BNB Chain vs Ton

The BNB Chain, formerly known as Binance Smart Chain (BSC), is a blockchain platform introduced by the cryptocurrency exchange Binance. Its native token, BNB, serves various roles within the ecosystem. BNB acts as the network's transaction fuel, similar to gas on Ethereum, and grants users governance rights to participate in on-chain decision-making. In September 2020, Binance introduced the BNB Smart Chain alongside the BNB Beacon Chain, extending BNB's functionality. The BNB Smart Chain supports smart contracts and staking, offering an Ethereum Virtual Machine (EVM)-compatible infrastructure. This dual-chain design aims to provide a high-performance, cost-effective environment for the blockchain community, ensuring compatibility with existing Ethereum tools and dApps while improving scalability and user experience.

The Open Network (TON) is a decentralized and open internet platform made up of several components. These include: TON Blockchain, TON DNS, TON Storage, and TON Sites. TON Blockchain is the core protocol that connects TON’s underlying infrastructure together to form the greater TON Ecosystem. TON is focused on achieving widespread cross-chain interoperability, while operating in a highly scalable secure framework. TON is designed to process millions of transactions per second (TPS), with the goal of eventually reaching hundreds of millions of users moving forward.