Defihorse
  • Overview
  • introduction
    • Motivation
    • Why Binance Smart Chain?
    • Understanding Non-Fungible Tokens
  • Stable Owner Pathway
    • Top-notch Racehorses
    • Earn a Genuine Profit
    • Exclusive NFT
    • Renting NFTs
  • Platform
    • DefiHorse Core Values
    • NFT Racehorses
      • Bloodline
      • Gender
      • Genotype
      • Breeds Type
      • Coat Color
        • Coat Colour Breeding Formula
        • Coat Colour Groups
    • NFT Racehorses breeding
      • Breeding Logic
      • Stud Farm and Fee Structure
      • Breeding Limits
    • NFT marketplace
    • Racing
  • Gameplay
    • How to play
      • Enter a Race
      • Nominate Your Racehorse
    • Race Performance Indicators (RPI)
      • Stamina
      • Manner Symbol
    • Tap To Earn
    • The Horseverse
  • DefiHorse token (DFH)
    • Introducing DFH
    • Allocations and Release schedule
    • Utility
  • Business Model
    • Revenue Stream
    • Roadmap
  • Final words
    • Legal Disclaimer
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  1. introduction

Why Binance Smart Chain?

BSC's dual chain architecture enables users to develop and build their own decentralized applications (dApps) and digital assets on a single blockchain. This is one of the features that the DefiHorse development team is aiming for. Additionally, dApps built on this smart chain can leverage this quick trading platform to conduct token exchanges between themselves.

BSC is completely interchangeable with EVM. Additionally, it supports MetaMask, one of the most popular DeFi wallets. It incorporates pre-integrated pricing oracles (such as ChainLink), which are critical for the development of a wide variety of dApps. Due to this level of compatibility, switching from Ethereum to Binance Smart Chain has never been easier. The BEP-20 coin, which is hosted on BSC, enables blockchain bridging.

Additionally, the interoperability of BSC with EVM-compatible chains such as Ethereum or a quicker blockchain such as Solana simplifies the process of listing tokens on major exchanges. Ethereum transaction prices increased to new highs in 2021 as the value of DeFi coins increased. This stymied DeFi's expansion efforts, deterring popular involvement. On Binance Smart Chain (BSC), gas costs are more than 20 times lower than on Ethereum. As a result, the DeFi protocol landscape has shifted drastically. Similarly, BSC promotes user interaction.

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Last updated 3 years ago

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