BNB is the native cryptocurrency on Binance’s blockchain, BNB Chain, also known as BSC (Binance Smart Chain). Theoretically BSC is a decentralized blockchain, but in practice it is controlled by a small group of validators over which Binance has enormous influence. Therefore anyone can effectively upload smart contracts to BSC, despite the central role that Binance plays in this ecosystem. Binance Smart Chain and BNB BSC was born as a kind of evolution of Binance Chain, which in turn was launched by Binance in April 2019 and then renamed BNB Beacon Chain in 2022. In fact, BSC, unlike Binance Chain,
As we step deeper into the era of digitalization, blockchain technology has emerged as a significant player in this transformation. Binance Smart Chain (BSC) has played a pivotal role in this shift, and now Avorak AI, a novel AI crypto project, promises to redefine the game. Understanding BNB Smart Chain…
Binance Smart Chain (BSC), commonly known as BNB Chain, has announced the “BEP 336 upgrade”, inspired by Ethereum’s Dencun upgrade (EIP 4844), which aims to optimize data storage and processing on the blockchain. The upgrade is expected to significantly reduce transaction costs, improve network performance, and drive the price of…
Binance Coin (BNB) is showing strong signs of a major rally. The recent drop in fees on the Binance Smart Chain (BSC) has boosted investor confidence and increased network usage. According to CoinMarketCap data, BNB is trading at $634, up 3% in 24 hours. With a bullish pattern forming and…