Binance

Aside from being the largest cryptocurrency exchange globally, Binance has launched a whole ecosystem of functionalities for its users. The Binance network includes the Binance Chain, Binance Smart ChainBinance Smart Chain, Binance AcademyBinance Academy, Trust WalletTrust Wallet and Research projects, which all employ the powers of blockchain technology to bring new-age finance to the world. Binance CoinBinance Coin is an integral part of the successful functioning of many of the Binance sub-projects.

Throughout its history, the company has launched two cryptocurrencies which it developed itself: Binance Coin (BNB), launched June 2017, and Binance Smart Chain (BSC), launched September 20202020. Binance Smart Chain operates using "Proof of Staked Authority", a combination of proof of stake and proof of authority. It has 21 approved validators. As of 20212021, Binance Coin was the cryptocurrency with the third highest market capitalization. Binance allows its users to pay fees on its exchange with Binance Coin.