#BinanceBlockchainWeek $BNB La "Binance blockchain" refers to the ecosystem of BNB Chain, a blockchain network that was initiated by the cryptocurrency exchange platform Binance, but now operates as a decentralized ecosystem driven by the community. Its native token is BNB, which stands for "Build and Build."
Main Components of BNB Chain
The BNB Chain ecosystem is primarily composed of:
BNB Smart Chain (BSC): It is the main chain compatible with the Ethereum Virtual Machine (EVM), allowing developers to create and deploy decentralized applications (dApps) and smart contracts using familiar Ethereum tools. It is characterized by low fees and high transaction speed (block times of approximately 3 seconds).
BNB Beacon Chain (BC): Previously known as Binance Chain, it focused on governance (staking and voting). It was announced that this chain would be gradually discontinued (merged) in June 2024, migrating its functions to the Smart Chain to simplify the ecosystem.
Other Solutions: The ecosystem also includes layer 2 scalability solutions such as ZkBNB (which uses zkRollup technology to batch off-chain transactions) and BNB Greenfield (a decentralized network for data storage).
