The MIT token is built on top of the Blockchain Binance Smart Chain (BSC) network using BEP20. Binance Smart Chain (BSC) is a blockchain network designed for running applications based on smart contracts. BSC works in parallel with Binance's native Binance Chain (BC), offering users the best of both worlds: BC's high transaction capability and BSC's smart contract capability. (BSC) has the advantage over other blockchains as it already has an optimized network with a low transaction cost in its main layer.