In this brief article, we’re going to explain how Binance Smart Chain (BSC), a popular smart contracts environment, is accessed through GetBlock’s API endpoint.
Running BSC Node: What is Binance Smart Chain?
Binance Smart Chain is a smart contracts platform proposed by a world-leading centralized cryptocurrency exchange Binance (BNB). It replaced Binance Chain – the first blockchain developed by Binance. Binance Chain didn’t support smart contracts; it was only utilized for value transfers between the accounts of Binance (BNB) users.
#Binance Smart Chain Has Launched! 🚀September 1, 2020
Numerous crypto projects are already working with the Binance Chain community to help make BSC a robust blockchain platform, such as:
Binance Smart Chain is fully compatible with Ethereum Virtual Machine (EVM): every Ethereum-based dApp can migrate to Binance Smart Chain with ease. BSC charges its accounts with lower transactional fees: it works faster than Binance Smart Chain and is way more scalable.
Since its testnet inception in Q1, 2020, Binance Smart Chain (BSC) has promoted itself as a low-cost and high-speed alternative to Ethereum (ETH).
As of November 2021, Binance Smart Chain registered more than 117 million unique addresses processing 13-14 mln transactions per day. According to many indicators, Binance Smart Chain is the most popular mainstream blockchain of the entire Web3 segment.
Running BSC Node: Why is BSC crucial for DeFi and GameFi?
According to third-party explorers, Binance Smart Chain hosts 2054 decentralized applications. Out of them, more than 75% belong to DeFi and Games categories.
Binance Smart Chain attracted developers by well-designed documentation: like Ethereum, BSC utilizes Solidity programming language for its smart contracts. As such, every Ethereum developer is a BSC developer at the same time.
DeFi ecosystem PancakeSwap (CAKE), a copycat of iconic Ether-based Uniswap, and CryptoMines game are two most popular decentralized applications that are running on Binance Smart Chain nodes.
Binance Smart Chain is frequently accused of a low level of decentralization, buggy codebase, poor level of dApps support, and so on. At the same time, being the cheapest mainstream smart contracts environment, BSC cemented itself as a go-to solution for early-stage dApps.
Running BSC Node with GetBlock: See the Demo
GetBlock, a top-notch nodes API provider for 40+ blockchain, is among the most popular vendors of access to Binance Smart Chain (BSC). As such, our team can connect your dApp to GetBlock API instantly so that you will be able to run your game, casino or NFT marketplace on Binance Smart Chain (BSC).
In the following demo, we’re going to check out the block height (number of the last block mined of Binance Smart Chain).
To check this parameter, we need to access BSC’s mainnet, send the ‘eth_getBlockByNumber’ command and input our API key number.
That’s how we access Binance Smart Chain nodes. Ping our representatives in Telegram, and your dApp will be live on BSC today!