Thread by @traderjoe_xyz

Trader Joe recently deployed to @BNBCHAIN alongside @joepegsnft to offer a trusted and safe decentralised exchange for the BNB ecosystem.

Time to explore @BNBCHAIN with another series of #TraderJoeBlockchainBasics 💫

Blockchain scaling is one of the biggest problems that crypto is facing right now. Everyone should have cheap and fast access to web3.

This is why @BNBCHAIN focuses so much on user experience and accessibility.

The BSC, which is a part of a broader BNB Chain ecosystem, was launched in 2020 and since then has grown to become one of the largest in the space, helping onboard millions of new users into the #Crypto space.

#BNBChain Ecosystem of Blockchains:

The chain uses a Proof of Staked Authority (PoSA) consensus algorithm with 21 validators to be able to offer cheap gas prices and fast processing speeds.

BSC's theoretical throughput is at least an order of magnitude larger than Ethereum's.

BSC is fully compatible with the Ethereum Virtual Machine (EVM), providing a seamless experience for both users and developers.

The chain plans to future-proof itself and ensure it's able to satisfy the growing demand through the use of BSC Application Sidechains (BAS).

Each BAS has its own rules, validator set and design, with a two-way bridge connecting it to the main BSC hub.

Computation-intensive applications such as games and exchanges will be able to use sidechains to ensure transactions stay fast and cheap at all times.

With BAS, developers can easily create blockchains according to their unique specifications and requirements.

Sidechains will also be able to take the form of zero-knowledge rollups for applications that wish to inherit the security of the BSC mainnet.

Recently, BNB Greenfield was added to the BNB ecosystem.

It is a chain designed specifically for decentralised data storage connected to the BSC through a native bridge.

Learn more:

https://twitter.com/BNBCHAIN/status/1620755281163735040?s=20

BNB Greenfields main goal is to offer the same performance and experience as established web2 storage providers while allowing users to take ownership of their data 🌱

Compared to other decentralised storage options, a core benefit of Greenfield is how easy it is to integrate it into existing applications and smart contracts on BSC.

In the future, Greenfield will even be able to store data for Layer 2 networks.

With hundreds of thousands of daily active users, the second largest #DeFi TVL and some of the biggest names building on it, the BSC has truly earned its name.

Trader Joe is proud to be building on BSC powering highly efficient trading and liquidity provisioning with… twitter.com/i/web/status/1…