
While the present state of Binance's blockchain has been limited to mere use of BDEX & forcing IEOs to issue BEP-2 tokens instead of ERC-20 tokens, the exchange aims to evolve its offering to create a chain strikingly similar to ETH 2.0.
- Smart Contracts
- Staking
- Open Source
- EVM Compatible
- Fast Block Times
- Low Transaction Costs
However, these will be one key difference.
The Chain will imitate the 21 supernode model for validation, a system similar to that of STEEM, a blockchain that Binance claims to have had inadvertently taken control of by voting in supernodes of Justin Sun's choice.