The prerequisite to this blog is having a metamask wallet. If you do not have one, follow this blog and create one.
Binance smart chain is a EVM compatible blockchain with ~3 second block time and Proof of Staked Authority as proof of concepts. What that means is lower gas fees compared to Ethereum block chain.
The native token on Binance Smart Chain is BNB just like Ether on Ethereum block chain. The Token Standard on Binance smart chain is BEP-20 which extends Ethereum token Standard ERC-20.
After you created, the wallet will look like below.
Click on the Ethereum mainnet at the top right corner and expand it. At the bottom, click on Custom RPC. Now you should see a screen just like below one.
Now, enter the below details for mainnet and Hit Save.
BSC mainnet Settings
Network Name: Smart Chain - Mainnet
New RPC URL: https://bsc-dataseed.binance.org
Chain ID: 56
Symbol: BNB
Block Explorer URL: https://bscscan.com
Now, before making any transactions to interact with Dapps, send some BNB to this address. Make sure, you provide BEP-20 address, otherwise the crypto will be lost.
BSC testnet settings
If you are developer and want to deploy smart contracts, you might want to connect to testnet.
Network Name: Smart Chain - Testnet
New RPC URL: https://data-seed-prebsc-1-s1.binance.org:8545/
Chain ID: 97
Symbol: BNB
Block Explorer URL: https://testnet.bscscan.com
Faucet: https://testnet.binance.org/faucet-smart/
More Information on Binance Smart Chain
- Binance smart chain white paper - WhitePaper
- Github Repo - Binance Chain
- Documentation - https://docs.binance.org/
- https://www.binance.org/en/smartChain