About BNB (BNB)
What Is BNB (BNB)?
BNB is the native asset of the BNB Chain ecosystem. It pays gas on BNB Smart Chain, supports staking and governance, and is used across applications and services connected to Binance and BNB Chain.
How Does BNB Work and What Is BNB Used For?
BNB Smart Chain uses Proof of Staked Authority. A limited validator set produces blocks, while BNB holders can delegate stake. BNB began as an Ethereum token but migrated to its own chain. Supply is reduced through periodic Auto-Burn events and a real-time burn mechanism tied to gas fees. The long-term target is 100 million BNB, subject to the published burn design.
BNB Security, Control and Risks
BNB utility is broad, but the network has validator concentration and ecosystem dependency risks. Binance-related regulation, bridge exploits, governance changes, and application bugs can affect demand or access. Verify whether a wallet expects native BNB or a wrapped version.
Frequently Asked Questions About BNB
What pays BNB Smart Chain gas?
BNB.
Can BNB be staked?
Yes, through supported validators and interfaces.
Is BNB deflationary?
Its supply is reduced by burn mechanisms, although exact supply changes should be checked live.
Sources and Verification
Official sources
- BNB Chain Redirected
- BSC staking overview Active