BNB Chain (Binance Chain & BSC) Overview

BNB Chain is a blockchain ecosystem powered by Binance Coin (BNB). It consists of two main chains:

1. BNB Beacon Chain (formerly Binance Chain): Handles governance and BNB staking.

2. BNB Smart Chain (BSC): Supports smart contracts and decentralized applications (dApps).

Key Features of BNB Chain:

✅ Fast & Low-Cost Transactions – Cheaper fees than Ethereum.

✅ Smart Contract Support – Compatible with Ethereum’s EVM, allowing easy migration of dApps.

✅ DeFi & Web3 – Used in DeFi platforms like PancakeSwap, Venus, and ApeSwap.

✅ NFT & Gaming – Supports NFT marketplaces and GameFi projects.

✅ Security & Staking – Uses Proof-of-Staked-Authority (PoSA) for fast and secure transactions.

Ways to Use BNB Chain:

1. Trading & Transactions – Use BNB for transactions and gas fees.

2. Staking – Stake BNB to earn rewards.

3. DeFi Yield Farming – Earn passive income on platforms like PancakeSwap.

4. Building dApps – Developers can create smart contracts and Web3 applications.

5. NFTs & GameFi – Participate in blockchain games and NFT trading.