From today, Binance Chain and Binance Smart Chain (BSC) will become BNB Chain. This transition further highlights BSC’s close relationship with the BNB token and the BNB ecosystem.
Following in the footsteps of many community-backed projects, BNB has been on its own growth journey towards greater innovation and decentralization, and BNB has surpassed Binance in terms of use cases.
BNB, short for “Build and Build” (formerly known as Binance Coin), is a blockchain gas token – “powering” transactions on the BNB Chain.
BNB chain includes:
BNB Beacon Chain (formerly Binance Chain) – BNB chain governance (staking, voting)
BNB Smart Chain (BSC) (formerly Binance Smart Chain) – Compatible with EVMs, consensus layers, and multi-chain hubs.
This rebranding event also brings more progress to help users, projects, and developers stay connected to the BNB Chain community. BNB Chain will cover large-scale applications, including GameFi, SocialFi, and Metaverse.Special:
Scaling from single-chain to multi-chain
Increase throughput of BSC
Introducing chain governance mechanism
Improved scaling solutions and expanded BSC’s validator set from 21 to 41 (with 20 validators acting as candidate block producers)
BNB Chain remains a community-based, open-source and decentralized ecosystem. Through the MetaFi concept, the BNB Chain community will aim to build the infrastructure that powers a virtual economy parallel to the real world.
