Binance Coin (BNB), Explained in Under 5 Minutes

You’ve heard of Bitcoin and Ethereum, but there’s another giant in the crypto world you need to know about: Build and Build coin, or BNB (also more commonly termed as "Binance Coin" by the community). In this quick 5-minute video, Sami breaks down what BNB is, why it’s become one of the largest cryptocurrencies by market cap, and why it plays a critical role beyond just the Binance Platform. Learn how BNB transformed from a simple fee discount token to the native token that fuels transactions on BNB Chain — a fast, low-cost blockchain powering smart contracts, DeFi, NFTs, and more. Discover its key features like Proof of Staked Authority consensus, staking rewards, and a deflationary coin burn. In this video, you will learn: ✅ What BNB is and its origin story ✅ The difference between Binance Chain, Binance Smart Chain, and the unified BNB Chain ✅ How BNB’s gas fees power transactions and smart contracts ✅ The Proof of Staked Authority consensus and staking rewards ✅ The deflationary auto-burn mechanism reducing BNB supply over time ✅ BNB’s growing adoption in DeFi, GameFi, NFTs, and real-world payments ✅ The rise of institutional demand and organic spot-driven growth ✅ Risks and how to protect yourself from scams on BNB Smart Chain 📚 Resources: 1. What is BNB | Benefits of Using BNB on Binance, How to Buy https://www.binance.com/en/bnb 2. opBNB: High-Performance Optimistic Layer 2 Solution for BNB Chain https://opbnb.bnbchain.org/en 3. BNB Greenfield - BNB Chain https://greenfield.bnbchain.org/en ⏱️ Timestamps: ⏳ 0:00 – Introduction: BNB ⏳ 0:18 – What is BNB? From utility token to a crypto giant ⏳ 0:43 – History of BNB: ICO and Vision ⏳ 1:07 – History of Binance Chain, then Binance Smart Chain ⏳ 1:38 – Today: BNB Chain = Binance Chain + Smart Chain ⏳ 1:55 – Pancakeswap ($CAKE): BNB Chain's Defi Platform ⏳ 2:17 – BNB as Gas Fees: How BNB Chain Is Powered ⏳ 2:32 – Consensus: Proof of Stake Authority and Staking ⏳ 2:51 – BNB's Coin Burning Mechanism and Deflationary Model ⏳ 3:17 – BNB's Utility: Real World Payments, Binance Token Launches, etc. ⏳ 3:37 – BNB: Institutional Interest and Organic Growth ⏳ 3:57 – BNB: Scams and the Importance of Research ⏳ 4:16 – Outro #binance #bnb #bnbchain #cryptoexplained #binanceexplains #bnbnews ⚠️ RISK WARNING: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on your individual circumstances. Not financial advice. For more information, see our Terms of Use and Risk Warning. 📢 Join the conversation: ➡️ Twitter/X: https://x.com/binance/ ➡️ Instagram: https://www.instagram.com/binance/ ➡️ Facebook: https://www.facebook.com/binance/ ➡️ TikTok: https://www.tiktok.com/@binance/ ➡️ LinkedIn: https://www.din.com/company/binance/ ➡️ Reddit: https://www.reddit.com/r/binance/ 🔗 Download Binance here (iOS, Android): https://binance.onelink.me/y874/cb98de36 🔗 Sign up for Binance here: https://www.binance.com/en?ref=ERQKP7ND&utm_source=BinanceYoutube&utm_medium=GlobalSocial&utm_campaign=GlobalSocial