Binance Smart Chain (BSC) is a blockchain network developed by Binance that is designed to support smart contract functionality and decentralized applications (dApps). It operates independently from the Binance cryptocurrency exchange but is still owned and operated by Binance.

BSC is designed to offer fast and low-cost transactions, with block times of just 3 seconds and gas fees that are typically much lower than those on the Ethereum network. This makes it an attractive option for developers looking to build dApps, particularly those that require high transaction speeds or low fees.

While the Binance exchange is primarily focused on trading cryptocurrencies, Binance Smart Chain is focused on supporting decentralized applications, allowing developers to create a wide range of dApps that can be used by users around the world.

Binance Smart Chain (BSC) is a blockchain platform designed for decentralized applications (dApps) and smart contracts, operating alongside Binance Chain for faster, low-cost transactions. Unlike the Binance Exchange, a centralized cryptocurrency trading platform, BSC is decentralized, allowing users to interact with DeFi protocols, NFTs, and dApps without intermediaries. While the Binance Exchange facilitates trading, lending, and staking under a regulated entity, BSC relies on a network of validators and uses its native token, BNB, for gas fees. BSC also supports Ethereum-compatible tools, making it accessible to developers. However, the Binance Exchange offers higher liquidity and security for spot and futures trading, whereas BSC emphasizes decentralized finance and scalability.