BNB Chain
BNB Chain, Binance Chain and Binance Smart Chain (BSC), highlights BSC’s connection with the BNB token and BNB ecosystem.
Following in the footsteps of many other community-supported projects, BNB has been on its own evolutionary journey towards greater innovation and decentralization, and BNB has transcended Binance in terms of its use cases.
BNB, which stands for “Build and Build” (formerly called Binance Coin), is the blockchain gas token that “fuels” transactions on BNB Chain.
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 Chain remains a community-driven, open-sourced and decentralized ecosystem. Through the concept of MetaFi (“Meta” for metadata, and “Fi” for DeFi), the BNB Chain community will aim to build the infrastructure that powers the world’s parallel virtual economy.