BNB Chain is a blockchain network created by Binance, one of the largest cryptocurrency exchanges. It consists of two main components:
1. BNB Smart Chain (BSC) – A fast and low-cost blockchain that supports smart contracts and decentralized applications (DApps). It is compatible with Ethereum’s Virtual Machine (EVM), making it easy for developers to migrate projects from Ethereum.
2. BNB Beacon Chain – Used for governance and staking, it supports Binance’s decentralized exchange (DEX).
BNB (Build and Build) is the native cryptocurrency of the BNB Chain, used for transaction fees, staking, and governance. BNB Chain is known for its high-speed transactions and affordability, making it popular for DeFi projects, gaming, and NFTs.
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