$BNB
Binance Smart Chain (BSC), now known as BNB Chain, is a blockchain network developed by Binance, designed to enable smart contracts and decentralized applications (DApps) with fast, cost-effective transactions, and is compatible with the Ethereum Virtual Machine (EVM). BSC aims to provide a platform for building and deploying decentralized applications (DApps) and supports smart contract functionality. EVM Compatibility:A key feature of BSC is its compatibility with the Ethereum Virtual Machine (EVM), allowing developers familiar with Ethereum to easily migrate their projects to BSC. Dual Chain Architecture:BSC runs parallel to the Binance Chain, which focuses on trading and token transfers. BNB Token:The native cryptocurrency of the Binance ecosystem, including BSC, is BNB (formerly Binance Coin). Use Cases:BSC is used for various applications, including DeFi (decentralized finance), NFTs (non-fungible tokens), GameFi, and other Web3 projects.
Functionality:BSC supports smart contracts, allowing developers to create all types of services and applications, including blockchain games, governance and voting systems, and decentralized finance (DeFi).
Speed and Cost:BSC is known for its fast transaction processing speed and lower transaction fees compared to some other blockchains.