The Binance Coin(BNB) is now ranked number three crypto in the world,the price of Binance coin is $233.51 USD while i was actually creating this post..... the binance coin had a 24-hour trading volume which was around the value of $4,934,820,518 USD....
the Binance Coin is a crypto which was able to rise as high as up to 5.96% in the last 48 hours......
the binance coin do have a current market cap of $36,548,947,990 USD. and it also actually have a circulating supply which is around 154,532,785 of the BNB coins and it actually have a maximum supply of up to 170,532,785 BNB coins..........
the BNB coins is available in most exchanges in the world......
BNB was a cryptocurrency which was launched four years ago which is 2017,the launching was done via coin offering and it happened at eleven days before the binance cryptocurrency exchange decided to go online officially as an exchanger.....
when the BNB coin was launched it was said to have been actually issued as an ERC-20 token and the token was actually running on the Ethereum network..........
but later the ERC-20 BNB coins were later confirmed to be swapped with BNB on a 1:1 ratio and that happened two years ago after the Binance Chain mainnet was launched.....,
BNB coin is a crypto which you can use as en effective payment method, you can also use it as an utility token which can be used to actually pay for various fees that exist on the Binance exchange and also you can use it for various participation in any kind of token sales which occurs on the Binance launchpad........ the BNB is also a cryptocurrency which actually also powers the Binance DEX.........
the BNB is a crypto which cannot be mined the way you could have been able to mine a proof-of-work cryptocurrency........
well the binance blockchain do make use of what is called a "Byzantine Fault Tolerance (BFT)" kind of consensus mechanism,so because of that there are some known validators who are usually confirmed to really earn via securing the network by ensuring they are validating blocks.......