Cryptocurrency Q&A
What network is BNB on?
What network is BNB on?
amelia_martinez_engineer
Tue Jan 07 2025
|
6 answers
1201
I'm trying to find out which network BNB, or Binance Coin, operates on. I'm aware that it's related to the Binance exchange, but I need to know the specific network details.
6 answers
Martina
Thu Jan 09 2025
BSC operates in tandem with the BNB Chain, which was formerly known as Binance Chain. Both networks complement each other, providing a comprehensive suite of services for the cryptocurrency community.
Was this helpful?
245
97
IncheonBeauty
Thu Jan 09 2025
BNB Smart Chain (BSC), previously known as Binance Smart Chain, is a blockchain network introduced by the renowned cryptocurrency exchange Binance.
Was this helpful?
135
86
Martina
Thu Jan 09 2025
This network is designed to support smart contracts, which are automated contracts with the terms of the agreement between buyer and seller being directly written into lines of code.
Was this helpful?
134
62
SamuraiWarriorSoulful
Thu Jan 09 2025
In addition to smart contracts, BSC also facilitates the development and deployment of decentralized applications (DApps), which operate on a peer-to-peer network rather than relying on a central server.
Was this helpful?
237
61
Bianca
Wed Jan 08 2025
The integration of BSC and BNB Chain allows for seamless interoperability between the two networks, enabling users to enjoy the benefits of both decentralized finance (DeFi) and centralized exchange (CEX) functionalities.
Was this helpful?
330
30
Load 5 more related questions
