# Binance Smart Chain

Exactly why did we decide to launch on Binance Smart Chain (BSC)? 

Well, we'll let the creators of this innovative blockchain tell you directly. Below is a excerpt taken directly from Binance, and we could not have put it any better.

**"Some of the benefits of Binance Smart Chain include:**

* A rich and growing digital asset ecosystem powered by Binance DEX, the leading decentralized exchange
* Cheap transaction fees that reach as low as 1 cent
* High performance with a network capable of producing a block every 3 seconds
* Cross-chain DeFi mechanisms that increase DeFi interoperability
* A supportive Binance ecosystem that funds and bootstraps many DeFi projects
* A growing ecosystem of millions of users across Binance.com and Binance DEX
* A network of major crypto projects already collaborating with BSC"

[**Source** ](https://www.binance.com/en/blog/421499824684900933/Binance-Smart-Chain-Launches-Today)