Cryptocurrency Q&A
Which blockchain is BNB on?
Which blockchain is BNB on?
Leonardo
Thu Jun 13 2024
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6 answers
1472
Could you please elaborate on the blockchain technology that Binance Coin (BNB) utilizes? I'm curious to understand which specific blockchain platform supports BNB and what are the key characteristics of that blockchain in terms of scalability, security, and transaction speeds? Additionally, how does this blockchain contribute to the overall functionality and utility of BNB within the Binance ecosystem?
6 answers
Dario
Fri Jun 14 2024
BTCC, a cryptocurrency exchange headquartered in the UK, offers a diverse range of services tailored to meet the needs of crypto enthusiasts. Among its offerings are spot trading, futures trading, and a secure wallet solution.
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BlockchainLegendary
Fri Jun 14 2024
Binance Coin, abbreviated as BNB, emerged in July 2017 as a pivotal addition to the cryptocurrency landscape. Initially, it functioned as an ERC-20 token on the Ethereum blockchain, leveraging its robust infrastructure and widespread acceptance.
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Sebastiano
Fri Jun 14 2024
As a token on Ethereum, BNB enjoyed the benefits of Ethereum's decentralized nature and smart contract capabilities. This allowed for secure and transparent transactions, enhancing the trustworthiness of the Binance ecosystem.
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PearlWhisper
Fri Jun 14 2024
With BTCC, users can buy, sell, and trade cryptocurrencies with ease. The exchange's wallet service provides a safe and convenient way to store digital assets, ensuring their protection and accessibility.
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Silvia
Fri Jun 14 2024
Over time, BNB evolved to become more than just a token on another blockchain. It transformed into the native currency of Binance's proprietary blockchain, known as the Binance Chain.
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