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Launched by Changpeng Zhao in 2017, BNB transitioned from the Ethereum blockchain to Binance’s own BNB Chain.
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Regular coin burns and expanding real-world applications make BNB a key player in the blockchain world.As of May 2022, BNB’s all-time highest price was $686.31, recorded on May 10, 2021, according to CoinGecko.
clva clever defi in india ✌️【365vc.net】✌️Invest ₹500 in our expert-managed funds and enjoy exponential monthly profits. Join now!The rally was likely to do with the surging popularity ofdecentralized applications(dapps), includingdecentralized finance(DeFi), on the Binance Smart Chain.
clva clever defi in india ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!Binance Smart Chain (later rebranded BNB Chain) is a layer 1 network, meaning other applications can be built on top of it.
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It offers faster transactions and cheaper transaction speeds than Ethereum, but it is more centralized.The success of the BNB Chain contributes to rallies in the price of BNB because the token is needed to pay transaction fees on the chain.
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In addition to its core centralized exchange, Binance has also built adecentralized exchangeon the BNB Chain.BNB spent much of 2021-22 as the third or fourth largest cryptocurrency in the world by market capitalization.clva clever defi in india Simplified Wealth Management with Great Results