Binance Chain and Binance Smart Chain integrated into BNB Chain!
BNB chain to incorporate Binance chain and Binance smart chain has put forward a new slogan infrastructure for MetaFi universe, which aims to standardize the blockchain technology for traditional Web2 large-scale applications, including games, social media, Metaverse. It will arrange for its re-branding-related news.
BNB chain will continue to make a parallel virtual infrastructure through the ecosystems MetaFi concept. So far, BNB called by the name of Binance coin will be changed to use the Build N Build abbreviation refers to the token that is used as fuel (gas fee) at the BNB chain.
BNB chain is a chain of more than the previous big concept that integrates the Binance chain (BEP2) was being run in parallel in a separate blockchain Binance (BEP20) and cover up by the dot-com Binance CeFi exchange services.
Binance chain vs Binance Smart chains (BSC) quick transactions Binance chain optimization on (released in 2019) and adapter card development and deployment ( bars released to market in 2020) and will sequentially release of the two chains operate separately from each other to perform the following roles:
BNB beacon chain the governance role of the BNB chain staking, voting, etc.
Roles such as EVM-compliant, consensus-layer, multi-chain hub: BNB Smart chains.
BNB chain there put forward a MetaFi encompassing several sectors, Binance exchanges aimed at positioning as a subset of which is responsible for CeFi area within the BNB chain ecosystems, along with the Metaverse, DeFi, game pie, NFTs.
What is MetaFi?
MetaFi is a new paradigm that aims to standardize META and DEFI, blockchain for a traditional Web2 large application including games, social media, and metaverse . You think you can think of everything that fulfills the DEFI infrastructure, such as Metaverse, Gamefi, Socialfi, Web3, and NFT.
This is possible thanks to metadata that defines ownership of assets. METAFI's idea is aimed at implementing a wide range of blocks in a single meta ecosystem that is interoperable thanks to the defined metadata standards used in various platforms and blocks.
The word referred to in the BNB chain is recommended that the word referred to as the META of the contextual metaverse is better to cover everything, or in the meaning of means for achieving a specific purpose.
As many people know, BNB began with the exchange coin of the Exchange called Binance. It was used within a violation exchange such as a commission discount, a refuel rating benefit, a lunchpad, and a luncheon participation in Binance exchange, and a transaction that can participate in various events of the exchange.
Binance grows rapidly to the first in the world, and BNB stands as a superior investment asset on the third place of digital assets, a coin that depends on the centralized subject If there is no sustainability and the full-fledged regulation of each country begins, BNB knew that BNB was not only a virtual currency rather than cryptographic jurisdiction, and has been achieved an effort to break the linking ring of BNB and exchange.
Of course the price of BNB will continue to respond to the trading volume of the BNB and the trading volume of the Binance Exchange, the launchpad / launchpool event policy, and the exchange regulatory issues.
However, the BNB's release of BSC, which uses BSC as a fuel, and the quarterly burn is changed to Auto-Burn, but the symbol of BNB is not Build N Build, but the BNB chain, It is a clear effort to break the linking ring of the exchange, and it seems to be the right direction in the long run.
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