Blockchain Industry | What is BNB Chain?
BSC launched its mainnet in September 2020, originally called Binance Smart Chain. In 2022, it was renamed BNB Smart Chain.
BNB is used to pay gas fees on BNB Chain and also for validator staking, among other purposes. Its use cases are directly tied to on-chain activity.
Trading and calling contracts on BNB Chain incurs fees settled in $BNB .
Don't put all your funds into a single project.
#BNB
BSC launched its mainnet in September 2020, originally called Binance Smart Chain. In 2022, it was renamed BNB Smart Chain.
BNB is used to pay gas fees on BNB Chain and also for validator staking, among other purposes. Its use cases are directly tied to on-chain activity.
Trading and calling contracts on BNB Chain incurs fees settled in $BNB .
Don't put all your funds into a single project.
#BNB