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%.

What is BSC & BSC-BC?

Naturally, there are two communication channels: BC-BSC and BSC-BC. The first one, BC to BSC, uses the on-chain light client – a program in the Binance Chain that allows users to connect to a full node of the blockchain. These light clients will be provided by the BSC Smart Contracts.

What are the best cryptocurrency exchanges?

Credible platform – Binance is one of the most popular exchanges, and its credibility is shared across all its platforms, including the BSC. The exchange also plays an important role in the PoSA consensus by vetting all validators on the network, ensuring that the blockchain is secure and reliable.

What is the BSc token & how does it work?

The BSC is powered by the BNB token, the Binance ecosystem’s native crypto asset. However, this cryptocurrency is turned into a BEP-20 token when assets are exchanged through the BSC. Therefore, this price analysis will be focused on how the price of the BNB token has evolved lately.