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It offers faster transactions and cheaper transaction speeds than Ethereum, but it is more centralized. Bitcoin BTC energy consumption relative to selected countries worldwide It initially functioned on the Ethereum blockchain network as an ERC token, offering incentives to owners like reduced trading fees, affiliate rewards, or a lottery ticket system 'Launchpad' that let users invest in new, Binance-selected crypto projects. Unlike PoS, the Binance blockchain does not support smart contract functionalities. More information.
