Hashport is thrilled to announce one of our next network integrations; BNB Chain! As the third largest DeFi network by TVL, with nearly $5.5B in assets locked and over 400 protocols live, this new integration opens up many new possibilities. We often ask our community which networks they would like to see on Hashport and BNB Chain has been consistently requested. We are eager to expand our capabilities through the addition of $WBNB as well as many new tokens in the near future!
What is BNB Chain?
Binance Smart Chain (BSC) is an EVM-compatible blockchain network that supports smart contracts and decentralised applications. BSC runs alongside the BNB Beacon Chain, previously Binance Chain. The first one supports smart contracts while the latter enables high transaction volume with 3 seconds block time. Both blockchains together form BNB Chain.
BNB Smart Chain supports BNB, BNB Beacon Chain’s native cryptocurrency of BNB Beacon Chain, as well as BEP20 tokens. The blockchain relies on a proof-of-stake (PoS) consensus. More specifically, users can stake BNB to become validators. Validators will get transaction fees as a reward for each block validated.
“Having BNB Chain integrated on Hashport is very exciting news for all platform users who can now freely move supported assets between BNB Chain and Hedera opening exciting new possibilities for dApps and users”. — Jesse Whiteside, Director of Business Development, Hashport
New tokens include:
$WBNB, $WBNB[hts], $HBAR[bnb]
Technical Updates — Token Addresses
$WBNB Ethereum Contract Address: 0xbb4CdB9CBd36B01bD1cBaEBF2De08d9173bc095c
$WBNB Hedera Token ID: 0.0.1157005
If you’re attempting to port $BNB tokens and have any questions, please refer to Hashport’s FAQ page here. If you require further assistance, you can reach out to firstname.lastname@example.org for additional help.
Binance is the world’s leading blockchain ecosystem and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com.
hashport is the enterprise-grade public utility that facilitates the movement of digital assets between distributed networks, extending their functionality in a quick, secure, and cost-effective way. In order to remain platform-neutral, hashport functions without the use of a proprietary token. The network is built on a robust and performant architecture, secured and operated by a group of industry-leading validator partners from around the world. hashport has passed a rigorous security audit and follows industry best practices; regularly performing comprehensive network tests to ensure the integrity of the network.
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Disclaimer: The information provided on hashport’s website does not constitute investment advice, financial advice, trading advice, or any other sort of advice. You should not treat any site content as advice.