Cryptocurrency Q&A
What is the difference between BNB and BNB smart chain?
What is the difference between BNB and BNB smart chain?
IncheonBeauty
Tue Jul 02 2024
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7 answers
1505
Could you elaborate on the distinction between BNB and the BNB Smart Chain? I've heard both terms being used in the cryptocurrency space, but I'm not entirely clear on the specifics. Is BNB simply a digital token, or does it serve a more functional purpose? And what about the BNB Smart Chain? Does it operate independently from the Binance ecosystem, or is it tightly integrated? Could you provide a concise yet comprehensive explanation of the differences and how they fit into the broader cryptocurrency landscape?
7 answers
MysticStar
Thu Jul 04 2024
The Binance Chain, once a pivotal hub for staking and voting activities under the moniker of BNB Chain Governance, has undergone a significant transformation.
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GeishaGrace
Thu Jul 04 2024
As part of the rebranding initiative, it has been redesignated as the BNB Beacon Chain, representing a fresh identity under the umbrella of the rebranded BNB Chain.
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DigitalDynasty
Thu Jul 04 2024
The evolution reflects Binance's ongoing efforts to streamline and optimize its blockchain offerings.
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GliderPulse
Thu Jul 04 2024
In parallel, the Binance Smart Chain, which boasts compatibility with the EVM and supports numerous blockchains, has retained its core identity.
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InfinityVoyager
Wed Jul 03 2024
It is now simply referred to as BNB Smart Chain, maintaining the familiar abbreviation of BSC.
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