As the name implies, Binance Smart Chain is an exclusive blockchain that enables the Binance decentralized exchange to run and perform transactions and also helps in creating secure crypto-wallets. While Binance attempted its own blockchain game with Binance Chain, it had a few major flaws that hampered its adoption. It was not scalable and the platform fee was considerably high. It did present some challenges but it also opened up an interesting case for a new blockchain. To Know More: https://www.blockchainappfactory.com/binance-smart-chain-development-services