CVIP Whitepaper
Search
K

WHY CVIP IS BASED ON MULTIPLE BLOCKCHAINS?

Binance Smart Chain (BSC) has a faster block time of approximately 3 seconds, resulting in quicker transaction confirmation compared to Ethereum, which has a block time of around 13-15 seconds. BSC is known for lower transaction fees and faster transaction processing, while Ethereum boasts a robust ecosystem and wider adoption, especially in decentralized finance (DeFi) applications. It only has 29 validators, or miners, whereas the Ethereum network has over 903,626 validators.
Reference: https://academy.binance.com/en/articles/binance-smart-chain-vs-ethereum-what-s-the-difference
This is the comparison of the 2023 official Website Data. The expending of two blockchains grows with time it's always getting difficult in every situation.