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.
NOTE: WARNING: Binance Chain is NOT built on Cosmos. Binance Chain is an independent blockchain, utilizing the same underlying technology as Cosmos but with unique features that make it a distinct and separate blockchain. Do not confuse the two.
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.
9 Related Question Answers Found
Binance, one of the world’s largest cryptocurrency exchanges, is built on the Cosmos network. Binance uses the Cosmos SDK to power its decentralized exchange (DEX), which allows users to trade directly with each other without the need for a centralized intermediary. The Cosmos network is a decentralized platform that enables developers to build blockchains and DApps that can interoperate with each other.
Multiverse is not a Binance. Binance is a cryptocurrency exchange while Multiverse is a game development platform. However, both are based on blockchain technology.
SuperFarm is a new project that has been gaining a lot of attention lately. The project aims to build a decentralized exchange for digital assets. However, some people have been asking if SuperFarm is a Binance.
SolChicks is an online cryptocurrency exchange that allows you to buy, sell, and trade digital assets. It is one of the most popular exchanges in the world, and it is frequently used by traders to buy and sell cryptocurrencies. While SolChicks is not a Binance, it does offer a variety of features that make it a good choice for those looking for an online exchange.
Conflux is an open-source public blockchain protocol based on the “Proof of Work” consensus mechanism. It is a next-generation blockchain platform that is designed to be scalable, secure, and efficient. Conflux is developed by a team of researchers and engineers from some of the world’s leading universities, including Tsinghua University, Cornell University, and the University of Pennsylvania.
Fusion is not a Binance. Binance is a crypto-currency exchange, while Fusion is a blockchain application platform. While both platforms offer users a way to buy and sell digital assets, they serve different purposes.
StarLink is a decentralized network of satellites providing low-cost, high-speed Internet to remote communities around the world. StarLink is owned and operated by Space Exploration Technologies (SpaceX), a private company founded by entrepreneur Elon Musk. SpaceX has been working on the development of StarLink for several years and has launched dozens of satellites into orbit as part of the project.
Pmon is an altcoin that was created in 2014. It is a fork of the Blackcoin blockchain. Pmon has a total supply of 10 billion coins.
UBT is a Binance. Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the world’s largest cryptocurrency exchange with a market capitalization of over $1 billion.
