@GEMING RAVIYA SL
How Does Binance Coin Work?
As we just explained Binance Coin is pretty much a typical cryptocurrency, despite being directly linked to a major crypto exchange platform. Being a typical crypto means that Binance Coin is a decentralized, digital currency that exists using blockchain technology. Originally, Binance Coin used the Ethereum blockchain network. It now uses the Binance chain blockchain, which is Binance’s own dedicated blockchain.
The managers of Binance Coin maintain the coin’s value by using 20% of their profits every quarter to “burn” (i.e. to permanently pull out of circulation) unsold Binance Coin.