#BNBChainMeme BNB Chain (formerly Binance Smart Chain, BSC) is a blockchain network developed by Binance. It consists of two key components:
1. BNB Beacon Chain – Handles governance, staking, and security.
2. BNB Smart Chain (BSC) – Supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM).
Key Features:
EVM Compatibility: Supports Ethereum-based dApps.
Low Fees & Fast Transactions: More scalable than Ethereum.
Staking & Governance: Uses BNB for staking and network participation.
Broad Ecosystem: Supports DeFi, NFTs, and GameFi projects.