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https://youtu.be/6N665bvEvSo

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Is BNB Chain the Future of Web3?

If you are interested in Web3 development, you might have heard of BNB Chain, the community-driven blockchain ecosystem that supports EVM-compatible layer-1 and layer-2 solutions. BNB Chain is the evolution of Binance Chain and Binance Smart Chain, which have merged to form a unified platform for building and deploying decentralized applications (dApps) in a permissionless and decentralized environment.

In this article, we will explain what BNB Chain is, how it works, and why it is the best blockchain for Web3 dApps with massive user bases. we will also show you how to get started, explore dApps, and join the BNB Chain ecosystem with BNB, the blockchain gas token that fuels transactions on the BNB Chain.

What is BNB Chain?

BNB Chain is a blockchain ecosystem that consists of four main components: BNB Smart Chain (BSC), BNB Greenfield, BNB Sidechain, and DappBay.

BNB Smart Chain (BSC)

BSC is the layer-1 blockchain that supports EVM-compatible smart contracts and high performance. It is fully compatible with Ethereum tooling and has up to 35 times of capacity. It also has a low gas fee of 3 Gwei ($0.02) per transaction, making it affordable for users and developers.

BSC uses a Proof-of-Staked-Authority (PoSA) consensus mechanism, which combines the features of Proof-of-Authority (PoA) and Delegated Proof-of-Stake (DPoS). PoSA allows for faster block generation and finality, while also enabling staking rewards for validators and delegators. There are 21 active validators on BSC, who are elected by BNB holders through staking.

BSC also supports cross-chain interoperability through Binance Bridge, which allows users to transfer tokens between BSC and other blockchains, such as Ethereum, Bitcoin, Polkadot, etc. Binance Bridge supports over 200 tokens, including ERC-20, BEP-20, BTC, ETH, DOT, etc.

BNB Greenfield

BNB Greenfield is a decentralized data storage system and economy within the broader BNB Chain ecosystem. It allows users and dApps to create, store, and exchange data with full ownership and control. It also enables data monetization and incentivization through tokenization.

BNB Greenfield uses a Proof-of-Replication (PoRep) consensus mechanism, which ensures that data is securely stored and replicated across multiple nodes. PoRep also rewards nodes for providing storage space and bandwidth. Users can access their data through decentralized identifiers (DIDs) and verifiable credentials (VCs), which are based on W3C standards.

BNB Greenfield aims to form a new data economy where data is not controlled by centralized platforms or intermediaries, but rather by users themselves. It also empowers dApps to leverage data as a valuable asset and resource for innovation.

BNB Sidechain

BNB Sidechain is an infrastructure that helps developers and the application community to build and run their dedicated blockchain as a focused value system for a massive number of users while retaining a tight link with BNB Chain.

The BNB Sidechain blockchain is a high-performance blockchain with high TPS and extremely cheap gas prices. It is dedicated to the application logic with independent community governance and economy. It also supports cross-chain communication with the BNB Chain through a relay mechanism.

BNB Sidechain allows projects to customize their own blockchain according to their specific needs and preferences, without compromising on scalability or security. It also enables projects to tap into the largest community of users and developers on the BNB Chain.

DappBay

DappBay is a dApp discovery platform that allows users to easily navigate relevant dApps, swiftly explore and discover profitable early-stage projects, and effortlessly identify risky dApps on the BNB Chain.

DappBay provides various features and metrics to help users find their first or next dApp on the BNB Chain, such as categories, rankings, ratings, reviews, audits, etc. It also offers curated lists of hot dApps, new dApps, trending dApps, etc.

DappBay aims to be the ultimate destination for dApp enthusiasts on BNB Chain, where they can discover new opportunities, learn from others’ experiences, and share their own feedback.

Why BNB Chain?

BNB Chain is a blockchain for Web3 dApps with massive user bases because it offers:

• Best EVM compatibility: Developers can easily migrate or deploy their dApps from Ethereum or other EVM-compatible blockchains to BSC with minimal changes.
• Massive user base: Users can enjoy fast transactions, low fees, and a rich diversity of dApps on BSC with over 4 million daily active users and over 90 transactions per second.
• Most diversified assets: Users can access and use all popular tokens on BSC through Binance Bridge, which supports over 200 tokens and over $20 billion in total value locked.
• Strongest ecosystem: Developers and users can benefit from the robust ecosystem of top-tier RPC plants, wallets, blockchain explorers, data indices, and substantial grants on the BNB Chain.
• Dedication: Developers and users can create and join their own focused value systems on BNB Sidechain with dedicated blockchains, communities, and economies.
• Sustainability: Developers and users can store and exchange their data securely and efficiently on BNB Greenfield with decentralized storage, identity, and tokenization.
• Integration: Developers and users can leverage the cross-chain interoperability between BSC, BNB Greenfield, BNB Sidechain, and other blockchains through Binance Bridge and relay mechanisms.

How to get started?

To get started with BNB Chain, you need three things: a wallet, some BNB, and a dApp.

Download a wallet

A wallet helps you connect to the BNB Chain and manage your funds. You can choose from various wallets that support the BNB Chain, such as Trust Wallet, MetaMask, Math Wallet, etc. You can download them from their official websites or app stores.

Get BNB

BNB is the currency of BNB Chain – you can use it in dApps, pay for gas fees, stake for rewards, etc. You can get BNB from various sources, such as:

• Buying from exchanges: You can buy BNB from crypto exchanges that support it, such as Binance, Coinbase, Kraken, etc.
• Swapping from other tokens: You can swap other tokens for BNB on decentralized exchanges (DEXes) that support it, such as PancakeSwap, BakerySwap, etc.
• Transferring from other chains: You can transfer BNB from other blockchains to BSC through Binance Bridge, which supports BTC, ETH, DOT, etc.

Use a dApp

Once you have a wallet and some BNB, you can start using dApps on the BNB Chain. You can find dApps from various categories and genres on DappBay, such as DeFi, NFTs, gaming, social media, etc. You can also explore the hottest projects on BNB Chain by visiting their official websites or social media channels.

Some of the most popular dApps on BNB Chain are:

• PancakeSwap: A leading DEX and AMM on BSC that allows users to swap tokens, provide liquidity, farm CAKE tokens, and participate in lotteries and NFTs.
• BakerySwap: A DEX and NFT marketplace on BSC that allows users to swap tokens, provide liquidity, farm BAKE tokens, and create and trade NFTs.
• CryptoBlades: A role-playing game on BSC that allows users to create characters, craft weapons, fight enemies, and earn SKILL tokens.
• Alien Worlds: A metaverse game on BSC that allows users to explore planets, mine resources, collect NFTs, and govern the galaxy.
• Venus: A decentralized money market protocol on BSC that allows users to borrow and lend crypto assets with stable interest rates and earn XVS tokens.

Conclusion

BNB Chain is the future of Web3 because it offers a comprehensive and scalable platform for building and deploying dApps with massive user bases. It combines the best of both worlds: EVM compatibility and high performance on BSC; decentralized storage and data economy on BNB Greenfield; dedicated blockchains and value systems on BNB Sidechain; and cross-chain interoperability through Binance Bridge.

If you are interested in Web3 development or dApp usage, you should definitely check out BNB Chain and join its vibrant community. You can learn more about it by visiting its official website https://www.bnbchain.org/en or following its social media accounts.

Thank you for reading this page. We hope you found it informative and useful. If you have any feedback, please feel free to rate this page or leave a comment below. We would love to hear from you!

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BNB price chart – BNB price today

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