What is Binance Coin (BNB)?

Binance Coin is the cryptocurrency powering the Binance Smart Chain. It was created as an alternative to Ethereum, while solving some of the problems. Transactions on the Binance blockchain are fast and inexpensive, and – like Ethereum – support digital financial applications. This comes at a trade-off, however: The control over this blockchain is entirely in the hands of the parent company, Binance.
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BNB
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Cryptohunt's Opinion

Our take on Binance Coin

The Binance Smart Chain is compromising decentralization in favor of fast and cheap transactions. Because those have long been an issue with Ethereum for example, it has become one of the most popular alternatives for good reason. But be aware – Binance as an exchange has a lot of skin in the game, and their own interests can always influence how they develop the technology further and who they allow to use it.
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Listen to "What makes the Binance Smart Chain special?"
Learn about the Binance Smart Coin and its interesting history on our podcast · 2 mins
What makes Binance Coin special?
Binance Coin is a on its own, uses to validate transactions, and is. Binance Coin also supports.

Interesting facts about Binance Coin

Here are some facts you may not already know about Binance Coin. Something surprise you? Go ahead, share it!Any fact missing? Contact us.
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The Binance Smart Chain is operated by Binance, which also runs the worlds largest crypto exchange.

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Transactions are validated by just a handful of operators, all of which are chosen by Binance itself.

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Binance Smart Chain is a popular alternative for projects that are trying to avoid high fees and slow transactions on Ethereum.

Binance Coin reviews from the cryptohunt community

Dive deeper into the different opinions about Binance Coin and learn how others feels about it.
Binance Coin
Positive review
Review author avatar
Arndt
2 mo. ago

Purists give the Binance Smart Chain a hard time for not being centralized. But what's so wrong with that, ideology aside? In practice, it makes for a really fast, very inexpensive to use blockchain. Just look at how many projects built on it because of that. But, yes. I am also aware of the downsides that have the potential to affect Binance Coin. Binance is a very large player in crypto and has a lot of interests that may affect what they end up doing with this blockchain.

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Binance Coin price and insights

See how much Binance Coin is worth and learn from other insightful metrics
No value
-0% past 1 week
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Community Reviews
Based on 3 community reviews
0% feel totally fine about Binance Coin today
0% think this is a great investment
0% believe in the potential
0% say the development team is great
0% say the community is great
Market insights
Market capitalization
Very small
24 hour trading volume
Very small
Market cap % of total
Very small
Project health
# Discord members
-
# Telegram members
-
% of total supply circulating
Very small

What’s the community like?

Community matters for projects like Binance Coin, because an active community drives the development of use cases for a blockchain project. The more people are active, the better to have healthy discussions and create something valuable.
# Discord members
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# Active Discord members
-
# Telegram members
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# Active Telegram members
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