BNB (Binance Coin)

BNB started as a discount token for Binance trading fees. Now it powers BNB Chain, pays for gas, unlocks token launches, and even gets burned regularly to reduce supply. It’s the glue for Binance’s entire ecosystem, and if you’re doing anything on BNB Chain, you’re using BNB whether you planned to or not.

Related Terms

Blockchain

A Blockchain is a decentralized digital ledger that records transactions transparently and securely across a network of computers.

Bitcoin (BTC)

Bitcoin is the first decentralized digital currency. This pioneering cryptocurrency, launched in 2009 by the enigmatic Satoshi Nakamoto.

Block

A Block can be defined as a batch of transactions that gets added to the blockchain...