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    Cryptocurrencies Heco-Peg Binance Coin
    USD
    $320.337 $ 320.337
    +¥5204,24 2.5% 1D
    1D 1M 1Y ALL
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    Market Cap (USD)
    --
    24H Volume
    12.21K
    Circulating Supply
    --
    Max Supply
    --
    All Time High
    459.8
    Rank
    --

    About Heco-Peg Binance Coin (BNB)

    BNB is a digital currency issued by Binance in 2017. The initially issued BNB is the ERC-20 token circulating on Ethereum Chain. After the Binance Chain was launched by Binance exchange in 2019, the ERC-20 BNB can be exchanged for BEP-2 BNB at the exchange rate of 1:1; In 2020, Binance launched the Binance Smart Chain (BSC) that operates in parallel with the Ethereum Chain. ERC-20 BNB can also exchange BEP-2 BNB on the basis of BEP-20 BNB.


    How does Binance Smart Chain (BSC) Work?

    Binance Smart Chain uses the PoSA (proof-of-stake consensus algorithm) consensus mechanism, which is a consensus mechanism between the proof of authority (PoA) consensus mechanism and the delegated proof of stake (DPoS) mechanism. The PoSA consensus mechanism has the advantages of fast block generation and low transaction handling fee. The consensus mechanism allows participants to become validators by staking a certain number of BNBs. The validators have the ability to create blocks and do not need to solve the computational problems in the PoW consensus mechanism. Validators take turns to generate blocks and get BNB as rewards. Every day, the network will re-elect. The validators need to continuously stake BNB to continue to be validators through election.

    The PoSA consensus mechanism introduces the element of "stakes", so that the holders of stakes are qualified to become validators, and strengthens the degree of decentralization of the mechanism to ensure that the network has higher security and integrity.


    What is Binance (BNB)?

    Binance (BNB) is the native token of Binance Chain and Binance Smart Chain, with a total supply of 200 million. BNB can be used to pay the trading fees of Binance exchange, Binance DEX, Binance Chain and Binance Smart Chain, and can also be used in some on-line / physical stores, purchase goods, and book hotels and air tickets through specific websites.


    Binance (BNB) Crypto Wallet

    In addition to placing BNB in the Gate.io exchange to facilitate trading, BNB can also be placed in the crypto wallet.

    Binance Chain Wallet is the official cryptocurrency wallet of Binance exchange. It can safely store BNBs and also access Binance Chain, Binance Smart Chain and Ethereum blockchain.
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    Heco-Peg Binance Coin Market

    Currency Price 24H Change Action
    BNB /USDT
    5X Margin
    $320.337 +2.5% Trade
    BNB /USDT
    Futures
    $314.014 +0.16% Trade
    BNB /USDT
    Spot
    $320.337 +2.5% Trade

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