BNB Chain

The BNB Chain, formerly known as Binance Smart Chain (BSC), is a blockchain platform introduced by the cryptocurrency exchange Binance. Its native token, BNB, serves various roles within the ecosystem. BNB acts as the network's transaction fuel, similar to gas on Ethereum, and grants users governance rights to participate in on-chain decision-making. In September 2020, Binance introduced the BNB Smart Chain alongside the BNB Beacon Chain, extending BNB's functionality. The BNB Smart Chain supports smart contracts and staking, offering an Ethereum Virtual Machine (EVM)-compatible infrastructure. This dual-chain design aims to provide a high-performance, cost-effective environment for the blockchain community, ensuring compatibility with existing Ethereum tools and dApps while improving scalability and user experience.

Token symbol:
BNB

Metrics Overview:
BNB Chain TPS is 53.79 transactions per second
BNB Chain Max TPS is 1,731 transactions per second
BNB Chain Max Theoretical TPS is 2,222 transactions per second
BNB Chain block time is 3s
BNB Chain time to finality is 7.5s
BNB Chain is a Layer 1 blockchain
BNB Chain governance model is on-chain
BNB Chain was launched on Sep 1, 2020 (4 years ago)