Best Web3 Platforms for UniPass

BNB Smart Chain is a blockchain-based platform developed by Binance. It was designed to allow decentralized applications (dApps), and smart contracts. It is a parallel chain that operates alongside Binance Chain. It combines high-speed transactions and the programmability provided by Ethereum-compatible smart contract. BSC uses a Proof-of-Staked-Authority (PoSA) consensus mechanism, which enhances scalability and efficiency while reducing transaction costs. It is compatible with Ethereum Virtual Machine (EVM), which allows developers to easily port projects and dApps from Ethereum. BSC is a popular platform for Decentralized Finance (DeFi), Gaming, and NFT ecosystems. It offers users a fast and low-cost platform for blockchain-based innovation.

A traditional account is a data storage container that you don't own. Your Facebook account is a storage container that stores your information only on Facebook. Facebook is the owner of your account and has complete control over it. This means that Facebook can recall your account at any time and delete or alter your account data. Other traditional accounts include email addresses and mobile phone numbers. These accounts and the data they contain are not yours. Your.bit is a new type of data container that you can possess without permission. Any application can read its data, but only you are allowed to write into it. This container is yours to control and own. It cannot be deleted by anyone. Your data sovereignty is yours. .bit is a self-sovereign container for data. Different accounts can be used in different apps. Your data is distributed in different data containers. The same.bit is used in different apps. Your data is integrated into a single data container.