What is BNB Chain (Binance Smart Chain)? Learn about the BNB Chain ecosystem, its development history, how it works and the important components in the BNB Chain ecosystem.
Build N Build Chain or BNB Chain is one of the most popular blockchains in the world, founded by cryptocurrency exchange Binance in 2019. However, since then BNB Chain has become a project community-oriented. Binance claims that they are one of the contributing organizations operating in the BNB Chain ecosystem.
The name “BNB Chain” stands for Build N Build Chain and emphasizes continuous community-led development. According to DefiLlama, it is the third largest Layer 1 ecosystem after Ethereum in terms of decentralized transaction volume and third in terms of daily active users.
BNB Chain consists of five different blockchain networks that serve a variety of purposes, including:
BNB Beacon Chain – BNB Beacon Chain is the staking and governance layer of the BNB ecosystem.
BNB Smart Chain (BSC) – An EVM compatible blockchain bringing programmability and interoperability to the BNB ecosystem.
zkBNB – Infrastructure built on zk-Rollup architecture for developers, helping them build large-scale BSC-based applications with higher throughput and much lower transaction fees or even equal to 0.
opBNB – Layer 2 scaling solution for BNB Smart Chain (BSC) powered by the platform version of Optimism opStack.
BNB Greenfield – The network provides a completely new economic and structural model for data in the Web3 era. BNB Greenfield offers ownership
