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.”

BNB Chain

The Ethereum Classic Blockchain is the original Ethereum blockchain and one of the largest and most established blockchain networks in existence. The Ethereum Classic (ETC) cryptocurrency token is a tradable, digital asset that is part of a system that can be used to trade goods, assets, or services.

	BNB Chain	Ethereum Classic
Created by	Changpeng Zhao	Vitalik Buterin
Native token	BNB	ETC
Consensus algorithm	PoS	PoW
Hashing algorithm	KECCAK-256	KECCAK-256
Supports EVM	Yes	Yes
TPS	2200	15
Block time (secs)	3	13
Layer	1	1
Supports smart contracts	Yes	Yes
Average transaction fee	$0.35	$0.0001
Staking rewards (APR)	0%	%

BNB Chain vs. Ethereum Classic

Overview

Table of Contents

Comparison

Is BNB Chain faster than Ethereum Classic?

Is BNB Chain cheaper than Ethereum Classic?