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Binace Smart Chain (BSC) is a blockchain that runs parallel to the original Binance blockchain, Binance Chain. BSC is different from Binance Chain as it supports smart contracts and DApps. But both the blockchains are cross-compatible as it allows users to transfer assets between the chains. The initial success BSC had can be attributed to its fast processing speeds, low transaction fees, and compatibility with Ethereum Virtual Machine (EVM), which made it easy for the developers to switch their DApps from Ethereum to BSC.