Binance Smart Chain became quite popular as an Ethereum alternative during the latter’s peak of network congestions and gas fee issues.
Decentralized blockchain ecosystem Binance Smart Chain (BSC) today announced that it is taking a new name, BNB Chain, in a bid to reflect its connection with the native token of the ecosystem Binance Coin (BNB).According to the release, BNB now stands for „Build and Build” instead of short for Binance Coin. Powered by BNB, the BNB Chain would introduce advanced capabilities and focus on building Web3 infrastructure. Under the freshly-named BNB Chain umbrella, the chain governance part, the Binance Chain, where staking and voting happens, has become BNB Beacon Chain. On the other hand, the EVM-compatible, multichain-supporting Binance Smart Chain is simply named BNB Smart Chain, still shortened as BSC.The BNB Chain will bring all its Web3 development under the umbrella of MetaFi that will b
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