$BNB What is BNB Token?

BNB (Binance Coin) is the native cryptocurrency of the Binance ecosystem.

Originally launched as an ERC-20 token on the Ethereum blockchain but later migrated to Binance’s own blockchain called Binance Chain.

Now, BNB mainly exists on Binance Smart Chain (BSC), a blockchain that runs parallel to Binance Chain and supports smart contracts and decentralized apps (dApps).

What is a Blockchain?

A blockchain is a decentralized, distributed ledger that records transactions across many computers.

Each “block” contains a list of transactions, and blocks are linked together forming a “chain.”

It’s secure, transparent, and hard to alter once confirmed.

Binance Smart Chain (BSC)

Binance Smart Chain is a blockchain developed by Binance that’s fast, low-cost, and compatible with Ethereum’s smart contract standard (EVM).

It allows developers to create dApps, DeFi projects, NFTs, and more.

BNB is used on BSC to pay transaction fees, participate in governance, and fuel various applications.

Why BNB Matters in Blockchain?

BNB powers transactions on Binance’s blockchains.

It’s used to pay fees with discounts on Binance Exchange.

Acts as “gas” on BSC — meaning you pay BNB to execute smart contracts or transfer tokens.

Supports Binance ecosystem growth — staking, governance, launchpads, etc.$BNB