BNB Smart Chain: The Blockchain for Scalable and Affordable dApps
Launched in September 2020 by Binance, BNB Smart Chain (BSC) was designed to provide a high-performance, low-cost environment for decentralized applications. Built as a parallel chain to Binance Chain, BSC features smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). Its dual-chain architecture allows developers to create scalable dApps while benefiting from fast and cost-effective transactions.
BNB: The Utility Token Powering BSC
BNB, originally launched as Binance Coin, serves as the native token of the BNB Smart Chain ecosystem. It is used to pay transaction fees, participate in staking for network validation, and engage in governance decisions. With its broad utility and adoption, BNB remains one of the most widely recognized and utilized tokens in the blockchain industry.
