How to add Binance Smart Chain (BSC) to MetaMask
Binance Smart Chain is a blockchain platform developed by the Binance exchange and its community. It is compatible with Ethereum smart contracts and allows users to build decentralised applications (dApps) on its network. Binance Smart Chain also features a native utility token, BNB, which can be used to pay for transaction fees on the network.
The Binance Smart Chain mainnet launched on September 1, 2020. The launch of Binance Smart Chain brought increased competition to the sector of EVM-compatible blockchains and inspired many others. Because it is an EVM-compatible network, it can connect to MetaMask as MetaMask is an EVM-compatible application. Follow the below steps to get started.
- Open MetaMask and click the Networks drop-down menu.
- Select 'Add a network' and you will get redirected to web form.
- Copy the below BSC RPC details and enter them, then tap 'Add Network'.
Binance Smart Chain RPC Details
Below you can find the RPC details for the Binance Smart Chain.
- Network Name: Smart Chain
- URL: https://bsc-dataseed.binance.org/
- ChainID: 56
- Symbol: BNB
- Block Explorer: https://bscscan.com
These details can be verified on the Binance Academy Blog.
About Binance Smart Chain (BSC)
Binance Smart Chain offers several advantages over Ethereum, including faster transaction speeds and lower fees. The Binance team has also stated that they plan to improve upon Ethereum's governance model. Binance Smart Chain is a permissioned blockchain, meaning that only certain entities are allowed to validate transactions on the network.
The Binance Smart Chain platform is still in its early stages of development and it remains to be seen how it will fare against other Ethereum-compatible blockchains in the long run. Nevertheless, the launch of Binance Smart Chain is a significant event in the cryptocurrency space and it will likely have a positive impact on the long-term adoption of blockchain technology.