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BNB Chain

BNB Smart Chain (BSC), formerly Binance Smart Chain, is a blockchain network launched by the cryptocurrency exchange Binance. It is interoperable with smart contracts and decentralized applications (DApps). BSC runs alongside the BNB Chain, originally known as the Binance Chain.

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  • Blockchain

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: 

  • Open

  • Multi-chain

  • For creators and inventors

  • Permissionless

  • Forever decentralized

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.