#cryptocurrency Binance Coin #bnb - main characteristics and advantages, risks, disadvantages

#binance #coin (#bnb) is a utility token created in 2017 for the Binance platform. Initially based on the standard ERC-20 Ethereum, BNB was later transferred to its own blockchain Binance Chain and Binance Smart Chain (BSC). BNB is steadily included in the top 5 cryptocurrencies in market capitalization and continues to develop, despite potential regulatory risks and competition. ------------------------------------------- -------- more information in our https://t.me/kriptovalyutagpt/ and VK https://vk.com/kriptovalyutadlyanovichkov ---------------------------------------------------------------------------------- ------------------ The main characteristics-type of token. Utility token. - Standard. Initially created on the basis of ERC-20 (Ethereum), then transferred to its own blockchain Binance Chain and Binance Smart Chain (BSC). - General offer. Initially, 200 million tokens, with regular combustions, which reduces the general offer over time. Technological architecture - Binance Chain. Runned in April 2019. The main goal is to support operations with tokens and trading transactions. - Binance Smart Chain (BSC). Launched in September 2020. Supports smart contracts and decentralized applications (Dapps) with high throughput (up to 300 transactions per second) and low commissions (~ 0.05 BNB per transaction). Tokenomics is a burning mechanism. BINANCE conducts BNB regular combustions based on the volume of trading on the platform. This happens every three months, until 50% of the total offer is destroyed. - Usage. BNB is used to pay for trading commissions, participation in the Binance Launchpad tokens, as well as for staining and providing liquidity to Pancakeswap and other DEX. Application - trading commissions. Users can reduce the commission by 25% when using BNB for Binance calculations. - Decentralized finances (Defi). Support for smart contracts allows the use of BNB in ​​Defi applications. Popular BSC platforms include Pancakeswap, Venus and BakerySwap. - NFT. BNB is also used to buy non -replaced tokens (NFT) on various platforms. Safety and consensus - consensus algorithm. The BSC uses the Proof of Staked Authority consensus mechanism, which combines Proof of Authority and Delegated Proof of Stake, allowing you to achieve high transaction processing speeds. - Safety. The BSC network has a high level of security due to the decentralized structure of validators and the use of smart contract audits. Integration and ecosystem - partnership. Binance actively cooperates with various projects to expand the BSC ecosystem and increase BNB use. - Developer tools. Binance provides a lot of SDK and API for developers, which simplifies the creation of Dapps on BSC. The market and liquidity are liquidity. BNB is actively traded on a multiple crypto -rope, which provides high liquidity. - Capitalization. BNB is steadily included in the top 5 cryptocurrencies in market capitalization, which makes it one of the most popular tokens. Prospects and challenges are the growth of Defi and NFT. An increase in interest in Defi and NFT can contribute to the growth of demand on BNB. - Regulatory risks. T tightness of norms in different countries can adversely affect the use of BNB. - Competition. An increase in the number of blockchains with support for smart contracts creates competition for BSC and, accordingly, for BNB. The conclusion of Binance Coin (BNB) continues to develop as a key component of the Binance and Binance Smart Chain ecosystem. Its unique functions, such as the combustion mechanism and integration in Defi, make it attractive to users and investors. Nevertheless, potential risks and calls require careful analysis before investing. #Main_baza_v_mir_kripovalia #cryptocurrency #bitcoin #Ethereum #blockchain #crypto -rope #decentralization #crypt #earnings #altcoin