TechFlow News — According to an official Binance blog post, BSC (Binance Smart Chain) will be renamed to BNB Chain. This rebranding aims to highlight its connection with BNB and the decentralized evolution of the BNB ecosystem, demonstrating how BNB's use cases extend beyond the Binance ecosystem. What remains unchanged is that BNB Chain continues to be a community-driven, open-source, and decentralized ecosystem. BNB Chain aims to become the infrastructure provider for the virtual world economy by advancing the concept of MetaFi.
BNB Chain consists of the BNB Beacon Chain (formerly Binance Chain) and the BNB Smart Chain (formerly Binance Smart Chain). BNB stands for "Build and Build" and serves as the gas and on-chain governance token of the BNB Chain. "BNB Chain will support large-scale applications including GameFi, SocialFi, and the metaverse. From a single chain to a multi-chain architecture, BNB Chain has improved its scalability solutions and expanded the number of validator nodes from the original 21 in BSC to 41," said Samy Karim, Ecosystem Coordinator of BNB Chain.
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