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BNB Chain

BNB Chain is a blockchain developed by Binance, one of the largest cryptocurrency exchanges in the world. It is the native blockchain for Binance Coin (BNB), the cryptocurrency issued by Binance.

BNB Chain was launched in 2019 as an independent blockchain based on the Binance Chain protocol. Previously, BNB was a token based on the Ethereum network, but Binance decided to create its own blockchain to offer more control and features specific to its community and ecosystem.

BNB Chain is designed to be fast, efficient and scalable, enabling fast and low-cost transactions. It also supports smart contracts, although it is more focused on specific use cases such as tokens, decentralized exchanges and financial applications.

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Last updated 1 year ago