An abbreviation of “Build ‘N Build”, BNB Chain was developed as an evolution of the Binance Smart Chain when it merged with the Binance Chain. A layer-1 blockchain, BNB Chain is a community of crypto and NFT engineers and plans to build on the decentralising efforts of Blockchain.
Aiming to be “bigger than Binance”, BNB Chain is also EVM (Ethereum Virtual Machine) compatible and has a multichain function. Alongside this, it assists users with a higher capacity and lower latency asset management platform and has been used for hundreds of billions of transactions since its founding in 2017.
Despite a challenging 2022 - when a $570M hack exposed cross-chain vulnerabilities - BNB Chain has since reinforced its infrastructure and rebuilt trust. In the years since, it has remained one of the most widely used layer-1 blockchains by users and transactions, particularly across DeFi and NFTs. While scrutiny around security and decentralisation persists, its scale, developer ecosystem, and consistent usage position it as a major player int he blockchain space.
Kirsty
Company Specialist at Welcome to the Jungle