【One-Minute Explainer】What is BNB Chain?
BSC launched its mainnet in September 2020, originally under the name Binance Smart Chain. It was renamed BNB Smart Chain in 2022.
BNB is both a gas token on BNB Chain and is used for purposes such as validator staking. Its use cases are closely tied to on-chain activity.
Transfers and contract calls on BNB Chain require fees, paid in $BNB .
It’s best to only put in funds you can afford to lose.
BSC launched its mainnet in September 2020, originally under the name Binance Smart Chain. It was renamed BNB Smart Chain in 2022.
BNB is both a gas token on BNB Chain and is used for purposes such as validator staking. Its use cases are closely tied to on-chain activity.
Transfers and contract calls on BNB Chain require fees, paid in $BNB .
It’s best to only put in funds you can afford to lose.