Binance Smart Chain (BSC) Announced Binance Chain And Binance Smart Chain Will Be Merging Under New Moniker, BNB Chain
Binance Smart Chain (BSC), a decentralized blockchain ecosystem, has announced that the Binance Chain and Binance Smart Chain will now be merging under a new moniker, BNB Chain. This is being done to represent their continuing relationship with the ecosystem&39s native asset, Binance Coin (BNB).
As per the latest reports, BNB is now an abbreviation for Build and Build, rather than Binance Coin. The BNB Chain, powered by BNB, shall hence deliver enhanced capabilities while focusing on the development of Web 3.0 infrastructure.
Moreover, the Binance Chain, where staking and voting takes place, has been renamed BNB Beacon Chain under the newly named BNB Chain umbrella. Elsewhere, the EVM (Ethereum Virtual Machine)-compatible, multichain-supporting Binance Smart Chain will now simply be known as BNB Smart Chain, and it is still abbreviated as BSC.
As such, the BNB Chain will consolidate all of its Web 3.0 work under the banner of MetaFi, which will bring together metaverse developers and projects alongside SocialFi and GameFi. The BNB Chain shall therefore include large-scale applications and development tools, as well as an expansion of the validator set from 21 to 41 validators, with a strong emphasis on scalability.
Top News
30 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
31 months ago
32 months ago
32 months ago
32 months ago
32 months ago
32 months ago
32 months ago
32 months ago
32 months ago
32 months ago
33 months ago
33 months ago
33 months ago
More From The News
Press Releases
Payments
New Payment Limit For Crypto Wallets Scrapped
The recent Anti-Money Laundering re... Read more
Bitcoin
Bitcoin Undergoes Price Correction As International Economies
A significant portion of the crypto... Read more
Join Our Newsletter
Get the latest trends and updates on our crypto community.