BNB
BNBRank #4Data provided by CoinGecko
Performance
About BNB
BNB is the native coin of the BNB Smart Chain blockchain and the token of the BNB Chain ecosystem. The token pays the gas that transactions need and the fees for deploying smart contracts on the network, and it gives users tiered discounts on fees when they trade on the Binance exchange.
Holders can stake or delegate their BNB to validators and cast votes on technical upgrades and economic changes. BNB Chain is a network made up of several chains that supports a platform for smart contracts, which are programs that run on a blockchain, a second layer that adds transaction capacity, and a network for storing data.
- Launched
- Jul 8, 2017
- Consensus
- Proof of Staked Authority
- Created by
- Binance
- Block time
- ~3 seconds
- Category
- Layer 1
- Max supply
- 200M BNB
BNB news
All newsBNB FAQ
BNB first existed as a token on the Ethereum network, then moved to its own architecture that stays compatible with the Ethereum Virtual Machine, according to its developers.
