Is Binance smart chain rebranded as BNB chain?

Update: Binance Smart Chain has rebranded as BNB Chain as of Feb. 15, 2022. Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications.

What is BNB smart chain (BSc)?

BNB Smart Chain (BSC) has been booming with activity. Ranging from token swaps to decentralized money markets and cute NFTs, there are many options to earn yield or simply to have fun. But what do you need to get started, and how do you do it? We’ll go through it all in this article.

What makes the BNB chain unique?

Part of what makes the BNB Chain unique is its dual blockchain structure made up of the Beacon Chain (Formerly Binance Chain) and the BNB Smart Chain (Formerly Binance Smart Chain). Both blockchains run parallel to each other, with each offering different features and functionalities.

Is BNB smart chain a good EVM-compatible network?

Since its release, BNB Smart Chain has grown to become one of the most heavily-used EVM-compatible networks; its active address count and daily transactions far exceed Ethereum mainnet. Cheaper transactions have proven a huge draw for newcomers to Web3, and BSC has absorbed much of this demand since its launch.