The technical features of BNB (Binance Coin) mainly include the following points:
BNB Chain Ecosystem: BNB is the cryptocurrency of the entire BNB Chain ecosystem. Not only can it be traded like any other cryptocurrency, but it is also very extensive in terms of application scenarios and use cases1.
* Binance China Registration Page:
https://www.suitechsui.guru/join?ref=OFU67AVX
* Binance International Registration Page:
https://www.binance.com/join?ref=OFU67AVX
Proof of Stake (PoSA): BNB Chain adopts the Proof of Staked Authority (PoSA) consensus mechanism, which is a combination of the Proof of Stake (PoS) and Proof of Authority (PoA) models. Users need to stake at least 10,000 BNB to qualify as a validator, and users who do not reach this threshold can delegate their shares to the selected validator2.
Smart Contract Functionality: BNB Smart Chain (BSC) brings smart contract functionality to the BNB chain, enabling two parties to autonomously execute agreements through pre-defined conditions without the need for middlemen2.
Decentralized Applications (dApps): The advent of smart contracts has facilitated the development of dApps, which are similar to traditional applications but run on the peer-to-peer framework of the BNB chain, are decentralized and have multiple functions2.
NFT Field: The BNB chain has also entered the field of non-fungible tokens (NFTs), allowing users to make, accumulate and trade these unique tokens2.
Tokenization Standards: The native token on the BNB chain is designated as the BEP-2 token, a standardized protocol that ensures harmonious interaction between all tokens within the BNB chain ecosystem2.
