Part 7/10:
One of the major draws of Binance Smart Chain is the incredibly low transaction fees, often under a dollar. This starkly contrasts with Ethereum, where transaction fees can escalate to exorbitant rates, particularly during peak usage. This affordability allows more users to experiment with creating their own tokens and participating in the crypto economy.
However, this ease of token creation also paved the way for malicious actors to proliferate scams across the network. Notable platforms like PancakeSwap emerged within this ecosystem, creating a decentralized exchange for swapping tokens. Unfortunately, this space has seen a surge in scams, as the lack of accountability in a decentralized environment can lead to user losses.