NFT Trading Platform（BSC）

Tomorrowland NFT trading platform, jointly initiated by the NFT team, financial experts and blockchain experts, which aims to promote the minting and trading of NFTs of artworks and sports events, connecting sports event with fans, collectors, copyright owners and investors to create an ecological cycle system with convenient NFT casting, low transaction costs for both parties, and a safe and reliable platform.

Tomorrowland is based on the underlying technology of BSC, which lets creators and sports event viewers realize the on-chain artworks and realize power confirmation. Investors can complete the collection, transaction and investment of high-value artwork NFTs in the sport sector on the TomorrowLand NFT platform.

Applied Technologies

Tomorrowland will run on the Binance Smart Chain, which achieves a block time of about 3 seconds through the proof-of-stake consensus algorithm. It uses something called Proof of Stake Authority (or PoSA), where participants stake BNB to become validators.

If they propose a valid block, they will receive a transaction fee from the included transaction. Note that unlike many protocols, there is no block subsidy for newly minted BNB as BNB does not cause inflation. Conversely, the Binance team conducts token burns on a regular basis, so the supply of BNB decreases over time.

Safe and Stable:

Binance Smart Chain (BSC) can be described as a blockchain parallel to Binance Chain. Unlike Binance Chain, BSC has smart contract functionality and is compatible with the Ethereum Virtual Machine (EVM). The design goal here is to maintain the high throughput of the full Binance Chain while introducing smart contracts into its ecosystem.

Essentially both blockchains are parallel. It is worth noting that BSC is not a so-called second layer or off-chain scalability solution. It is an independent blockchain that can function even after Binance Chain goes offline. From a design standpoint, the two chains are very similar.

Since BSC is EVM compatible, it supports Ethereum tools and DApps. This theoretically allows developers to easily port their projects from Ethereum. For users, this means that they can easily configure applications such as MetaMask to work with BSC, just by tweaking a few settings. Check out Binance Smart Chain with MetaMask to get started.