What is Blockchain?
Blockchain is a decentralized digital network that stores transaction data securely, transparently, and immutably. In this network, all data is distributed across multiple computers, rather than controlled by a single party.
What is a Smart Contract?
A smart contract is automated code on the blockchain that executes specific command without the need for an intermediary. For example, if you send BOB, the smart contract can automatically send BOB tokens to your wallet.
Relationship with BOB (Build on BNB)
BOB is a token build on BNB (Binance Smart Chain) blockchain using BEP20 smart contract.
This means that all BOB transactions, such as purchases, sales, staking, and even developer seed wallets, are automatically regulated by smart contracts and transparently recorded on the BNB blockchain.
If you hold BOB token, you are using the advanced, fast, and secure blockchain and smart contract technology unique to the BNB ecosystem! 🚀