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

Scalability Metrics:
BNB Chain TPS is 153.3 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 transaction volume is 551,986 transactions
BNB Chain block time is 0.75s
BNB Chain finality is 2s
BNB Chain is a layer 1 blockchain
BNB Chain was launched on Sep 1, 2020 (5 years ago)

Decentralization Metrics:
BNB Chain nakamoto coefficient is 7
BNB Chain has 45 validators
BNB Chain stake is 27.77M BNB
BNB Chain consensus mechanism is Proof of Staked Authority
BNB Chain governance is on-chain