BNB Chain is a blockchain ecosystem that originated from Binance, the world’s largest cryptocurrency exchange. It’s designed to be fast, efficient, and developer-friendly, supporting the creation of decentralized applications (dApps) and smart contracts. BNB Chain consists of two blockchains: BNB Beacon Chain (for governance) and Binance Smart Chain (BSC) (for smart contracts and Ethereum Virtual Machine (EVM) compatibility). Its native token, BNB, is used for transaction fees, staking, and governance within the ecosystem. BNB Chain aims to provide an alternative to Ethereum with lower fees and faster transaction speeds.