The Binance exchange launched the Binance Coin in 2017 as an ERC-20 token on the Ethereum blockchain . It was a utility token that allowed users of the exchange to pay less in fees if they used the token for transactions. Binance Coin was then moved to the Binance Smart Chain when it was released in September of 2020.
Read moreWhat is Binance smart chain Explorer?
The explorer is a graphic user interface designed to allow users to interact with the blockchain . Through this interface, a user can browse information about blocks that have been added to the blockchain, transactions that have occurred on the blockchain, wallet balances and information about BNB.
Read moreHow do you use an Explorer block chain?
To use a block explorer, you simply visit its website and enter the information you’re looking for . To look up a pending transaction currently stored in the Mempool, for example, you could enter the transaction hash ID provided by your wallet or exchange.
Read moreWhat is Binance chain network?
Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications . BSC runs in parallel with Binance’s native Binance Chain (BC), which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC.
Read more