Binance Coin (BNB): What Is It?

Binance Coin (BNB) cryptocurrency has been used on the Binance cryptocurrency exchange. It’s utilized for different functions. As of January 2018, the Binance Exchange has been the world’s largest exchange for cryptocurrency. It facilitates the processing of over 1.4 million transactions every second. 

Binance Coin was launched in July 2017 and initially worked with the ERC-20 token on the Ethereum blockchain. It then became the native cryptocurrency of the Binance Chain, Binance’s own blockchain.

The Binance Coin, like other emerging cryptocurrencies, has a variety of applications. These are not just limited to the Binance market. Here are a few examples:

•     On several exchange platforms, Binance Coin can be converted into another Crypto Currency Game.
•     BNB may be used to pay for Binance Exchange transactions with a discount.
•     Customers may utilize BNB as a form of payment. This gives them more options and flexibility in terms of mode of payment.
•     BNB may be used to book hotels and flights and serve a variety of other functions in entertainment.
•     BNB may be used for stock investments and trade on a variety of platforms.

Solana (SOL) Cryptocurrency: What Is It?

Many regard Solana as a competitor to Ethereum. A blockchain network started in 2020, it has shown a great expansion this year. It has experienced a 16,000 percent increase.

It has been dubbed the “Ethereum (ETH) Killer” by many.

The developing cryptocurrency has a lot of advantages, including:

•     Smart contracts are bits of code that allow decentralized apps to function on blockchain networks. Because Ethereum’s network is overloaded, transactions have become economically unfeasible. Solana is a popular Ethereum alternative (ETH).
•     Solana has the potential to process about 24,000 TPS making it a competitor in the market.
•     Solana’s proof-of-history verification methodology incorporates timestamps. This allows transaction processing efficiently and in lesser time.
•     Solana’s ecosystem includes over 350 projects. This includes intermediary-free banking, non-fungible token (NFT) projects, gaming apps, and more.
•     Solana gains a faster runtime with the Sealevel system utilized. This also has the ability to conduct transactions concurrently on the same blockchains.

BNB to SOL Conversion

As of November 2021, 1 BNB can be converted to 2.75 SOL. The BNB to SOL exchange can be done without having to create an account or register. At Alligat0r, the exchange is simple and can be done at a fixed or floating rate. 

Alligat0r browses through a plethora of available platforms for conversion. We then pick the most lucrative deals. Once you find a profitable conversion, it’s simply a matter of sending your Binance coins to the provided deposit address. Once the aggregator converts them, the SOL coins will be sent to your e-wallet.

To find the best exchange price for your Binance coins, visit https://alligat0r.com/exchanges.

The whole process is simple and transparent at Alligat0r.