How Does Binance Coin Work?
Like other digital assets
available on the market, the
value of BNB changes as
people use and trade it.
BNB can be kept in suitable
wallets purchased from
cryptocurrency exchanges
and delivered straight to
others for payment or other
uses. But there is a whole
working initiative behind this
process.
Binance's layer-1 blockchain
is merged to form the BNB
Chain, previously the Binance
Smart Chain and the Binance
Chain.
Binance designed the
blockchain for best
performance when it comes
to trading on-chain when
building the BNB chain, and
Binance DEX, Binance's
decentralized exchange
(DEX), is based on this newly
developed chain.
Furthermore, BNB chain
transactions are powered by
the BNB gas token, which
stands for "Build and
Build" (previously known as
Binance Coin).
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