What blockchain is Binance?

With the launch of the Binance Chain, Binance Coin transitioned from being an ERC-20 token to becoming the native currency of this new blockchain. This transition not only enhanced the coin's functionality but also underscored Binance's commitment to fostering a robust, decentralized financial system.

BTCC, another prominent player in the cryptocurrency space, offers a comprehensive suite of services tailored to meet the diverse needs of crypto enthusiasts. Among its offerings are spot trading, which allows users to buy and sell cryptocurrencies at current market prices, and futures trading, enabling traders to speculate on future price movements.

Binance Coin, a pioneering digital asset, made its debut in July 2017, marking a significant milestone in the cryptocurrency landscape. Initially, it Leveraged the robust Ethereum blockchain infrastructure, adopting the ERC-20 token standard for seamless integration and interoperability.

This strategic move allowed Binance Coin to tap into the vast ecosystem of Ethereum-based decentralized applications and services, fostering a vibrant community of users and developers. The ERC-20 compatibility ensured that Binance Coin could be easily traded, stored, and utilized across various platforms.

As Binance, the leading cryptocurrency exchange, continued to expand its operations and innovate, the need for a dedicated blockchain arose. This led to the development of the Binance Chain, a high-performance, scalable blockchain specifically designed to support the Binance ecosystem.