Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Binance Smart Chain + Ecosystem => Topic started by: cryptoworld1 on September 06, 2023, 08:49:37 AM
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BNB Smart Chain supports EVM-compatible smart contracts and protocols, facilitating cross-chain transfers and other communications. The native token, BNB, is used for smart contract execution and staking. There is no inflation of the BNB token, which means that validators do not earn a block reward.
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Binance Smart Chain (BSC) is the same as Ethereum because its principle also carries the theme of EVM (Ethereum Virtual Machine).
In various forums for EVM (Ethereum Virtual Machine) it is widely used by the community, including large investors, such as the successful projects Arbitrum and Optimism.
Binance Smart Chain (BSC) will definitely continue to move quickly until this cryptocurrency is known to the wider community because the Marketcap of Binance Smart Chain (BSC) is very large and is in the top 4 Coinmarketcaps.
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Just to remind you, BNB is currently not providing any extraordinary events because I saw that on Binance Exchange there is only 1 Launchpad, namely Slepless AI.
The Slepless AI Token also doesn't have very strong FOMO and I also see that trading in the Slepless AI Token is still weak, very different from Launchpad during the Bull Run.
For the FOMO, it's just a matter of time because I'm sure this BNB coin will rise again looking for the latest All Time High because every Quarter of this BNB coin is burned, almost every Quarter this BNB burns up to 2,000,000 coins.
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almost every Quarter this BNB burns up to 2,000,000 coins.
It is also said that the burning method can increase the price of BNB very slowly because the supply of coins is getting smaller.
But if you look at the first time the BNB coin was created, it was 200,000,000 and now the supply has decreased to 151,689,473 BNB.
The more it continues to be burned, the more the supply of BN coins decreases and the more expensive the BNB coins traded on the market become.
But I also read several articles and information that BNB was burned up to a supply of 100,000,000 and after that there was no more burning of coins and the supply was stuck at 100,000,000 BNB.
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For the FOMO, it's just a matter of time because I'm sure this BNB coin will rise again looking for the latest All Time High because every Quarter of this BNB coin is burned, almost every Quarter this BNB burns up to 2,000,000 coins.
the same belief, because the activities carried out by the BNB coin to reduce supply by burning continue to be carried out actively. The last period was Quarter 26, with a total of 2,141,487. So it is natural that BNB will be able to reach a renewable ATH like 2021, which was quite a surprise by increasing significantly from the beginning of the year when the price of $37 shot up in May to $686.Will 2025 be several times as big as 2021? Of course, we will wait for that.
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There is no inflation of the BNB token, which means that validators do not earn a block reward.
Validators' income comes not only from block rewards, but also from transaction fees. Part of the transaction fee will be transferred to the BNB Chain protocol, the remaining part belongs to validators. As we can see: validators still exist very well only on transaction fee income, showing the excitement of the BNB chain ecosystem.
P/s: Binance Smart Chain + Binance Chain = BNB chain.
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As of my last update, there hasn't been any information about a new BNB smart chain. However, it's possible that there have been developments since then. I recommend checking the latest news from Binance or reputable cryptocurrency news sources for any updates on new BNB smart chain initiatives.
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I just checked on Coinmarketcap about BNB and it turns out that BNB is in the high ranking which has a lot of funds in circulation.
BNB is also owned by the well-known exchange, namely Binance, and this BNB token is often used for launchpad and launchpool on Binance exchange.
For me, BNB is a pretty good coin to hold in the long term, and I briefly read that there is a coin burning section but I don't understand what burning is.
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there is no update about the bnb chain or anything, a little confusing, I tried to find the latest info from bnb all I got the latest info was only news that their CEO was changing, nothing more
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there is no update about the bnb chain or anything, a little confusing, I tried to find the latest info from bnb all I got the latest info was only news that their CEO was changing, nothing more
It seems there are no plans to change any network on BSC, They are still developing BNB and more and more new projects are being created from the Binance Smart Chain network, BNB and BSC are one very big platform so I think there are no updates about the new chain.