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BullChain Network focuses on making the best smart contract platform so that dApps developers on BSC do not need to pay much attention to infrastructure and can focus more on their dApp. Ideally, the developers can build whatever applications on BullChain Network without having to consider its scalability. BullChain Network solves prominent issues: scalability, interoperability and lack of developer incentive. Scalability Blockchains do not scale by design because of the decentralized consensus mechanism. TPS (Transaction Per Second) is much smaller than a centralized database and there is an upper limit of data that can be stored in every block. Therefore, users across the network may notice their transactions sit unconfirmed or pending for long periods of time, creating a poor user experience. Scalability on the BullChain Network is addressing the followings topics: More Transaction Per Second (TPS) Cheaper transaction cost Faster finality Interoperability Many different blockchains exist but few have interoperability as a feature. To move "value" from Bitcoin to Ethereum, we need a centralized exchange. BSC is a sharded protocol that enables blockchain networks to operate together seamlessly.
BullChain Network is compatible with BSC. By connecting BullChain Network to Binance Smart Chain, we have true interoperability. Lack of Developer Incentive DApp developers are the most important human resource in the blockchain industry but they are paying a lot of costs to develop dApps or infrastructure projects. Has a #Build2Earn protocol that allows developers to earn basic income while making products.
Ethereum Virtual Machine (EVM) networks are decentralized networks that use the EVM to execute smart contracts and run decentralized applications (dApps). The most well-known EVM network is the Ethereum mainnet, which is the original and largest EVM network. The Ethereum mainnet is a public network that is open to anyone to use and is secured by a decentralized network of nodes. There are also other EVM networks that have been created, including private networks and testnets. Private networks are typically used for testing and development, and they can be configured to have different properties than the mainnet, such as faster block times or different consensus algorithms. Testnets are also used for testing and development, and they often have a different token than the mainnet, such as Ropsten for Ethereum. Additionally, there are other EVM compatible blockchain networks like Binance Smart Chain (BSC), Polygon (previously Matic), and xDai which provide higher scalability and lower transaction fees than Ethereum mainnet. These networks are called Layer 2 solutions and they are built on top of Ethereum mainnet and are fully compatible with EVM, which allows developers to use their existing knowledge of Ethereum to build on these networks. In short, EVM networks are decentralized blockchain networks that utilize the Ethereum Virtual Machine to execute smart contracts and run decentralized applications. The most well-known is the Ethereum mainnet, but there are also private networks, testnets and other EVM compatible networks like Binance Smart Chain, Polygon, and xDai which provide additional scalability and lower fees. Block explorers Block explorers are the Google for searching on a blockchain. They give developers and users the possibility to search information such as balances, contracts, tokens, transactions, and API services. Provides two different kinds of explorers: one that combines Substrate and EVM, and another that is dedicated to our EVM ecosystem.
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