BNB: A big change to the BNB chain is coming in June to try to fix security problems

Binance's BNB Chain is getting ready for a "ZhangHeng" hard fork, which will supposedly make the blockchain much safer. The upgrade is set to happen on July 19, and each user's wallet value will be tracked more closely in every block. This will make it harder for bad actors to steal money when the network is compromised.

The BNB coin, which is the network's own currency, has gone up by 6.5% over the past month. The price of the token dropped sharply after the Securities and Exchange Commission (SEC) sued Binance at the beginning of June, and it has stayed much lower than it was before the SEC took action. Even so, by market cap, BNB is still the third biggest crypto currency in the world.

(Regarding Binance)

Binance is a well-known and very famous cryptocurrency exchange. It gives people and organisations a place to trade different cryptocurrencies. Changpeng Zhao (also known as "CZ") started Binance in 2017, and it quickly grew to become the biggest and most important cryptocurrency exchange. Binance also has its own coin, which is called Binance Coin (BNB). Within the Binance ecosystem, BNB is used to lower trading fees, take part in token sales on the Binance Launchpad platform, and run its own blockchain, which is called BNB Chain.

Fyana PachecoComment