Binance Smart Chain achieves a block time of 3 seconds with the Proof-of-Stake consensus algorithm. The participants can stake BNB to become validators using the Proof of Staked Authority (PoSA). If anyone can come up with a valid block, they can receive transaction fees as a reward.
Binance smart chain was viewed in perspective as an independent but relied close on the existing Binance Chain. The presence of dual chain architecture in the Binance Smart Chain benefits in the seamless transfer of assets from one blockchain to another. There is a possibility to build powerful decentralized apps on the Binance Smart Chain platform. The interoperability feature is exposed to a vast ecosystem that provides various use cases. It allows the users to swap BEP-2 tokens with BEP-20 tokens in the Binance Smart Chain. It is easy to move one chain to another using the Binance Chain wallet.