less than $0.10, and the transaction duration is only 3 seconds, making BSC potentially the cheapest and fastest blockchain.

This enables BSC to execute approximately 3.5 million transactions per day on average, much exceeding Ethereum’s 1.1 million transactions.

BSC is a fast growing platform and has a big community

With over 1 million registered wallets, BSC is the fastest growing platform in the crypto-space, providing ambitious entrepreneurs with immense community growth potential. Despite the fact that it was only introduced in August 2020, BSC has already risen to the top three in terms of total transactions on leading blockchain platforms. This provides the project with many unique perks and opportunities that we will not discover anywhere else.

Having a large and popular global BSC community also allows The Parallel to easily reach out to new customers and members of the community. At the same time, it simplifies users’ access to, payment for, and connection to The Parallel metaverse.

Extensive wallet support

Hundreds of well-known wallets with a good security track record, like Trust Wallet, MetaMask, Math Wallet, SafePal, and their own Binance Extension Wallet, already support the BEP-20 standard.

Backed by the top player in the crypto industry (CZ)

CZ, the leading Crypto authority backs, promotes, and maintains the blockchain, providing developers and businesses with the confidence to continue producing. The team is eager to work with BSC to make things far better, more equitable, and to bring more investment opportunities to our town.

Find out more about The Parallel:

Website: https://theparallel.io/

Twitter: http://twitter.com/theparallel_io

Medium: http://medium.com/@theparallel

Discord: http://discord.gg/ex6SckmWqp

Facebook: http://facebook.com/theparallel.io/

Telegram:

• Community: http://t.me/theparallelcommunity
• Official: http://t.me/theparallelofficial

Youtube: http://youtube.com/channel/UCKvlkWCeNDEgxa41k1wBZYA

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

KAZ

Coincu Ventures