BNB Chain is a blockchain ecosystem created by the largest cryptocurrency exchange Binance To support decentralized applications (DApps), DEFI projects and Web3 services.
It includes two main components:
- BNB Beacon Chain – Responsible for management and decentralized network management (Governance).
- BNB Smart Chain (BSC) – Compatible with the Ethereum virtual machine (EVM), which allows you to run smart contracts and projects created for the Ethereum ecosystem with low commissions and high transaction speeds.
The main cryptocurrency of the network is BNB (Build and Build)which is used to pay commissions, participate in staking and voting for ecosystem updates.
BNB Chain Features:
- High capacity and low commissions.
- Support for DeFi, NFT, GameFi and other Web3 applications.
- Compatible with Ethereum for simplified project migration.
- Active community and developer ecosystem.
BNB Chain has become one of the largest platforms for decentralized finance and continues to evolve as Ethereum’s competitor in scalable and affordable blockchain solutions.
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