What Is BNB Smart Chain?

BNB Smart Chain is an EVM-Compatible blockchain from the Binance cryptocurrency exchange. It is called as BNB Chain, though these two are separate.

BNB Smart Chain is a direct fork of Ethereum.

BNB Smart Chain offers good interaction with the Binance cryptocurrency exchange (CEX), making it attractive for the users of this exchange. As of the writing of this, Binance has a 70% market share of the cryptocurrency trading volume, making it very dominant in the blockchain industry.

BNB Smart Chain is based on centralised, proof-of-authority. model. BNB Chain was recently halted in a hack. It uses BNB token as its native token.

The dominating decentralised exchange on BNB Chain is PancakeSwap.

See also

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