It’s understandable that these terms may confuse users. Binance has undergone a major rebranding in February 2022. We will clarify the terms. BNB is the blockchain gas token. BNB Chain ​​is a parallel virtual ecosystem infrastructure. BNB Chain consists of BNB Beacon Chain and BSC. BNB Beacon Chain enables on-chain governance, staking, and voting. BSC (BNB Smart Chain) is an EVM-compatible chain. BSC is what matters the most when talking about smart contract audits.