Binance Smartchain vs Binance Beacon Chain
Binance Beacon Chain is a proof-of-stake (PoS) blockchain that serves as the backbone of the Binance Smart Chain (BSC). It is responsible for coordinating the operation of the BSC, including the validation of transactions and the selection of validators (also known as "block producers") who are responsible for adding new blocks to the chain.
The BSC is a smart contract platform that is built on top of the Beacon Chain. It allows developers to build and deploy decentralized applications (dApps) and execute smart contracts using the Binance Chain's native BNB token.
One of the key differences between the Beacon Chain and the BSC is that the Beacon Chain uses PoS for consensus, while the BSC uses a modified version of PoS called "fast-finality" to improve transaction speeds and reduce costs.
Another difference is that the Beacon Chain is primarily focused on facilitating the operation of the BSC, while the BSC is focused on enabling the development and execution of smart contracts and dApps.
Overall, the Beacon Chain serves as the foundation for the BSC, providing the infrastructure and security needed to support the smart contract capabilities of the BSC.