๐ค Founder: Changpeng Zhao (CZ)
๐ BNB Chain (BNB)
A blockchain network by Binance combining Proof of Stake & Authority (PoSA) for fast, efficient, and low-fee transactions โก
โ๏ธ Key Features:
Validators & Staking: Stake 10,000 BNB or delegate to earn rewards ๐
Smart Contracts & dApps: Execute agreements & run decentralized apps without intermediaries ๐ป
NFTs & Tokenization: Create, collect, and trade digital assets like NFTs ๐จ
Low Fees: 60x cheaper than Ethereum gas fees โฝ
Auto-Burn: Reduces supply to 100M BNB ๐ฅ
โ ๏ธ Considerations:
Centralized validator system โ ๏ธ
Exchange wallets targeted by hackers ๐ฃ
$BNB
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