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Smart Chain and Ethereum’s main differences lie in their different security protocols. While both systems use PoW (Proof of Work) algorithms, Smart Chain uses a different version to strengthen its blockchain. Whereas Ethereum’s PoWCryptonight algorithm relies on CPU power for mining, Smart Chain’s Algorithm Dagger-Hashimoto is based on both CPU and graphics processing unit (GPU) power for ideal mining performance. As a result, smart Chain offers a more secure platform than the Ethereum blockchain since it requires both CPUs and GPUs for consensus building. Multichain ethereum binance smart chain labspartzcointelegraph Binance withdrawals and BUSD redemptions surge post Paxos crackdown from Cointelegraph

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Overview of Smart Chain

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Previously, Optimism was well known by the entire Ethereum community for its innovative OVM.But its compatibility with Ethereum’s EVM was not particularly ideal, adding additional costs of development and security audits to many project teams that wish to deploy on OE. The lower contract migration cost is a necessary factor for the early start of layer 2, we can see the Arbitrum One as a relevant example. Open Roles at VitaDAO Taken from the BNB Smart Chain docs for node requirements