Binance Coin (BNB)
Binance Coin (BNB) is a cryptocurrency created by the Binance exchange. It is used to pay for fees on the exchange, such as trading fees, listing fees, and withdrawal fees. BNB can also be used to purchase certain products and services on the Binance platform. BNB is an ERC-20 token built on the Ethereum blockchain.
History of Binance Coin
Binance Coin was created in 2017 by the Binance exchange. It was initially an ERC-20 token built on the Ethereum blockchain. In 2019, Binance launched its own blockchain, Binance Chain, and BNB was migrated to the new blockchain. BNB is now the native token of the Binance Chain.
Binance Coin has become one of the most popular cryptocurrencies in the world. It is currently the third-largest cryptocurrency by market capitalization, behind Bitcoin and Ethereum. BNB has been used to purchase a variety of products and services on the Binance platform, including trading fees, listing fees, and withdrawal fees.
Comparison Table
| Coin | Market Cap | Price |
|---|---|---|
| Bitcoin | $1.1 Trillion | $56,000 |
| Ethereum | $200 Billion | $2,000 |
| Binance Coin | $60 Billion | $400 |
Summary
Binance Coin (BNB) is a cryptocurrency created by the Binance exchange. It is used to pay for fees on the exchange, such as trading fees, listing fees, and withdrawal fees. BNB can also be used to purchase certain products and services on the Binance platform. BNB is an ERC-20 token built on the Ethereum blockchain and is now the native token of the Binance Chain. BNB has become one of the most popular cryptocurrencies in the world and is currently the third-largest cryptocurrency by market capitalization. For more information about Binance Coin, visit the Binance website or read the Binance whitepaper.
See Also
- Bitcoin
- Ethereum
- Cryptocurrency
- Blockchain
- Binance Exchange
- ERC-20 Token
- Binance Chain
- Market Capitalization
- Whitepaper
- Trading Fees
