What is ETH & Binance coin (BNB)?

What ETH is to Ethereum, Binance Coin (BNB) is to Binance Smart Chain. Holders can use the asset to pay transaction and trading fees on the Binance exchange itself, including the Binance decentralized exchange (DEX).

How are BSc tokens different from other coins?

BSC tokens differ from other coins like BTC or ETH in the same manner as any tokens differ from main net coins. BSC tokens run on the BSC blockchain and they all have the same address. A single address may have dozens of different tokens on it. In comparison, BTC has its own blockchain and each address can only hold BTC.

Is BSc cross-chain compatible with Binance?

As Mentioned, BSC And BSC Are Designed To Work In Sync, And Binance Has Built-in Cross-chain Compatibility Between Them. Assets Can Be Moved Quickly Between Blockchains, Thus Combining The Quick Transaction Capabilities Of The Former With The Smart Contract Functionality Of The Latter.

What is BSc cryptocurrency?

The native BSC cryptocurrency launched during the ICO conducted in July 2017 as an ERC-20 token, less than two weeks before Binance launched. Initially, one could get 2,700 BNB for a single ETH or 20,000 BNB for a single BTC. In a year-to-date (YTD) period since then, BNB outperformed bitcoin by 825% and ethereum by 572%.