Binance Smart Chain (BSC) is an alternative blockchain to Ethereum with its own cryptocurrency token called Binance Token (BNB). It was created to address the high transaction fees and congestion on the Ethereum network.

Binance Smart Chain (BSC) operates with a fixed number of privileged validator nodes, making it faster and more cost-effective for transactions. While BSC's architecture is more centralized compared to Ethereum, it has gained popularity and has a thriving ecosystem of decentralized services.

Transaction fees on BSC are paid using BNB tokens.