Blockchain Technology

The Spintop Platform is planned to be cross-chain compatible in the future. Initially, the platform will be built on the Binance Smart Chain (BSC), a blockchain network for running smart contract-based applications. The BSC runs in parallel with Binance’s native Binance Chain (BC).

In early 2021, ‌the Binance Smart Chain gained immense traction thanks to Ethereum’s congestion and gas fees, which caused developers and staking/farming investors to look for other options. The Binance Smart Chain also excels at decentralized application development and enables developers to build dApps with low latency, low fees, and large capacity. Compared to other blockchains—especially Ethereum the advantages of the Binance Smart Chain are the main reasons for our choice.

On the other hand, amidst the 2.0 upgrade of the Ethereum network, which will make it significantly faster, cheaper, and more secure;, our second choice of chain is set to the Ethereum network. As the ecosystem progresses, we will add more chains and adapt to new technology and developments. Our main goals are to integrate into: Polygon (MATIC) and Solana ecosystems.

Mint & Burn Functions

Governance

Last modified 9mo ago

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