Cryptocurrency Q&A
Are BNB and Binance Smart Chain the same?
Are BNB and Binance Smart Chain the same?
CryptoConqueror
Mon Feb 17 2025
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8
answers
2166
BNB and Binance Smart Chain are not the same. BNB is the native token of Binance Smart Chain, used for paying transaction fees and participating in community governance, while Binance Smart Chain is a blockchain platform developed by Binance, aiming to provide a high-performance and low-cost smart contract environment.
8 answers
Lorenzo
Wed Feb 19 2025
One of its key features was support for smart contracts and decentralized applications.
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SeoulSerenitySeeker
Wed Feb 19 2025
It migrated to Binance's proprietary blockchain, Binance Chain.
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CherryBlossomFall
Wed Feb 19 2025
As a result, BNB emerged as the primary token of this new blockchain ecosystem.
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Dario
Wed Feb 19 2025
A year later, Binance expanded its offerings with the launch of Binance Smart Chain (BSC).
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BlockchainMastermind
Wed Feb 19 2025
BSC was designed to be a faster and more cost-effective blockchain compared to its predecessor.
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