The Binance blockchain is fast, EVM compatible and supports multi-chain. This makes it an excellent ecosystem for new developers.The BNB token is necessary for transactions on the blockchain and is also an integral part of the Binance exchange.Given its use and deflationary nature, I believe BNB could go much higher from here.Thesis SummaryBinance Coin (BNB-USD) is the native token of the Binance exchange and was launched in 2017. It has come a long way since, and its blockchain has grown significantly. The BNB token is necessary to operate on the BNB blockchain and is also an integral part of the BNB exchange ecosystem.Given the popularity of the exchange and how fast the network is growing, I believe BNB is a good buy at today's price.The BNB ChainThe Binance blockchain used to be made up of two layers. On the governance side, we had the Binance Beacon Chain, and on the execution side, we had the BNB Smart Chain ((BSC)). Since February, these have merged to create the single Binance Chain.With this move, Binance aims to create an ecosystem beyond the Binance exchange. The Binance Chain is EVM compatible and allows for creating smart contracts and DApps that can be used cross-chain.BNB uses Proof-of-Stake Authority, which allows it to attain fast transaction speeds. The company has stated it has reached 1.4 million TPS. However, the chain was limited to 21 validators, but this has recently been increased to 40.The BNB chain a...
XRP Price Prediction For May 2025
