Bitcoin is a decentralized digital currency that works as a medium of exchange for goods and services. It was created in 2009 by a pseudonymous programmer named Satoshi Nakamoto (believed to be a Japanese man) as an alternative to other existing forms of currency, which are controlled by national governments and monetary authorities. Similar to cash, Bitcoin only exists digitally, but unlike cash it can be used to buy things electronically, like online goods or services. Bitcoin is made possible by a technology known as blockchain, which acts as the underlying infrastructure that makes facilitating transactions possible without the need of a third party (for example, banks).

Bitcoin

The Binance chain is the native blockchain of Binance, the world’s largest cryptocurrency exchange by trading volume. The project was born of a need for a decentralized, transparent and immutable blockchain that can be used as a public ledger for recording all transactions on the platform. The new chain will serve as the foundation for Binance’s native DEX and will also feature tools that will enable third-party developers to develop their own decentralized applications (dApps) based on the technology. Binance hopes its blockchain will “provide an underlying layer of a seamless financial infrastructure, driving rapid growth in digital asset adoption.”

	Bitcoin	BNB Chain
Created by	Satoshi Nakamoto	Changpeng Zhao
Native token	BTC	BNB
Consensus algorithm	PoW	PoS
Hashing algorithm	SHA-256	KECCAK-256
Supports EVM	No	Yes
TPS	5	2200
Block time (secs)	600	3
Layer	1	1
Supports smart contracts	No	Yes
Average transaction fee	$5.0973	$0.35
Staking rewards (APR)	0%	%

Bitcoin vs. BNB Chain

Overview

Table of Contents

Comparison

Is Bitcoin faster than BNB Chain?

Is Bitcoin cheaper than BNB Chain?