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BNB Chain(formerly Binance Smart Chain, BSC) is an instance of the Ethereum Virtual Machine built and maintained by a team from the popular Crypto Exchange Binance. BNB Chain follows most of the rules of Ethereum Mainnet, but has not implemented EIP1559. Instead it relies on BEP-95 to burn fees that accrue during usage of the platform. Furthermore, the gas limit per block is set to 100 mio, enabling more transactions to be processed in a given block. Transactions fees are paid in $BNB instead of $ETH.