What is BNB?

_{What is BNB?}

BNB was launched through its first coin offering in 2017 (11 days before cryptocurrency exchange Binance went online).
Originally issued as an ERC-20 token running on the Ethereum network, with a combined supply of $200 million and 100 million BNB offered in the ICO.
By BNB, it can be used as a payment method. Utility tokens to pay exchange fees on Binance.
And for participating in the sale of tokens on Binance Launchpad
BNB also powers Binance DEX (decentralized exchange)

_{Blockchain nativo:}

Initially, BNB was created as an ERC-20 token on the Ethereum blockchain. Later in April 2019.
Binance has moved BNB to its own native blockchain called Binance Chain and Binance Smart Chain (BSC).
Currently, the two are parallel chains that work together to facilitate the operation of smart contracts.
and decentralized applications (DApps)

_{Protokola Konsensus:}

Binance Chain Uses Tendermint Consensus That Works on Byzantine Fault Tolerance (BFT)
While Binance Smart Chain uses dual-chain architecture in conjunction with the Ethereum Virtual Machine (EVM)
Collaborating with Proof of Staked Authority (PoSA)

_{Trilemma (Security, Speed, Scalability):}

Seguridad: Both Binance Chain and Binance Smart Chain focus on consensus security
To ensure that potentially dangerous actions can be monitored and prevented

snelheid: Transactions on Binance Chain are fast. Transactions can usually be confirmed within seconds.
Binance Smart Chain also has relatively fast block times

Scalabilità: Binance Chain is designed for easy access transfers
While Binance Smart Chain has to cope with more complex tasks with dApps
and maintain an efficient environment even under heavy workload

_{Founder/Date Founded:}

Binance Coin is the creation of Binance, one of the largest cryptocurrency exchanges in the world.
Founded by Changpeng Zhao (often referred to as “CZ”)
Binance launched in July 2017 with BNB as its native token.

_{Objective/Use Case:}

Initially, BNB is used to pay trading fees on the Binance platform, giving users discounts.
Over time, it began to be used more and more. It is now being used to trade tokens on Binance Launchpad.
It is a token used for transactions on Binance Chain and for various operations on Binance Smart Chain.

_{Total supply/Limit or Unlimited:}

BNB's initial total is $200 million, with plans to “burn” BNB coins.
Periodically, to gradually reduce the total volume.
Their goal is to reduce the total amount to 100 million BNB in the end.

_{Supply Deflation:}

To achieve such volume reductions, Binance continues to burn BNB coins every quarter.
The number of coins burned will depend on the trading volume on the exchange market in the previous quarter.
This process will continue until the total amount of coins is left in one hundred million BNB.

This summary helps beginners understand the fundamentals of Dogecoin and its distinctive features within the realm of digital assets.
Because digital assets are developing rapidly
It is therefore essential to keep abreast of the news regarding the development and updating of digital assets.

_Source:‍

BNB Smart Chain‍
‍BNB Whitepaper
‍‍Coinmarketcap

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