One of Ethereum's biggest competitors is Binance Smart Chain (BSC). BSC offers a similar decentralised platform for building & deploying smart contracts & decentralised applications (DApps). It has gained popularity for its lower transaction fees & faster block confirmation times compared to Ethereum. BSC's native token BNB is also widely used for various purposes within the Binance ecosystem. While Ethereum and BSC have different design philosophies & target audiences they both aim to provide solutions for decentralised finance (DeFi) & enable the development of innovative blockchain based applications.