About Binance Coin (BNB) Coin

Introduction to Binance Coin Binance Coin (BNB) is a digital asset created by Binance, the world's largest cryptocurrency exchange. It was launched in July 2017 and initially built as an ERC-20 token on the Ethereum blockchain, with the primary purpose of providing users with discounted trading fees on the Binance exchange. However, in April 2019, Binance announced that BNB would migrate from the Ethereum blockchain to its own blockchain, the Binance Chain. With the migration, Binance Coin also gained its own smart contract functionality, allowing developers to build decentralized applications (dApps) on top of the Binance Chain using BNB. Binance Coin's Technical Features Binance Coin has several technical features that make it a popular and versatile cryptocurrency: Decentralization Binance Coin is built on the Binance Chain, which is a decentralized blockchain, meaning that no single entity controls it. Scarcity There are only 170 million Binance Coins in existence, and no m...