They typically have no centralized control and are viewed by crypto enthusiasts as a means to effectively bypass traditional banking institutions. DeFi projects are blockchain-based peer-to-peer financial services that allow users to lend, borrow, and invest money. ![]() Launched in April 2020, it has gained significant popularity within the decentralized finance (DeFi) community due to its scaling capacity, low fees, and cross-chain compatibility. It allows the creation of smart contracts on the blockchain and supports staking projects. The Binance Smart Chain (BSC) is an auxiliary blockchain system that runs parallel to the Binance Chain and supports the decentralized applications (dApp) ecosystem. The cryptocurrency is presently accepted by over 40 million merchants worldwide through the Binance Visa card, which allows payments using Bitcoin and BNB coin, linked to your Binance account. It is also popularly used by Binance clients to pay trading fees on its platforms due to its discounted rates which help to increase its use cases. BNB is used in the Binance ecosystem as an investment coin. BscScan allows you to explore and search the Binance blockchain for transactions, addresses, tokens, prices and other activities taking place on BNB Smart. Here you can find information such as the name of the asset, the market capitalization, the current price, total supply, and the creator’s address.Binance Coin (BNB) is Binance's native cryptocurrency and is underpinned by the Binance Chain blockchain system. You can also view all assets issued on Binance Chain by heading to the asset explorer. To view more detail about a specific block, clicking on a block height will take you to a more in-depth overview of the parameters of that specific block. When viewing all the blocks on the blockchain, you will be able to find information on the block height, the time the block was produced, the age of the block, the number of transactions in the block, the node that produced the block and, the fees associated with that block. If you wish to view more, you can click on “View All >” To view more detail about a specific transaction, clicking on a TxHash will take you to a more in-depth overview of the parameters of that specific transaction.įrom the front page of the Binance Chain Explorer, you can see a summary of the 10 most recent blocks produced on the Binance Chain. You can tap on the QR code to copy the address or click Share to share your address. When viewing all the transactions, you will be able to find the TxHash (Transaction Hash, or Transaction ID), the block height, the age of the transaction, what type of transaction it was (place order, cancel order or transfer), which address initiated the transaction and, the address which received the asset if the transaction type was a ‘transfer’. After creating a wallet, click Smart Chain - Receive to find your BSC address. If you wish to view more, you can click on “View All >”. You can also review the latest price, market cap, and 24h volume for BNB.įrom the front page of the Binance Chain Explorer, you can see a summary of the 6 most recent transactions on the Binance Chain. If you wish to search for a specific block, transaction, order, asset or address you can do so through the search bar in the banner of the Binance Chain Explorer. ![]() Through this interface, a user can browse information about blocks that have been added to the blockchain, transactions that have occurred on the blockchain, wallet balances and information about BNB. The explorer is a graphic user interface designed to allow users to interact with the blockchain. ![]() Navigate to the Binance Chain Explorer What is the Binance Chain Explorer?
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