BNB Chain is a decentralized blockchain ecosystem that originated from the Binance exchange.
Key Features:
1. Fast Transactions – BNB Chain processes transactions quickly, with block times of approximately 3 seconds.
2. Low Fees – Transaction costs on BNB Chain are lower compared to many other blockchain networks.
3. DeFi Support – The network facilitates various decentralized finance (DeFi) applications like lending, borrowing, and yield farming.
4. NFT Integration – BNB Chain enables the creation, trading, and storage of non-fungible tokens (NFTs).
Native Cryptocurrency:
BNB (Binance Coin) – BNB serves as the native token of the BNB Chain, used for transaction fees, governance participation, and access to DeFi applications.
