#bitcoin #e
Binance Coin (BNB) is a cryptocurrency issued by the Binance exchange, one of the largest and most popular exchanges in the world. Below are some important events in the history of the BNB coin:
Launch Date (July 25, 2017):
BNB was issued in an Initial Coin Offering (ICO) by Binance, where investors could purchase BNB using Bitcoin or Ethereum. Initially, BNB was issued on the ERC-20 standard, based on the Ethereum blockchain.
Migrate to Private Blockchain (April 18, 2019):
Binance made a major migration, moving BNB from the Ethereum blockchain to Binance's own blockchain, called Binance Chain. This transition is part of the expansion and growth of the Binance ecosystem.
Binance Launchpad and ICOs (2017 - 2019):
BNB has become the preferred payment method for Initial Coin Offerings (ICOs) on Binance Launchpad, where new projects can attract capital from the BNB-using community. This has created growth and stability in the value of BNB.
Binance Smart Chain (BSC) (September 2020):
Binance introduces Binance Smart Chain, a blockchain parallel to Binance Chain but with additional support for smart contract features. BSC has enhanced Binance's transaction processing and growth capabilities, as well as increased the value of BNB.
Significant Growth (2021):
In 2021, BNB prices skyrocketed to new highs, partly due to the growth of Binance Smart Chain, the popularity of BNB in projects and applications on BSC.
Ecosystem Development (To date):
BNB has become an important part of the Binance ecosystem, from paying trading fees on the exchange to participating in many projects and applications on Binance Smart Chain.