BNB project what is it?
The exchange…
The token…
The BNB associated blockchains.
Begin your own research buy reading about this for yourself at: https://academy.binance.com/en/articles/what-is-bnb
I decided to asses this research and have come up with some conclusions. This token as mentioned in the suggested article, link above, has many use cases. Including reduced trading fee on the exchange, saving people money, Ethereum is expensive, high gas fee's. You can use Binance to pay for trades on a DEX (Decentralised Exchanges.)including Uniswap, Pancake and Curve. Also can make trades with BNB on the Binance Smart Chain itself which include's trading on the Beacon Chain. You can, like most popular crypto in the crypto marketplace space, also use this in the real world situation's to pay for good's or services by those willing to receive BNB as payment. Use cases require online connectivity, as we known all crypto exist in the digital domian primarily, although preceptually you can print pubic address's so that techically the crypto wallet can be completely printed thus completely existing on real world paper, to make the transaction however to make these number's interact cyberspace is required to get action's made transaction's resulting in reaction, to blockchain. However the shop or person may be of real world origin not cyberspace only.
A fairly new implementation of this technology is using this in metaverse gaming and DApps. Most people love video games on some level. Being able to use tangible cyberspace currencies may seem like a ready player one movie move. Making more people spend most of their time online addicted to computer interactivity. However monetised gaming not to be confused with gambling, is not new to crypto monies, Secondlife had Linden's a metaverse that was released in 2003 nearly two decades ago.
So What is this and where did it come from?
Initially BNB was a ICO originating around June, July 2017. Based originally on the ERC-20 Ethereum token on the Ethereum Network. One of the down sides of BNB is that they burn coins. Meaning no permanent mining which would equate this coin to Bitcoin validity. It also has it's own non-custodial wallet that many do not realise is Binance's own wallet. One of the reasons many do not realise this is due to the significantly different name. Trust Wallet. To find out about this non-custodial wallet I visited.
https://academy.binance.com/en/articles/what-is-trust-wallet
It is also described in the following resource.
Binance wallet non-custodial is Trust Wallet. https://trustwallet.com/binance-coin-wallet/
Peace, love and Joy. Namasté
