What is Binance Chain?

In recent years, Changpeng Zhao’s previously Malta-based (and since 2020 ”headquarterless”) Binance exchange has become much more than merely a cryptocurrency exchange.

Binance now consists of an entire cryptocurrency ecosystem, with You will likely know Binance Chain as the blockchain underpinning Binance Coin (BNB). In recent weeks, Binance has been all the rage - however, the renewed interest in Binance has mostly stemmed from the Binance Smart Chain.

Nevertheless, to properly understand Binance Smart Chain and the BEP-20 token, we first need to understand Binance Chain and BEP-2.