BNB Chain’s mission is to build the infrastructure powering the world’s parallel virtual ecosystem, and BNB Chain’s commitment to the community is that it will be:
For creators and inventors
BNB Chain is comprised of:
• BNB Beacon Chain (previously Binance Chain) - BNB Chain Governance (Staking, Voting)
• BNB Smart Chain (BSC) (Previously Binance Smart Chain) - EVM compatible, consensus layers, and with hubs to multi-chains
BNB (formerly known as Binance Coin) stands for “Build and Build.” Along with “fueling” transactions on BNB Chain (similar to gas on Ethereum), BNB also acts as a governance token. Holding BNB gives you the right to make your voice heard and is necessary to participate in BNB Chain’s decentralized on-chain governance. With this name change also comes more advancements to benefit users, projects and developers connected to the BNB Chain community.