#BNB

BNB Chain has one of the most diverse DeFi ecosystems across its layer-1 chain (BNB Smart Chain or BSC) and layer 2 (opBNB). BNB is your gateway to the BNB Chain DeFi ecosystem.

BNB, or Binance Coin, is a cryptocurrency that's used on the Binance cryptocurrency exchange. It was created in 2017 by Changpeng Zhao, also known as CZ.

How is BNB used?

Pay fees: BNB can be used to pay fees on the Binance exchange

Trade: BNB can be traded for other cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin

Payment method: BNB can be used to pay for products and services globally

Smart contracts: BNB can be used to execute smart contracts

Staking: BNB can be used for staking

BNB Smart Chain

BNB is the native token of the BNB Smart Chain (BSC), a blockchain that supports smart contracts and apps. The BSC uses a Proof of Staked Authority (PoSA) consensus mechanism to keep the network secure.