|24h High||24h Low||All-Time High||ATH Date||All-Time Low|
|Genesis Date||8th July 2017|
|Max Coin Supply||168,137,035|
Binance Coin (bnb) is a digital asset ranked as #5 in BitCourier Cryptocurrency List with market capitalisation of £41.03 Bn. Pound Sterling. In the last 24 hours Binance Coin's trading volume exceeded £1.33 Bn.
Current price - £244.38 GBP. Exchange rate bnb to USD is $304.61 for one coin.
During the last calendar year Binance Coin price was volatile and had both periods of growth and decline. In particular in the last 7 days the price changed by 11.13%. (bnb)'s peak price (All-time high) was £497.18 per coin, this point was reached on 7th November 2021 . From that moment till today Binance Coin has lost -50.92% in value.
Ratings by crypto community, developers and liquidity are 63.166, 73.112, 79.472.
Binance Coin is a token based on the Ethereum platform that was created for trading other cryptocurrencies and paying fees on the Binance exchange. Binance is a leader among crypto exchanges that initially did not support fiat transactions and dealt only with crypto coins. At the start of the project, Binance decided to issue its own coin called BNB in July 2017 and sold its first set of tokens for over $15 million.
Being originally an Ethereum-based token it has gradually switched to its own custom blockchain known as Binance Chain that does not support smart contracts. It uses another mechanism called the Tendermint byzantine-fault-tolerant (BFT) consensus mechanism that includes different types of nodes. Miners do look for blocks in teams and the reward is shared between all validators.