What is Binance Smart Chain: Binance Coin BNB
What is Binance Smart Chain? The Binance Smart Chain or BNB Coin is the native token of the massive Binance ecosystem – which comprises of the Binance Centralized Exchange or CEX, a Decentralized Exchange or DEX, Binance chain, Binance Smart chain and a host of financial services such as crypto loans, liquidity pool mining, and more. So if this sounds like a lot, don’t worry, we’re gonna break it all down over the next few minutes. Let’s lift the curtains for a peek. Binance was launched in July 2017 by Chang Peng Zhao, otherwise known as CZ, who has previous experience developing the Tokyo Stock Exchange, Blockchain.info and serving as the Chief Technology Officer of OKCoin. In April 2019, Binance decided to launch its own blockchain, the Binance Chain, with the goal of enabling fast and decentralized, or permissionless, trading. The Binance DEX was also born and is the Binance Chain’s largest decentralized application or DApp to date. But, despite the Binance Chain being built for sp...