Binance Coin (BNB) is the native cryptocurrency of the Binance Smart Chain (BSC), a blockchain developed and maintained by Binance.

The BSC is currently focused on providing a network for the execution of smart contracts and decentralized applications, which provide the foundations for the functioning of Decentralized Finance (DeFi) and other sectors that require the reliability and resilience of a blockchain network.

BNB, although it started as a utility token, has gained a series of new functionalities over time, becoming the main competitor to Ethereum (ETH), the second largest cryptocurrency by market capitalization, alongside Cardano (ADA).

Known within the cryptocurrency market for having an easy-to-use blockchain network with low transaction costs, it has increasingly become an alternative to Ethereum, which has suffered significantly from network congestion, greatly increasing its transaction fees.

$BNB the giant