$BNB

History of BNB Smart Chain and BNB token

Binance cryptocurrency exchange and BNB token were established in 2017. BNB token was initially an ERC-20 token on the Ethereum blockchain. In 2019, it migrated to Binance Exchange’s propriety blockchain called Binance Chain, and eventually became the fuel for Binance Smart Chain (BSC), which launched in September 2020. Due to the network’s high transaction speed, low transaction cost, and EVM compatibility, BSC quickly gained traction as the DeFi movement took off and Ethereum suffered from chronic congestion and high fees.

In February 2022, Binance Smart Chain was rebranded as BNB Smart Chain. BNB Smart Chain is itself part of the BNB Chain ecosystem of blockchains, which consists of BNB Beacon Chain (the staking and governance layer), BNB Smart Chain (the smart contract execution layer), ZkBNB (a zero-knowledge proof rollup for scaling), and BNB Greenfield (a decentralized data storage platform).

How can you use BNB and BNB Smart Chain?

Anyone can buy, sell, send, receive, and hold BNB in the Bitcoin.com Wallet app.

Advanced users also have the option to directly interact with Decentralized Apps (dApps) on the BNB Smart Chain network using the Bitcoin.com Wallet (via WalletConnect). dApps on BNB Smart Chain enable DeFi use cases like trading, borrowing and lending, prediction markets, crypto derivatives, synthetic assets, NFTs, and more.

For an up-to-date list of the top decentralized applications on BNB Smart Chain, please refer to DAppRadar.

To learn how to connect to dApps in the Bitcoin.com Wallet app, please see this guide.

For more information about BNB Smart Chain, please refer to this document.

Bridging between BNB Smart Chain and Ethereum

You can bridge select Ethereum cryptoassets to BNB Smart Chain using the officially recommended Celer cBridge. Bridging will take a certain amount of time, which the bridge will estimate for you. After that, you can do most things you can do on Ethereum such as swap, borrow/lend