Binance Chain is a high-performance blockchain developed by Binance and its community. The Binance Chain mainnet launched on April 18, 2019.
The Binance Chain is built on Tendermint Core and uses the Cosmos SDK to support its features and functionality.
The Binance Chain blockchain is designed to be a decentralized exchange (DEX) platform that supports the trading of digital assets. The Binance DEX is a decentralized exchange that runs on the Binance Chain.
The DEX allows for the trading of digital assets that are issued on the Binance Chain.
The Binance Coin (BNB) is the native coin of the Binance Chain. The BNB coin is used to pay fees on the Binance DEX.
The BNB coin can also be used to pay for goods and services on the Binance platform.
The Cosmos SDK is a software development kit that enables developers to build blockchains that are compatible with the Tendermint Core consensus protocol. The Cosmos SDK is written in Go and provides a modular approach to blockchain development.
The SDK includes modules for account management, staking, governance, and more.
The Tendermint Core consensus protocol is a Byzantine Fault Tolerant (BFT) consensus protocol that uses Proof-of-Stake (PoS) to reach consensus. The Tendermint Core consensus protocol can be used to build scalable and secure blockchains.
The Cosmos Network is a decentralized network of blockchains that are powered by the Cosmos SDK and Tendermint Core consensus protocol. The Cosmos Network includes the Cosmos Hub, which is the first hub in the network.
The Cosmos Hub connects to other blockchains in the network via hubs called Peers.
The Binance Chain is built on top of the Cosmos SDK and Tendermint Core consensus protocol. This gives the Binance Chain the ability to connect to other blockchains in the Cosmos Network.