$BNB Binance Smart Chain (BSC) is a blockchain platform launched by Binance, a leading cryptocurrency exchange. Designed to be compatible with Ethereum, BSC enables developers to build decentralized applications (dApps) and smart contracts. It offers faster transaction speeds and lower fees compared to Ethereum, making it a popular choice for projects seeking scalability and cost-effectiveness. BSC's native token, BNB, plays a crucial role in the ecosystem, used for transaction fees and governance within the network.