Staking BNB
In 2017, the Binance platform launched its native currency Binance Coin (BNB), which allowed it to create a new blockchain network to run Ethereum Virtual Machine (EVM) applications. The network has evolved over the years and is now known as Binance Smart Chain (BSC). Like the Ethereum blockchain, the Binance network uses a Proof of Stake (PoS) algorithm to validate the authenticity of transactions on the blockchain. You can purchase BNB through the Binance platform, and then stake it on the network for a return of up to 5.27%.
Bitlayer
