How does Binance Coin differ from other digital currencies?

1 answers

• Dec 17, 2021 · 3 years ago
  Binance Coin (BNB) stands out from other digital currencies due to its strong ties to the Binance exchange. BNB was initially created as an ERC-20 token on the Ethereum blockchain, but it has since migrated to its own blockchain called Binance Chain. This migration allows BNB to have faster transaction speeds and lower fees compared to many other digital currencies. It also enables BNB to be used in decentralized applications (dApps) built on the Binance Chain. Furthermore, BNB has a track record of consistent growth and adoption. It has been widely accepted as a form of payment by various merchants and businesses, further distinguishing it from other digital currencies.
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