Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications. BSC runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.
BDC has a couple of interesting favorable properties. The two most relevant ones are probably the following :
1. Since BDC would have legal tender status and would not be your bank's liability, you would not have to rely on the bank's solvency. Your money would be safe, no matter how well the bank does.
2. The Central Bank would have a much more direct way to exert its monetary policy in that it would have a more potent tool to fulfill one of its main tasks: ensuring financial stability.
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