iMe Smart Platform Integrates Binance Smart Chain to Rein in Gas Fees
Keeping in line with our vision to expand the iMe ecosystem to make room for state-of-the-art DeFi features, we are integrating Binance Smart Chain on our platform. BSC, one of the most trending blockchains of recent times, will provide our users with a wide range of farming and staking options at a relatively lower cost. Binance Smart Chain has drawn massive attention from crypto enthusiasts owing to its scalability, speed, and lower fees. As the fees charged on Ethereum transactions climb new heights with each day, users are actively looking for an efficient alternative. iMe has found an answer in BSC.
What is Binance Smart Chain (BSC)?
Binance Smart Chain is an extension of Binance Chain with smarter features, as the name implies. It has dual chain architecture for faster and cheaper results. This essentially means both chains function complementary to each other. Binance Smart Chain will cater to decentralized applications (dApps) without impeding the performance of the original chain.
How do users benefit from iMe-BSC integration?
BSC significantly increases the efficiency of transactions.
iMe will soon enable transactions on the messenger through Telegram. As the ability of Ethereum to handle more transaction volume is in question, BSC integration will provide a solid foundation for the iMe ecosystem to facilitate transactions.
Low transaction fees
Binance Smart Chain recently outstripped Ethereum in daily transactions. This huge leap was a result of lower fees on the network owing to its faster transaction architecture. Through this initiative, iMe aims to make transactions affordable for users and stay competent.
The tokens minted on Binance Chain are called BEP20 tokens. Both BEP20 and ERC20 tokens will bear the same receiving address. As it exists on a separate chain, the compatibility of the separate chain increases remarkably. It is optimized to run dApps.
What is coming?
iMe will integrate popular blockchains into its ecosystem in the coming months. As promised, the integration of Ethereum 2 is in progress. Through strategic partnerships and innovation, iMe Messenger & Wallet will make DeFi accessible to all.
Visit our website for more details — https://imem.app
Follow us on Twitter, and get regular updates on news, events and exciting development stories.