BSC (Binance Smart Chain) announces its name change to BNB Chain

According to Binance’s official blog, BSC (Binance Smart Chain) will be renamed BNB Chain. The rebranding aims to highlight its connection to BNB and the decentralized evolution of the BNB ecosystem, and to show how BNB surpasses the Binance ecosystem in terms of its use cases. What remains unchanged is that BNB Chain is still a community-driven, open-source and decentralized ecosystem. BNB Chain aims to become the infrastructure provider of the virtual world economic system by developing the MetaFi concept. BNBChain aims to become the infrastructure provider of the virtual world economic system by developing the MetaFi concept. BNB Chain includes BNB Beacon Chain (formerly Binance Chain) and BNB Smart Chain (formerly Binance Smart Chain). BNB stands for “Build and Build”, which is the gas and on-chain governance token on the BNB chain. Samy Karim, BNBChain Ecosystem Coordinator, said, “BNB Chain will support large-scale applications including GameFi, SocialFi, and Metaverse. From single-chain to multi-chain, BNB Chain improves scaling solutions and integrates the verification nodes of the original BSC. Expanded from 21 to 41.”

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