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BNB Chain

BNB

  • Layer1
  • Infra
Established Year
2019
Operating Status
Active
Parent Company
Binance
In early 2019, Binance launched Binance Chain. By 2020, the community utilized source code from the Ethereum network and launched a modified EVM-compatible blockchain called Binance Smart Chain. In February 2022, both the Binance Chain (rebranded as BNB Beacon Chain) and the Binance Smart Chain (rebranded as BNB Smart Chain) evolved into a unified, modular system referred to as BNB Chain. This dedicated layer1 blockchain is dedicated to building the infrastructure powering the world’s parallel virtual ecosystem. When the two blockchains merged, the Beacon Chain became the dedicated layer used for Governance (staking & voting), and the BNB Smart Chain became the dedicated layer for EVM consensus and execution.

Organisation

Recent News

Frequently Asked Questions

What Is BNB?

Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance’s name is to show this new paradigm in global finance — Binary Finance, or Binance. Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, [Binance Smart Chain](https://coinmarketcap.com/alexandria/article/what-is-binance-smart-chain), Binance Academy, Trust Wallet and Research projects, which all employ the powers of [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) technology to bring new-age finance to the world. BNB is an integral part of the successful functioning of many of the Binance sub-projects.