Cryptocurrency Q&A
Is BNB built on Ethereum?
Is BNB built on Ethereum?
AndrewMiller
Sun May 12 2024
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5 answers
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I'm curious, could you clarify something for me? I've been hearing a lot about BNB recently, and I'm trying to get a better understanding of its technological foundation. Is BNB, in fact, built on the Ethereum blockchain? I've seen some comparisons and analogies made between the two, but I'm not entirely sure if they share the same technological backbone. Could you please elaborate on this point? It would greatly assist me in piecing together the larger puzzle of the cryptocurrency ecosystem. Thank you in advance for your clarification.
5 answers
Riccardo
Tue May 14 2024
Initially, during its ICO and early days, BNB was not a standalone token.
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MysticMoon
Tue May 14 2024
Instead, it existed as an ERC-20 token, leveraging the functionality of the Ethereum blockchain.
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DongdaemunTrendsetterStyle
Tue May 14 2024
This integration allowed BNB to enjoy the security and scalability of Ethereum.
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Michele
Tue May 14 2024
BNB, the token associated with Binance, had a unique genesis.
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Riccardo
Tue May 14 2024
BTCC, a UK-based exchange, offers comprehensive cryptocurrency services.
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