{"id":2324,"date":"2025-05-27T06:17:12","date_gmt":"2025-05-27T06:17:12","guid":{"rendered":"https:\/\/www.benfen.org\/blog\/index.php\/how-travel-can-boost-your-creativity\/"},"modified":"2025-12-04T16:37:23","modified_gmt":"2025-12-04T08:37:23","slug":"introduction-to-benfen-a-new-generation-of-real-world-payment-public-chain","status":"publish","type":"post","link":"https:\/\/www.benfen.org\/blog\/index.php\/introduction-to-benfen-a-new-generation-of-real-world-payment-public-chain\/","title":{"rendered":"Introduction to BenFen: A New Generation of Real-World Payment Public Chain"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"><span><i class=\"fas fa-arrow-right\"><\/i><\/span>What is BenFen? <\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.benfen.org\/\">BenFen is a Layer1 blockchain<\/a> specifically designed for stablecoin issuance, application, and payment scenarios.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span><i class=\"fas fa-arrow-right\"><\/i><\/span><strong>Core Vision<\/strong> <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">BenFen aims to become the value public chain supporting global, high-frequency, on-chain financial use cases. By positioning stablecoins as core assets, BenFen leverages its underlying capabilities to connect assets, protocols, and users seamlessly. Its mission is to redefine the on-chain payment experience and serve as a reliable, sustainable, and highly available blockchain foundation for real-world asset interactions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span><i class=\"fas fa-arrow-right\"><\/i><\/span><strong>Native Core Features<\/strong> <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">BenFen natively integrates six core features at the system level, providing globally accessible and user-friendly Web3 infrastructure:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong><a href=\"https:\/\/www.benfen.org\/bridge\/\">Native Cross-Chain Bridge<\/a><\/strong>: Enabling Full-Chain Asset Circulation<\/li>\n\n\n\n<li><strong>One-Click Asset Issuance<\/strong>: Instantly issue stablecoins and RWAs (Real-World Assets) with support.<\/li>\n\n\n\n<li><strong>Stablecoin-as-Gas Payments<\/strong>: Pay transaction fees directly with a stablecoin like BUSD.<\/li>\n\n\n\n<li><strong>zkLogin Enter<\/strong>: Enable users to create and access non-custodial wallets using Google or Apple accounts in one click.<\/li>\n\n\n\n<li><strong>Privacy Mechanism<\/strong>:&nbsp;Introduce a privacy mechanism to protect user privacy and transaction anonymity<\/li>\n\n\n\n<li><strong>Ecosystem Application<\/strong>: Built in an <a href=\"https:\/\/www.benpay.com\/home\/\" target=\"_blank\" rel=\"noopener\">all-in-one super Web3 app-BenPay<\/a>, including <a href=\"https:\/\/www.benpay.com\/card\/\" target=\"_blank\" rel=\"noopener\">Card<\/a>, DEX, <a href=\"https:\/\/www.benpay.com\/defi-earn\/\" target=\"_blank\" rel=\"noopener\">DeFi Earn<\/a>, Shop, <a href=\"https:\/\/www.benpay.com\/paymvp\/merchant\" target=\"_blank\" rel=\"noopener\">Merchant<\/a>, on-chain red packet, and more.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span><i class=\"fas fa-arrow-right\"><\/i><\/span><strong>Technology Foundation<\/strong> <\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Execution Environment<\/strong>:<strong>&nbsp;<\/strong>Built on the&nbsp;<strong>Move language<\/strong>, BenFen&#8217;s modular smart contract system fundamentally ensures secure resource security and behavioral verifiability.<\/li>\n\n\n\n<li><strong>High-Performance Consensus<\/strong>:<strong>&nbsp;<\/strong>Achieves&nbsp;<strong>sub-second<\/strong>&nbsp;transaction confirmation and a stable&nbsp;<strong>tens of thousands of transactions per second (TPS)<\/strong>, tailored for high-frequency payments and interactive applications.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span><i class=\"fas fa-arrow-right\"><\/i><\/span>Core Concepts: Understanding BUSD and BFC <\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">BenFen adopts a dual-token model, with&nbsp;<strong>BUSD<\/strong>&nbsp;and&nbsp;<strong>BFC<\/strong>&nbsp;playing distinct roles in supporting a stablecoin-centric closed-loop economy.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>BUSD<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Definition:&nbsp;<\/strong>BUSD is the&nbsp;<strong>core native stablecoin<\/strong>&nbsp;of the BenFen ecosystem.<\/li>\n\n\n\n<li><strong>Stability Mechanism:&nbsp;<\/strong>Through the native cross-chain bridge, mainstream USD stablecoins such as USDT and USDC are pegged 1:1 upon cross-chain transfer, ensuring&nbsp;<strong>rigid redemption<\/strong>&nbsp;and maintaining value stability.<\/li>\n\n\n\n<li><strong>Core Application:&nbsp;<\/strong>As the main value medium within the ecosystem, it is widely used in core scenarios such as gas fee payment, daily payments, asset staking, and so on.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>BFC (BenFen Coin)<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Definition:&nbsp;<\/strong>BFC is the&nbsp;<strong>native functional and governance token<\/strong>&nbsp;of the BenFen network.<\/li>\n\n\n\n<li><strong>Core Utilities:<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Network Security:&nbsp;<\/strong>Ensures blockchain security through the equity staking mechanism.<\/li>\n\n\n\n<li><strong>Governance:&nbsp;<\/strong>Serves as the credential for participating in the BenFen DAO on-chain governance.<\/li>\n\n\n\n<li><strong>Economic Incentives:<\/strong>&nbsp;Provide incentives for validation nodes and ecosystem contributors<\/li>\n\n\n\n<li><strong>Gas Fee Payment:&nbsp;<\/strong>Functions as an alternative option for paying gas fees.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">In conclusion, BenFen is the next-generation stablecoin blockchain \u2014 the core engine for global, trusted on-chain payments. Built on Move for security, high performance, and low-cost execution, BenFen provides the foundation the stablecoin ecosystem needs: native cross-chain connectivity, institutional-grade settlement, and seamless support for applications &#8211; BenPay. This is the infrastructure powering the future of stable, scalable, and user-ready digital payments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BenFen is a Layer-1 blockchain specifically designed for stablecoin issuance, application, and payment scenarios.<\/p>\n","protected":false},"author":1,"featured_media":3211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[161],"tags":[326],"class_list":["post-2324","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-updates","tag-public-chain"],"_links":{"self":[{"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2324","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/comments?post=2324"}],"version-history":[{"count":2,"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2324\/revisions"}],"predecessor-version":[{"id":3352,"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/posts\/2324\/revisions\/3352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/media\/3211"}],"wp:attachment":[{"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/media?parent=2324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/categories?post=2324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benfen.org\/blog\/index.php\/wp-json\/wp\/v2\/tags?post=2324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}