Oggy Ceo

Why we choose Binance?

Binance launched Binance Chain in April 2019. Its primary focus is to facilitate fast, decentralized trading. Binance Smart Chain (BSC) is best described as a blockchain that runs parallel to the Binance Chain. Unlike Binance Chain, BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM).
Some good design principles of BSC that have further enriched the Oggy Ceo by using them are as follows:
  • Standalone blockchain – Binance required the BSC to stand alone from the Binance Chain. Decoupling the two blockchains ensured no service interruptions if one of them failed. Separating the two networks also enabled Binance to incorporate new technologies that were either not utilized before or were used but had undesirable side effects. xence, BSC is opted to facilitate the users in this way.
  • BSC uses a staking model to ensure participation in governance and block creation from the BSC community. xowever, the biggest reason Binance adopted staking instead of mining was its prioritized network speed at the expense of decentralization and security. Furthermore, staking models are more environmentally friendly and support faster block generation. xence, another good reason for opting for a BSC by Oggy Ceo is to ensure Decentralization and xigh security for the users instead of only providing them with high network speed.
Last modified 5mo ago