Knowledge & Technology

BNB (Binance Coin) is a utility token for the Binance exchange and the native token of the BNB Chain.

A decentralized, distributed ledger technology that records transactions across multiple computers, preventing retroactive alteration without changing all subsequent blocks. This enables participants to verify and audit transactions without a central authority.

Binance definition: The world’s largest centralized crypto exchange, founded in 2017 by Changpeng Zhao, and used by millions globally.

Burn/Burned definition: The deliberate removal of tokens from circulation to affect supply and potentially influence the token’s value.

Bridges definition: Tools that enable interoperability between blockchains, allowing users to transfer data and assets across different networks.

Block Reward: Cryptocurrency given to miners for successfully adding a new block to the blockchain, supporting network security.

Block definition: A collection of transactions recorded on a blockchain, serving as the core data structure.

Bear Market definition: A sustained period of falling asset prices, marked by pessimism and widespread selling.

Anti-Money Laundering definition: Protocols that prevent the use of cryptocurrencies for illicit activities, supporting transparency and regulatory compliance.

Altcoin definition: A blend of ‘alternative’ and ‘coin,’ referring to all cryptocurrencies other than Bitcoin (and sometimes Ethereum).