BNB
by Samuel Mbaki
October 28, 2022
Binance is a centralized company operating the world's largest crypto exchange. BNB Chain is a decentralized blockchain network.
While it is easy to conflate Binance with BNB Chain, they are separate entities and do not have the same relationship as, for example, the Ethereum Foundation and Ethereum.
The world’s largest cryptocurrency exchange Binance launched BNB Chain in February 2022, consisting of BNB Beacon Chain (previously Binance Chain) and BNB Smart Chain (previously Binance Smart Chain).
Recently, Binance published a blog clarifying the distinctions between the company and the blockchain:
"Above all else, Binance is but a part of the BNB ecosystem, rather than the other way around."
Below we will highlight the main characteristics and differences between the two influential blockchain entities.
Here are the key differences between Binance and BNB Chain:
Author
Samuel Mbaki
Samuel is a passionate blockchain reporter with an experience of about four years. His fascination with technology is what brought him to the crypto space. Since then, he has researched, learned about it, and educated others through his writing skills.
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