Definition
BNB is a cryptocurrency created for the Binance ecosystem. It functions as a digital asset that exists on blockchain networks associated with Binance, such as BNB Chain. As a crypto token, BNB can be held in digital wallets, transferred between addresses, and traded on cryptocurrency exchanges as part of the broader digital asset market.
In Simple Terms
BNB is a type of digital money linked to Binance. It lives on a blockchain, can be stored in crypto wallets, sent to other people, and bought or sold on exchanges. Like other cryptocurrencies, it is one of many different coins and tokens that exist in the crypto world.
Context and Usage
BNB is commonly mentioned in discussions about major cryptocurrencies and exchange-linked coins. It appears on price charts, market cap rankings, and trading pairs on many platforms. In blockchain conversations, BNB is often grouped with other well-known crypto assets and is treated as one of the larger, more established digital currencies in the ecosystem.